Iran Sanctions Enabling Act
Latest action · Jul 26, 2007 Sponsor introductory remarks on measure. (CR S10141-10142)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 17, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Iran Sanctions Enabling Act of 2007 - Directs the Secretary of the Treasury to: (1) publish biannually in the Federal Register a list of each person, whether within or outside of the United States, that has an investment of more than $20 million in the energy sector in Iran; and (2) maintain on the website of the Department of the Treasury the names of the persons on such list.
States it is the policy of the United States to support the decision of state and local governments and educational institutions to divest from, and to prohibit the investment of assets they control in, persons included on the most recent list.
Authorizes a state or local government to adopt and enforce measures to divest its assets from, or prohibit investment of assets in, persons included on the most recent list.
Amends the Investment Company Act of 1940 to shield any registered investment company from civil, criminal, or administrative action based upon its divesting from, or avoiding investing in, securities issued by companies included on such most recent list.
Amends the Employee Retirement Income Security Act of 1974 to shield from treatment as breaching a fiduciary duty any person divesting plan assets from, or avoiding investing plan assets in, persons included on such most recent list.
Expresses the sense of the Congress that the Federal Retirement Thrift Investment Board should: (1) initiate efforts to provide a terror-free international investment option among the funds of the Thrift Savings Fund; and (2) initiate similar efforts to provide a genocide-free international investment option.
Cosponsors 37
Members who signed on, in the order they did. Signatures ran from May 17, 2007 to Sep 11, 2008; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-KS | Sam Brownback | Original | May 17, 2007 |
| D-MD | Barbara A. Mikulski | May 24, 2007 | |
| D-CA | Barbara Boxer | May 24, 2007 | |
| I-CT | Joseph I. Lieberman | May 24, 2007 | |
| D-OR | Ron Wyden | Jun 5, 2007 | |
| D-FL | Bill Nelson | Jun 6, 2007 | |
| D-NJ | Frank R. Lautenberg | Jun 25, 2007 | |
| D-PA | Robert P. Casey Jr. | Jun 26, 2007 | |
| R-OK | Tom Coburn | Jun 26, 2007 | |
| D-WA | Patty Murray | Jul 17, 2007 | |
| R-ME | Susan M. Collins | Jul 17, 2007 | |
| D-MN | Amy Klobuchar | Jul 19, 2007 | |
| R-OR | Gordon H. Smith | Jul 19, 2007 | |
| D-WI | Russell D. Feingold | Jul 19, 2007 | |
| D-CO | Ken Salazar | Sep 10, 2007 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Banking, Housing, and Urban Affairs Committee | Referred May 17, 2007 |
Actions 4
Everything that happened, newest first.
- Jul 26, 2007Sponsor introductory remarks on measure. (CR S10141-10142)
- May 17, 2007Introduced in Senate
- May 17, 2007Sponsor introductory remarks on measure. (CR S6309-6310)
- May 17, 2007Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In the Congressional Record 4
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H11086 | Brad Sherman D-CA | Oct 2, 2007 |
| House | Debate and remarks H9190 | Patrick T. McHenry R-NC | Jul 31, 2007 |
| Senate | Debate and remarks S10141 | Barack Obama D-IL | Jul 26, 2007 |
| Senate | Debate and remarks S6309 | Barack Obama D-IL | May 17, 2007 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2347 | Iran Sanctions Enabling Act of 2007 | Related bill | Aug 3, 2007 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to authorize State and local governments to direct divestiture from, and prevent investment in, companies with investments of $20,000,000 or more in Iran's energy sector, and for other purposes.
- Short Titles as Introduced
- Iran Sanctions Enabling Act
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
- American investments
- Armed Forces and National Security
- Arms control
- Arms sales
- Ballistic missiles
- Bank loans
- Biological warfare
- Chemical warfare
- Civil actions and liability
- Civil service retirement
- Colleges
- Commercial blacklisting
- Congress
- Congress and foreign policy
- Congressional oversight
- Congressional reporting requirements
- Crime and Law Enforcement
- Criminal liability
- Development credit institutions
- Directories
- Education
- Employee benefit plans
- Energy
- Federal employees
- Federal preemption
- Finance and Financial Sector
- Foreign investments
- Foreign loans
- Foreign Trade and International Finance
- Gas industry
- Genocide
- Government Operations and Politics
- Government publicity
- Higher education
- International Affairs
- International banking
- Investment of public funds
- Iran
- Israel
- Labor and Employment
- Law
- Liability (Law)
- Middle East and North Africa
- Military technology
- Mutual funds
- Nuclear nonproliferation
- Nuclear weapons
- Petroleum industry
- President and foreign policy
- Sanctions (International law)
- Science, Technology, Communications
- State-sponsored terrorism
- Technology transfer
- Terrorism
- Trusts and trustees
Text 1
Each version as it was printed, newest first.
- May 17, 2007Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
