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  <bill>
    <number>3516</number>
    <updateDate>2023-01-11T13:18:21Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:18:21Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2009-07-31</introducedDate>
    <congress>111</congress>
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        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2009-07-31T13:23:40Z</date>
          </item>
        </activities>
      </item>
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    <relatedBills>
      <item>
        <title>Stop Iran's Nuclear Weapons Program Act of 2010</title>
        <congress>111</congress>
        <number>6296</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2010-12-20</actionDate>
          <text>Referred to the Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law.</text>
        </latestAction>
        <relationshipDetails>
          <item>
            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
          </item>
        </relationshipDetails>
      </item>
    </relatedBills>
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      <item>
        <actionDate>2009-07-31</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <text>Introduced in House</text>
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        <actionDate>2009-07-31</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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    <sponsors>
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        <bioguideId>S000344</bioguideId>
        <fullName>Rep. Sherman, Brad [D-CA-27]</fullName>
        <firstName>BRAD</firstName>
        <lastName>SHERMAN</lastName>
        <party>D</party>
        <state>CA</state>
        <district>27</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>R000435</bioguideId>
        <fullName>Rep. Ros-Lehtinen, Ileana [R-FL-18]</fullName>
        <firstName>ILEANA</firstName>
        <lastName>ROS-LEHTINEN</lastName>
        <party>R</party>
        <state>FL</state>
        <district>18</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>K000360</bioguideId>
        <fullName>Rep. Kirk, Mark Steven [R-IL-10]</fullName>
        <firstName>MARK</firstName>
        <lastName>KIRK</lastName>
        <party>R</party>
        <state>IL</state>
        <middleName>STEVEN</middleName>
        <district>10</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>G000553</bioguideId>
        <fullName>Rep. Green, Al [D-TX-9]</fullName>
        <firstName>Al</firstName>
        <lastName>Green</lastName>
        <party>D</party>
        <state>TX</state>
        <district>9</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H001032</bioguideId>
        <fullName>Rep. Holt, Rush [D-NJ-12]</fullName>
        <firstName>RUSH</firstName>
        <lastName>HOLT</lastName>
        <party>D</party>
        <state>NJ</state>
        <middleName>D.</middleName>
        <district>12</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>K000366</bioguideId>
        <fullName>Rep. Klein, Ron [D-FL-22]</fullName>
        <firstName>Ron</firstName>
        <lastName>Klein</lastName>
        <party>D</party>
        <state>FL</state>
        <district>22</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>A000364</bioguideId>
        <fullName>Rep. Adler, John H. [D-NJ-3]</fullName>
        <firstName>John</firstName>
        <lastName>Adler</lastName>
        <party>D</party>
        <state>NJ</state>
        <middleName>H.</middleName>
        <district>3</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>E000179</bioguideId>
        <fullName>Rep. Engel, Eliot L. [D-NY-17]</fullName>
        <firstName>ELIOT</firstName>
        <lastName>ENGEL</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>L.</middleName>
        <district>17</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001149</bioguideId>
        <fullName>Rep. Burton, Dan [R-IN-5]</fullName>
        <firstName>DAN</firstName>
        <lastName>BURTON</lastName>
        <party>R</party>
        <state>IN</state>
        <district>5</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>L000554</bioguideId>
        <fullName>Rep. LoBiondo, Frank A. [R-NJ-2]</fullName>
        <firstName>FRANK</firstName>
        <lastName>LOBIONDO</lastName>
        <party>R</party>
        <state>NJ</state>
        <middleName>A.</middleName>
        <district>2</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>N000002</bioguideId>
        <fullName>Rep. Nadler, Jerrold [D-NY-8]</fullName>
        <firstName>JERROLD</firstName>
        <lastName>NADLER</lastName>
        <party>D</party>
        <state>NY</state>
        <district>8</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>G000556</bioguideId>
        <fullName>Rep. Grayson, Alan [D-FL-8]</fullName>
        <firstName>Alan</firstName>
        <lastName>Grayson</lastName>
        <party>D</party>
        <state>FL</state>
        <district>8</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001231</bioguideId>
        <fullName>Rep. Berkley, Shelley [D-NV-1]</fullName>
        <firstName>SHELLEY</firstName>
        <lastName>BERKLEY</lastName>
        <party>D</party>
        <state>NV</state>
        <district>1</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>T000460</bioguideId>
        <fullName>Rep. Thompson, Mike [D-CA-1]</fullName>
        <firstName>MIKE</firstName>
        <lastName>THOMPSON</lastName>
        <party>D</party>
        <state>CA</state>
        <district>1</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H000324</bioguideId>
        <fullName>Rep. Hastings, Alcee L. [D-FL-23]</fullName>
        <firstName>ALCEE</firstName>
        <lastName>HASTINGS</lastName>
        <party>D</party>
        <state>FL</state>
        <middleName>L.</middleName>
        <district>23</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>W000792</bioguideId>
        <fullName>Rep. Weiner, Anthony D. [D-NY-9]</fullName>
