Iran Sanctions Enabling Act of 2009
Latest action · Oct 15, 2009 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 5, 2009
- Passed HouseOct 14, 2009
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Iran Sanctions Enabling Act of 2009 - (Sec. 3) States that 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 that the have investments of more than $20 million in Iran's energy sector.
Authorizes a state or local government to adopt and enforce measures to divest its assets from, or prohibit their investment in, any person that the state or local government determines, using credible information available to the public, engages in certain investment activities in Iran. Specifies such activities as: (1) the investment of $20 million or more in Iran's energy sector; or (2) provision of oil or liquefied natural gas tankers, or products used to construct or maintain pipelines used to transport oil or liquefied natural gas, for that energy sector. Authorizes divestment, as well, from any financial institution which extend $20 million or more in credit to another person, for 45 days or more, if that person will use the credit to invest in Iran's energy sector.
Expresses the sense of Congress that a state or local government should not adopt such measures against such a person unless it has made every effort to avoid erroneously targeting the person and has verified that such person engages in such investment activities.
Declares that any measure of a state or local government authorized under this Act is not preempted by any federal law or regulation.
(Sec. 4) 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 persons that have invested in Sudan or in Iran.
(Sec. 5) Amends the Employee Retirement Income Security Act of 1974 (ERISA) to shield from treatment as breaching a fiduciary duty any person divesting employee benefit plan assets from, or avoiding investing plan assets in, persons that have engaged in such investment activities in Iran.
(Sec. 7) Terminates this Act 30 days after the President certifies to Congress that the government of Iran has ceased: (1) providing support for acts of international terrorism and no longer satisfies the requirements for designation as a state-sponsor of terrorism; or (2) the pursuit, acquisition, and development of nuclear, biological, and chemical weapons and ballistic missiles and ballistic missile launch technology.
Recorded votes 1
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 776 | On Motion to Suspend the Rules and Pass, as Amended | Passed414–6 | Oct 14, 2009 |
Cosponsors 257
Members who signed on, in the order they did. Signatures ran from Mar 5, 2009 to Oct 13, 2009; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Brad Sherman | Original | Mar 5, 2009 |
| D-NY | Gregory W. Meeks | Original | Mar 5, 2009 |
| D-CA | Howard L. Berman | Original | Mar 5, 2009 |
| D-WI | Gwen Moore | Mar 16, 2009 | |
| R-IL | Mark Kirk | Mar 16, 2009 | |
| D-FL | Ron Klein | Mar 16, 2009 | |
| D-OH | Steve Driehaus | Mar 16, 2009 | |
| D-FL | Alcee L. Hastings | Mar 18, 2009 | |
| R-NJ | Frank A. LoBiondo | Mar 18, 2009 | |
| R-CA | Mary Bono | Mar 18, 2009 | |
| D-FL | Robert Wexler | Mar 18, 2009 | |
| D-GA | Sanford D. Bishop, Jr. | Mar 18, 2009 | |
| R-FL | Thomas J. Rooney | Mar 18, 2009 | |
| R-PA | Todd Russell Platts | Mar 18, 2009 | |
| D-TX | Gene Green | Mar 19, 2009 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Mar 5, 2009Markup Apr 28, 2009 |
| Financial Institutions and Monetary Policy Subcommittee | Referred Mar 5, 2009Hearings Mar 12, 2009Discharged Apr 28, 2009 | |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Oct 15, 2009 |
Actions 16
Everything that happened, newest first.
- Oct 15, 2009Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Oct 14, 2009Considered as unfinished business. (consideration: CR H11351-11352)
- Oct 14, 2009Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 6 (Roll no. 776). (text: CR 10/13/2009 H11191-11192)
- Oct 14, 2009Motion to reconsider laid on the table Agreed to without objection.
- Oct 13, 2009Mr. Frank (MA) moved to suspend the rules and pass the bill, as amended.
- Oct 13, 2009Considered under suspension of the rules. (consideration: CR H11191-11195)
- Oct 13, 2009DEBATE - The House proceeded with forty minutes of debate on H.R. 1327.
- Oct 13, 2009DEBATE - The House resumed debate on H.R. 1327.
- Oct 13, 2009At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- Apr 28, 2009Subcommittee on International Monetary Policy and Trade Discharged.
- Apr 28, 2009Committee Consideration and Mark-up Session Held.
- Apr 28, 2009Ordered to be Reported (Amended) by Voice Vote.
- Mar 12, 2009Subcommittee Hearings Held.
- Mar 5, 2009Introduced in House
- Mar 5, 2009Referred to the House Committee on Financial Services.
- Mar 5, 2009Referred to the Subcommittee on International Monetary Policy and Trade.
In the Congressional Record 13
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 H4599 | Harry E. Mitchell D-AZ | Jun 17, 2010 |
| House | Debate and remarks H2776 | Harry E. Mitchell D-AZ | Apr 21, 2010 |
| House | Debate and remarks H14941 | Gwen Moore D-WI | Dec 15, 2009 |
| House | Debate and remarks H13036 | Mike Quigley D-IL | Nov 17, 2009 |
| Extensions | Debate and remarks E2569 | Phil Gingrey R-GA | Oct 16, 2009 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Congressional Budget Office cost estimates 2
- May 13, 2009H.R. 1327, Iran Sanctions Enabling Act of 2009<p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on April 28, 2009</p>
- May 13, 2009H.R. 1327, Iran Sanctions Enabling Act of 2009Cost estimate for the bill as ordered reported by the House Committee on Financial Services on April 28, 2009
Printed hearings 2
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 111-31 | IRAN: RECENT DEVELOPMENTS AND IMPLICATIONS FOR U.S. POLICY129 pages | Foreign Affairs Committee | Jul 22, 2009 |
| Serial No. 111-13 | H.R. 1327, THE IRAN SANCTIONS ENABLING ACT OF 200998 pages | Financial Services Committee | Mar 12, 2009 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1065 | Iran Sanctions Enabling Act of 2009 | Related bill | May 18, 2009 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- 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 of 2009
- Short Titles as Passed House
- Iran Sanctions Enabling Act of 2009
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Arms control and nonproliferation
- Civil actions and liability
- Educational facilities and institutions
- Employee benefits and pensions
- Finance and Financial Sector
- Financial services and investments
- Higher education
- Iran
- Middle East
- Nuclear power
- Nuclear weapons
- Oil and gas
- State and local finance
- U.S. and foreign investments
Text 3
Each version as it was printed, newest first.
- Oct 15, 2009Referred in Senate
- Oct 14, 2009Engrossed in House
- Mar 5, 2009Introduced in House
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.
