On August 1, the United States passed a new law, the Iran Threat Reduction and Syria Human Rights Act of 2012 (H.R. 1905), which focuses mostly on sanctions against Iran. The Act significantly expands the scope of extraterritorial sanctions imposed on foreign persons and entities that are involved in Iran's exports of petroleum, petroleum products and petrochemicals. Non-US subsidiaries of US companies are now subject to direct prohibitions against dealing with Iran and US parents are also liable for the violations by the foreign companies which they own or control.