HR 1655

112th CONGRESS
1st Session

H. R. 1655

To enhance United States diplomatic efforts with respect to Iran by imposing additional economic sanctions against Iran, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

April 15, 2011

Mr. SHERMAN (for himself, Mr. ROYCE, Ms. BERKLEY, Mr. SHULER, Mrs. MALONEY, and Mr. POE of Texas) introduced the following bill; which was referred to the Committee on Foreign Affairs, and in addition to the Committees on Ways and Means, the Judiciary, Financial Services, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned


A BILL

To enhance United States diplomatic efforts with respect to Iran by imposing additional economic sanctions against Iran, and for other purposes.

SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.

TITLE I--ADDITIONAL SANCTIONS WITH RESPECT TO IRAN

TITLE II--APPLICATION OF SANCTIONS AGAINST AFFILIATES OF IRAN'S ISLAMIC REVOLUTIONARY GUARD CORPS

TITLE III--OPPOSITION OF TRANSFER TO IRAN, NORTH KOREA, AND SYRIA OF GOODS, SERVICES, OR TECHNOLOGY RELEVANT TO THEIR CAPABILITY TO EXTRACT OR MILL URANIUM ORE

TITLE IV--ROLLOVER OF GAIN FROM DIVESTING CERTAIN QUALIFIED SECURITIES OF BUSINESS ENTITIES ENGAGED IN DISCOURAGED ACTIVITIES IN IRAN

TITLE V--PROHIBITION ON UNITED STATES GOVERNMENT CONTRACTS AND INVESTMENT FOR COMPANIES CONDUCTING BUSINESS IN IRAN

TITLE VI--TERMINATION OF LOAN DISBURSEMENTS TO IRAN FROM THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

SEC. 2. FINDINGS.

TITLE I--ADDITIONAL SANCTIONS WITH RESPECT TO IRAN

SEC. 101. EXPANSION OF SANCTIONS UNDER THE IRAN SANCTIONS ACT OF 1996.

SEC. 102. APPLICATION TO SUBSIDIARIES.

SEC. 103. ADDITIONAL EXPORT SANCTIONS AGAINST IRAN.

SEC. 104. ELIMINATION OF CERTAIN TAX INCENTIVES FOR OIL COMPANIES INVESTING IN IRAN.

SEC. 105. INADMISSIBILITY OF CERTAIN ALIENS WHO ENGAGE IN CERTAIN ACTIVITIES WITH RESPECT TO IRAN.

`(aa) an activity for which sanctions may be imposed pursuant to section 5 of the Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701 note);

`(bb) an activity--

`(AA) relating to the proliferation by Iran of weapons of mass destruction or the means of delivery of such weapons; and

`(BB) for which sanctions may be imposed pursuant to Executive Order 13382 (70 Fed. Reg. 38567) (or any successor thereto);

`(cc) an activity--

`(AA) relating to support for international terrorism by the Government of Iran; and

`(BB) for which sanctions may be imposed pursuant to Executive Order 13224 (66 Fed. Reg. 49079) (or any successor thereto); or

`(dd) any other activity with respect to Iran for which sanctions may be imposed pursuant to any other provision of law;

`(aa) an alien who engages in an activity described in subclause (I); or

`(bb) the chief executive officer, president, or other individual in charge of overall management of, a member of the board of directors of, or a shareholder with a controlling interest in, an entity that engages in an activity described in subclause (I).

`(aa) that the alien may be inadmissible; and

`(bb) of the reason for the inadmissibility of the alien.

`(aa) the alien is described in subclause (II) or (III)(bb) of clause (ii);

`(bb) the entity that engaged in the activity that would otherwise result in the inadmissibility of the alien under this subparagraph is no longer engaging the activity or has taken significant steps toward stopping the activity; and

`(cc) the President has received reliable assurances that the entity will not knowingly engage in an activity described in clause (ii)(I) again.'.

SEC. 106. TEMPORARY INCREASE IN FEE FOR CERTAIN CONSULAR SERVICES.

TITLE II--APPLICATION OF SANCTIONS AGAINST AFFILIATES OF IRAN'S ISLAMIC REVOLUTIONARY GUARD CORPS

SEC. 201. SANCTIONS AGAINST AFFILIATES OF IRAN'S ISLAMIC REVOLUTIONARY GUARD CORPS.

SEC. 202. MEASURES AGAINST FOREIGN PERSONS OR ENTITIES SUPPORTING IRAN'S ISLAMIC REVOLUTIONARY GUARD CORPS.

SEC. 203. SPECIAL MEASURES AGAINST FOREIGN COUNTRIES SUPPORTING IRAN'S ISLAMIC REVOLUTIONARY GUARD CORPS.

SEC. 204. RULE OF CONSTRUCTION.

SEC. 205. DEFINITIONS.

SEC. 206. SUNSET.

TITLE III--OPPOSITION OF TRANSFER TO IRAN, NORTH KOREA, AND SYRIA OF GOODS, SERVICES, OR TECHNOLOGY RELEVANT TO THEIR CAPABILITY TO EXTRACT OR MILL URANIUM ORE

SEC. 301. STATEMENT OF POLICY.

SEC. 302. REPORTING REQUIREMENTS UNDER THE IRAN, NORTH KOREA, AND SYRIA NONPROLIFERATION ACT.

SEC. 303. CONFORMING AMENDMENTS.

TITLE IV--ROLLOVER OF GAIN FROM DIVESTING CERTAIN QUALIFIED SECURITIES OF BUSINESS ENTITIES ENGAGED IN DISCOURAGED ACTIVITIES IN IRAN

SEC. 401. ROLLOVER OF GAIN FROM DIVESTING CERTAIN QUALIFIED SECURITIES OF BUSINESS ENTITIES ENGAGED IN DISCOURAGED ACTIVITIES IN IRAN.

`SEC. 1046. ROLLOVER OF GAIN FROM DIVESTING CERTAIN QUALIFIED SECURITIES OF BUSINESS ENTITIES ENGAGED IN DISCOURAGED ACTIVITIES IN IRAN.

TITLE V--PROHIBITION ON UNITED STATES GOVERNMENT CONTRACTS AND INVESTMENT FOR COMPANIES CONDUCTING BUSINESS IN IRAN

SEC. 501. PROHIBITION ON UNITED STATES GOVERNMENT CONTRACTS.

SEC. 502. AUTHORITY OF STATE AND LOCAL GOVERNMENTS TO RESTRICT CONTRACTS OR LICENSES FOR CERTAIN SANCTIONABLE PERSONS.

SEC. 503. UNITED STATES PENSION PLANS.

SEC. 504. DEFINITIONS.

SEC. 505. SUNSET.

TITLE VI--TERMINATION OF LOAN DISBURSEMENTS TO IRAN FROM THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

SEC. 601. TERMINATION OF LOAN DISBURSEMENTS TO IRAN FROM THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT.

SEC. 602. UNITED STATES OPPOSITION TO NEW COUNTRY ASSISTANCE STRATEGY FOR IRAN.

SEC. 603. SUNSET.

SEC. 604. RULE OF INTERPRETATION.

END