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    <updateDate>2023-01-11T20:37:31Z</updateDate>
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    <introducedDate>2007-08-03</introducedDate>
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                <date>2007-08-13T16:03:15Z</date>
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        <title>Iran Counter-Proliferation Act of 2007</title>
        <congress>110</congress>
        <number>970</number>
        <type>S</type>
        <latestAction>
          <actionDate>2008-04-08</actionDate>
          <text>Committee on Finance. Hearings held. Hearings printed: S.Hrg. 110-1029.</text>
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        <title>Iran Sanctions Act of 2008</title>
        <congress>110</congress>
        <number>3227</number>
        <type>S</type>
        <latestAction>
          <actionDate>2008-07-07</actionDate>
          <text>Placed on Senate Legislative Calendar under General Orders. Calendar No. 863.</text>
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        <actionDate>2007-08-13</actionDate>
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        <text>Referred to the Subcommittee on Trade.</text>
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        <actionDate>2007-08-03</actionDate>
        <text>Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, Oversight and Government Reform, and Intelligence (Permanent Select), 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.</text>
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        <actionDate>2007-08-03</actionDate>
        <text>Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, Oversight and Government Reform, and Intelligence (Permanent Select), 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.</text>
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        <actionDate>2007-08-03</actionDate>
        <text>Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, Oversight and Government Reform, and Intelligence (Permanent Select), 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.</text>
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        <text>Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, Oversight and Government Reform, and Intelligence (Permanent Select), 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.</text>
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        <text>Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, Oversight and Government Reform, and Intelligence (Permanent Select), 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.</text>
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        <text>Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, Oversight and Government Reform, and Intelligence (Permanent Select), 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.</text>
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        <bioguideId>I000056</bioguideId>
        <fullName>Rep. Issa, Darrell E. [R-CA-49]</fullName>
        <firstName>DARRELL</firstName>
        <lastName>ISSA</lastName>
        <party>R</party>
        <state>CA</state>
        <middleName>E.</middleName>
        <district>49</district>
        <isByRequest>N</isByRequest>
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      <name>International Affairs</name>
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          <name>Affiliated corporations</name>
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          <name>American investments</name>
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          <name>Armed Forces and National Security</name>
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          <name>Congress and foreign policy</name>
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          <name>Congressional oversight</name>
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          <name>Congressional reporting requirements</name>
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          <name>Corporation taxes</name>
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          <name>Development credit institutions</name>
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          <name>Economic assistance</name>
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          <name>Environmental Protection</name>
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          <name>Exchange of persons programs</name>
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          <name>Information disclosure (Securities law)</name>
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          <name>International agencies</name>
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          <name>International control of nuclear power</name>
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          <name>Iran</name>
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          <name>Law</name>
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          <name>Middle East and North Africa</name>
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          <name>Nuclear fuels</name>
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          <name>Nuclear nonproliferation</name>
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          <name>Official secrets</name>
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          <name>Petroleum</name>
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          <name>Petroleum industry</name>
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          <name>President and foreign policy</name>
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          <name>Uranium enrichment</name>
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        <actionDate>2007-08-03</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2007-08-16T22:09:29Z</updateDate>
        <text><![CDATA[ <p>Iran Counter-Proliferation Act of 2007 - Amends the Iran Sanctions Act of 1996 to expand the definitions of "petroleum resources" and "person.&quot;</p><p>Expresses the sense of Congress concerning: (1) a variety of existing and proposed sanctions against Iran; and (2) mechanisms to assure a supply of nuclear fuel for peaceful means.</p> <p>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.</p> <p>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. </p><p>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." </p> <p>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. </p> <p>Authorizes appropriations for the Department of the Treasury's Office of Terrorism and Financial Intelligence.</p><p>Requires the Director of National Intelligence to submit to Congress an updated National Intelligence Estimate on Iran.</p><p>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.</p> <p>Amends the Securities and Exchange Act of 1945 to require securities issuers to disclose to the Securities and Exchange Commission (SEC) post-January 1, 2007, investments in Iran's energy sector in excess of $20 million.</p>]]></text>
      </summary>
    </summaries>
    <title>Iran Counter-Proliferation Act of 2007</title>
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        <titleType>Official Title as Introduced</titleType>
        <title>To impose sanctions on Iran and on other countries for assisting Iran in developing a nuclear program, and for other purposes.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <title>Iran Counter-Proliferation Act of 2007</title>
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        <title>Iran Counter-Proliferation Act of 2007</title>
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        <date>2007-08-03T04:00:00Z</date>
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    <latestAction>
      <actionDate>2007-08-13</actionDate>
      <text>Referred to the Subcommittee on Trade.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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