State Sanctions Against Iranian Terrorism Act
Latest action · Jul 26, 2017 Referred to the Committee on Financial Services, and in addition to the Committee on Rules, 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.
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.
- IntroducedJul 26, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
State Sanctions Against Iranian Terrorism Act
This bill amends the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to specify that a state may, in addition to limiting investment in Iran's energy sector, prohibit or limit any person from engaging in specified investment activities in Iran. A state may also enter into interstate compacts to prohibit or limit such financial activities.
Enforcement of such measures may include the imposition of disclosure and transparency requirements.
The description of "investment activities" is revised to: (1) reduce the threshold for financial involvement from $20 million to $10 million; and (2) include, in addition to the energy sector, involvement in a business enterprise in Iran, including an entity owned or controlled by the Iranian government.
The bill declares that a state or local government measure authorized pursuant to the bill is: (1) authorized and not preempted by any federal law or regulation, or any policy, agreement, or exercise of waiver authority of the executive branch; and (2) is consistent with U.S. federal policy, including U.S. foreign policy.
A state or local government may enforce a measure adopted before the enactment of this bill that: (1) provides for the divestment of state or local assets from, or prohibits the investment of those assets in, any person that engages in investment activities in Iran or other business activities in Iran identified in the measure; or (2) prohibits or limits any person from engaging in investment activities in Iran.
State and local government authority to divest from certain companies that invest in Iran shall not terminate pursuant to a presidential certification if Congress, not later than 60 days after the date on which the President submits such certification, enacts a joint resolution disapproving such certification.
Cosponsors 21
Members who signed on, in the order they did. Signatures ran from Jul 26, 2017 to Jan 29, 2018, with 19 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-WV | Alexander X. Mooney | Original | Jul 26, 2017 |
| R-FL | Bill Posey | Original | Jul 26, 2017 |
| R-NY | Chris Collins | Original | Jul 26, 2017 |
| R-FL | Dennis A. Ross | Original | Jul 26, 2017 |
| R-CO | Doug Lamborn | Original | Jul 26, 2017 |
| R-FL | Francis Rooney | Original | Jul 26, 2017 |
| R-OH | Jim Jordan | Original | Jul 26, 2017 |
| R-FL | John H. Rutherford | Original | Jul 26, 2017 |
| R-TX | John Ratcliffe | Original | Jul 26, 2017 |
| R-NY | Lee M. Zeldin | Original | Jul 26, 2017 |
| R-FL | Mario Diaz-Balart | Original | Jul 26, 2017 |
| R-NC | Mark Meadows | Original | Jul 26, 2017 |
| R-NC | Mark Walker | Original | Jul 26, 2017 |
| R-MI | Mike Bishop | Original | Jul 26, 2017 |
| R-CA | Paul Cook | Original | Jul 26, 2017 |
Actions 2
Everything that happened, newest first.
- Jul 26, 2017Introduced in House
- Jul 26, 2017Referred to the Committee on Financial Services, and in addition to the Committee on Rules, 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.
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
Text 1
Each version as it was printed, newest first.
- Jul 26, 2017Introduced 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.