        <firstName>ANTHONY</firstName>
        <lastName>WEINER</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>D.</middleName>
        <district>9</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001068</bioguideId>
        <fullName>Rep. Cohen, Steve [D-TN-9]</fullName>
        <firstName>Steve</firstName>
        <lastName>Cohen</lastName>
        <party>D</party>
        <state>TN</state>
        <district>9</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>K000372</bioguideId>
        <fullName>Rep. Kilroy, Mary Jo [D-OH-15]</fullName>
        <firstName>Mary Jo</firstName>
        <lastName>Kilroy</lastName>
        <party>D</party>
        <state>OH</state>
        <district>15</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H001039</bioguideId>
        <fullName>Rep. Hall, John J. [D-NY-19]</fullName>
        <firstName>John</firstName>
        <lastName>Hall</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>J.</middleName>
        <district>19</district>
        <sponsorshipDate>2009-07-31</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M001147</bioguideId>
        <fullName>Rep. McCotter, Thaddeus G. [R-MI-11]</fullName>
        <firstName>Thaddeus</firstName>
        <lastName>McCotter</lastName>
        <party>R</party>
        <state>MI</state>
        <middleName>G.</middleName>
        <district>11</district>
        <sponsorshipDate>2010-03-10</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>F000448</bioguideId>
        <fullName>Rep. Franks, Trent [R-AZ-2]</fullName>
        <firstName>Trent</firstName>
        <lastName>Franks</lastName>
        <party>R</party>
        <state>AZ</state>
        <district>2</district>
        <sponsorshipDate>2010-07-26</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Africa</name>
        </item>
        <item>
          <name>Arms control and nonproliferation</name>
        </item>
        <item>
          <name>Capital gains tax</name>
        </item>
        <item>
          <name>Credit and credit markets</name>
        </item>
        <item>
          <name>Government information and archives</name>
        </item>
        <item>
          <name>Income tax deferral</name>
        </item>
        <item>
          <name>Iran</name>
        </item>
        <item>
          <name>Middle East</name>
        </item>
        <item>
          <name>Military procurement, research, weapons development</name>
        </item>
        <item>
          <name>Mining</name>
        </item>
        <item>
          <name>Nuclear power</name>
        </item>
        <item>
          <name>Oil and gas</name>
        </item>
        <item>
          <name>Pipelines</name>
        </item>
        <item>
          <name>Securities</name>
        </item>
        <item>
          <name>Sudan</name>
        </item>
        <item>
          <name>Technology transfer and commercialization</name>
        </item>
        <item>
          <name>Terrorism</name>
        </item>
        <item>
          <name>U.S. and foreign investments</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2009-07-31</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2009-08-20T21:23:17Z</updateDate>
        <text><![CDATA[ <p>Enable Divestment from Sudan and Iran Act of 2009 - Amends the Internal Revenue Code to promote the divestment of investments in Iran or the Sudan by permitting the deferral of tax on gain from the sale of securities in any business that is engaged in certain discouraged activities in Iran or the Sudan if the holder of such securities purchases replacement securities from a business not engaged in such discouraged activities. </p> <p>Includes as discouraged activities in Iran: (1) investment of $20 million or more in the energy sector of Iran (i.e., petroleum, natural gas, or nuclear power) or in a person who provides Iran with oil or liquefied natural gas tankers or pipelines; (2) an extension of credit of $20 million or more to a person who invests in the energy sector of Iran; (3) investment that enhances Iran's ability to develop petroleum resources; (4) the sale of goods, services, technology, information, or support to Iran that allows it to maintain or expand its petroleum industry; or (5) providing Iran with refined petroleum resources.</p> <p>Defines &quot;Sudan discouraged activity&quot; as an investment in any business operation described in the Sudan Accountability and Divestment Act of 2007 (e.g., businesses engaged in power production activities, mineral extraction activities, oil-related activities, or the production of military equipment).</p> <p>Includes as an Iran or Sudan discouraged activity business transactions with or charitable donations to any Iranian or Sudanese person designated as a terrorist or to any foreign terrorist organization.</p> <p>Requires the Secretary of the Treasury to publish and update every six months a list of business entities engaging in any Sudan or Iran discouraged activities. </p>]]></text>
      </summary>
    </summaries>
    <title>Enable Divestment from Sudan and Iran Act of 2009</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Enable Divestment from Sudan and Iran Act of 2009</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to provide for rollover of gain from divesting certain qualified securities of business entities engaged in Iran or Sudan discouraged activities.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Enable Divestment from Sudan and Iran Act of 2009</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2009-07-31T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-111hr3516ih/xml/BILLS-111hr3516ih.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2009-07-31</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
    </latestAction>
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    <dc:language>EN</dc:language>
    <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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