Iran Counter-Proliferation Act of 2007
Latest action · Apr 8, 2008 Committee on Finance. Hearings held. Hearings printed: S.Hrg. 110-1029.
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.
- IntroducedMar 22, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Iran Counter-Proliferation Act of 2007 - Amends the Iran Sanctions Act of 1996 to expand the definitions of "petroleum resources" and "person."
Expresses the sense of Congress concerning certain sanctions against Iran.
Subjects Russia to specified nuclear energy cooperation prohibitions unless the President certifies to Congress that: (1) Russia has suspended all nuclear assistance and transfers of advanced conventional weapons and missiles to Iran; or (2) Iran has verifiably dismantled all nuclear enrichment-related and reprocessing-related programs.
Subjects Iran to specified economic sanctions unless the President certifies to Congress that Iran has verifiably dismantled all nuclear enrichment-related and reprocessing-related programs.
Subjects, with respect to prohibited transactions with Iran, a parent company to penalties for violations committed by certain subsidiaries outside the United States that would be subject to prohibitions if committed inside the United States or by a U.S. person.
Amends the Internal Revenue Code to eliminate specified geological and geophysical expense amortization benefits if petroleum-related sanctions are imposed under the Iran Sanctions Act of 1996 on any member of an expanded affiliated group whose common parent is a foreign corporation. Revises the definition of "affiliated group."
Directs the President to reduce annual U.S. contributions to the International Bank for Reconstruction and Development (World Bank) based upon Bank amounts provided to entities and projects in Iran.
Authorizes appropriations for the Department of the Treasury's Office of Terrorism and Financial Intelligence.
Requires the Director of National Intelligence to submit to Congress an updated National Intelligence Estimate on Iran.
Authorizes the President to: (1) carry out exchange programs with the people of Iran; and (2) make voluntary grant-based contributions to the International Atomic Energy Agency (IAEA) for the establishment of an international nuclear fuel bank to maintain a reserve of low-enriched uranium in case of a disruption in the supply of reactor fuel by normal market mechanisms.
Sets forth specified Iran investment-related reporting requirements.
Cosponsors 72
Members who signed on, in the order they did. Signatures ran from Mar 22, 2007 to Jun 3, 2008, with 10 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MD | Barbara A. Mikulski | Original | Mar 22, 2007 |
| D-IN | Evan Bayh | Original | Mar 22, 2007 |
| D-NJ | Frank R. Lautenberg | Original | Mar 22, 2007 |
| R-SD | John Thune | Original | Mar 22, 2007 |
| R-AZ | Jon Kyl | Original | Mar 22, 2007 |
| D-CT | Joseph I. Lieberman | Original | Mar 22, 2007 |
| R-MN | Norm Coleman | Original | Mar 22, 2007 |
| D-IL | Richard J. Durbin | Original | Mar 22, 2007 |
| D-NJ | Robert Menendez | Original | Mar 22, 2007 |
| R-KS | Sam Brownback | Original | Mar 22, 2007 |
| R-MS | Trent Lott | Mar 23, 2007 | |
| D-CT | Christopher J. Dodd | Mar 28, 2007 | |
| R-LA | David Vitter | Apr 10, 2007 | |
| R-ID | Larry E. Craig | Apr 10, 2007 | |
| R-NC | Elizabeth Dole | Apr 11, 2007 |
Actions 4
Everything that happened, newest first.
- Apr 8, 2008Committee on Finance. Hearings held. Hearings printed: S.Hrg. 110-1029.
- Mar 22, 2007Introduced in Senate
- Mar 22, 2007Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3617-3620)
- Mar 22, 2007Sponsor introductory remarks on measure. (CR S3616-3617)
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3227 | Iran Sanctions Act of 2008 | Related bill | Jul 7, 2008 |
| HR 3390 | Iran Counter-Proliferation Act of 2007 | Related bill | Aug 13, 2007 |
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
- Affiliated corporations
- Alien property
- American investments
- Armed Forces and National Security
- Arms sales
- Ballistic missiles
- Civil service retirement
- Commerce
- Congress
- Congress and foreign policy
- Congressional oversight
- Congressional reporting requirements
- Conventional weapons
- Corporate reorganizations
- Crime and Law Enforcement
- Cultural relations
- Department of the Treasury
- Depreciation and amortization
- Development credit institutions
- Diplomats
- Economics and Public Finance
- Education
- Educational exchanges
- Energy
- Exchange of persons programs
- Export controls
- Export finance
- Foreign corporations
- Foreign investments
- Foreign loans
- Foreign Trade and International Finance
- Free trade
- Gas industry
- Geology
- Geophysical prediction
- Government Operations and Politics
- Government procurement
- Government trust funds
- Guided missiles
- Higher education
- Import restrictions
- Income tax
- International Affairs
- International agencies
- International banking
- International broadcasting
- International control of nuclear power
- Investments
- Iran
- Labor and Employment
- Middle East and North Africa
- Nuclear energy
- Nuclear energy research
- Nuclear exports
- Nuclear fuels
- Nuclear nonproliferation
- Oil well drilling
- Pension funds
- Petroleum industry
- President and foreign policy
- Radio broadcasting
- Reactor fuel reprocessing
- Russia
- Sanctions (International law)
- Science, Technology, Communications
- State-sponsored terrorism
- Subsidiary corporations
- Tax deductions
- Tax-deferred compensation plans
- Taxation
- Terrorism
- Uranium
- Uranium enrichment
- Weapons of mass destruction
Text 1
Each version as it was printed, newest first.
- Mar 22, 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.
