Iranian Energy Sector and Proliferation Sanctions Act

Iranian Energy Sector and Proliferation Sanctions Act - Directs the President to impose specified sanctions against a person that conducts any transaction with, or invests in, any entity that: (1) is organized under Iranian law or otherwise subject to Iranian jurisdiction and is involved in the production, extraction, or transportation of petroleum, refined petroleum products, natural gas, or petrochemical products, or provides financing or other services with respect to such activities; and (2) provides to such entity technology, goods, or services (including transportation, insurance, computer, financial, consulting, and engineering services).

Exempts from such sanctions certain crude oil purchases from Iran if a specified exemption under the National Defense Authorization Act for Fiscal Year 2012 applies to the country with primary jurisdiction over the purchaser.