IRGC Sanctions Act
Latest action · Dec 15, 2015 Referred to the Subcommittee on Trade.
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.
- IntroducedDec 15, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
IRGC Sanctions Act
This bill amends the Arms Export Control Act, the Export Administration Act of 1979, and the Foreign Assistance Act of 1961 to require congressional approval of any rescission of a determination that a country is a state sponsor of terrorism.
The Trade Act of 1974 is amended to prohibit a U.S. person from knowingly engaging in any financial transaction with or transfer of funds to:
- Iran's Revolutionary Guard Corps (IRGC) or any IRGC subdivision;
- any person that is an agent, alias, front, instrumentality, or affiliate of any such entity;
- any person owned or controlled by such an entity or such a person;
- any natural person who is a representative, official, or senior member of any such entity; or
- any person for the purpose of avoiding a financial transaction with, or transfer of funds to, such an individual or entity, or for the benefit of such an individual or entity.
The President shall exercise specified authorities under the International Emergency Economic Powers Act to carry out this Act, except that the President shall:
- not issue any general license authorizing, or otherwise authorize, any prohibited activity; or
- require any U.S. person seeking to engage in a prohibited financial transaction or transfer of funds to submit a written request to the Department of the Treasury's Office of Foreign Assets Control.
Congressional approval shall be required to remove any person added to the Office's list of specially designated nationals and blocked persons pursuant to this Act.
A person that violates prohibited activities shall be subject to specified penalties under the International Emergency Economic Powers Act.
The President shall establish and update a watch list of persons that:
- meet certain criteria under this Act and are not included on the Office's list of specially designated nationals and blocked persons, and
- are Iranian persons that meet specified criteria under this Act and have been removed from the Office's list of specially designated nationals and blocked persons in accordance with the terms of United Nations Security Council Resolution 2231 and the Joint Comprehensive Plan of Action.
The President may remove a person on the watch list under specified conditions.
The Securities Exchange Act of 1934 is amended to require securities issuers to report to the Securities Exchange Commission any transaction prohibited by this Act.
Cosponsors 37
Members who signed on, in the order they did. Signatures ran from Dec 15, 2015 to Jun 10, 2016; 19 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-UT | Chris Stewart | Original | Dec 15, 2015 |
| R-TN | Diane Black | Original | Dec 15, 2015 |
| R-NJ | Frank A. LoBiondo | Original | Dec 15, 2015 |
| R-NC | George Holding | Original | Dec 15, 2015 |
| R-FL | Jeff Miller | Original | Dec 15, 2015 |
| R-NV | Joseph J. Heck | Original | Dec 15, 2015 |
| R-TX | Kay Granger | Original | Dec 15, 2015 |
| R-TX | Kenny Marchant | Original | Dec 15, 2015 |
| R-KS | Lynn Jenkins | Original | Dec 15, 2015 |
| R-TX | Mac Thornberry | Original | Dec 15, 2015 |
| R-TX | Michael T. McCaul | Original | Dec 15, 2015 |
| R-KS | Mike Pompeo | Original | Dec 15, 2015 |
| R-OH | Patrick J. Tiberi | Original | Dec 15, 2015 |
| R-PA | Patrick Meehan | Original | Dec 15, 2015 |
| R-IL | Peter J. Roskam | Original | Dec 15, 2015 |
| R-NY | Peter T. King | Original | Dec 15, 2015 |
| R-IL | Robert J. Dold | Original | Dec 15, 2015 |
| R-NJ | Rodney P. Frelinghuysen | Original | Dec 15, 2015 |
| R-FL | Thomas J. Rooney | Original | Dec 15, 2015 |
| R-LA | Charles W. Boustany, Jr. | Dec 16, 2015 | |
| R-OK | Steve Russell | Dec 16, 2015 | |
| R-OH | Steve Stivers | Dec 16, 2015 | |
| R-KY | Brett Guthrie | Dec 17, 2015 | |
| R-NJ | Leonard Lance | Dec 17, 2015 | |
| R-PA | Mike Kelly | Dec 17, 2015 | |
| R-MT | Ryan K. Zinke | Dec 17, 2015 | |
| R-GA | Tom Price | Dec 17, 2015 | |
| R-WA | Dan Newhouse | Jan 6, 2016 | |
| R-IN | Jackie Walorski | Jan 6, 2016 | |
| R-IL | Rodney Davis | Jan 6, 2016 | |
| R-PA | Ryan A. Costello | Jan 6, 2016 | |
| R-FL | Mario Diaz-Balart | Jan 7, 2016 | |
| R-IL | Adam Kinzinger | Jan 12, 2016 | |
| R-TX | John Abney Culberson | Jan 28, 2016 | |
| R-CA | Tom McClintock | Jan 28, 2016 | |
| R-IN | Todd Young | Apr 12, 2016 | |
| R-PA | Keith J. Rothfus | Jun 10, 2016 |
Committees 4
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Foreign Affairs Committee | Referred Dec 15, 2015 |
| House | Rules Committee | Referred Dec 15, 2015 |
| House | Ways and Means Committee | Referred Dec 15, 2015 |
| Trade Subcommittee | Referred Dec 15, 2015 | |
| House | Financial Services Committee | Referred Dec 15, 2015 |
Actions 3
Everything that happened, newest first.
- Dec 15, 2015Introduced in House
- Dec 15, 2015Referred to the Committee on Foreign Affairs, and in addition to the Committees on Rules, Ways and Means, and Financial Services, 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.
- Dec 15, 2015Referred to the Subcommittee on Trade.
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.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 161, no. 182, December 15, 2015, page H9328.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| RS20871 | Iran Sanctions Archived | Report | Feb 2, 2022 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To protect the American and Iranian peoples as well as the global economy from Iran's systematic abjuration of international legal standards on human and civil rights, its support for international terrorism, and the corrosive economic malfeasance of Iran's Revolutionary Guard Corps, and for other purposes.
- Short Titles as Introduced
- IRGC Sanctions Act
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
- Congressional oversight
- Foreign aid and international relief
- Foreign and international banking
- Foreign property
- International Affairs
- Iran
- Licensing and registrations
- Middle East
- Military assistance, sales, and agreements
- Presidents and presidential powers, Vice Presidents
- Sanctions
- Securities
- Terrorism
- Trade restrictions
- War and emergency powers
Text 1
Each version as it was printed, newest first.
- Dec 15, 2015Introduced 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.
