3.0.0 4008 2023-01-11T13:21:08Z 2023-01-11T13:21:08Z Senate S S 2010-12-03 111 ssfi00 Finance Committee Senate Standing Referred to 2010-12-03T20:37:29Z Stop Iran's Nuclear Weapons Program Act of 2010 111 6296 HR 2010-12-20 Referred to the Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law. Related bill CRS 2010-12-03 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-12-03 Introduced in Senate IntroReferral 10000 9 Library of Congress C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA N B001268 Sen. Brown, Scott P. [R-MA] Scott Brown R MA P. 2010-12-03 True Foreign Trade and International Finance Administrative law and regulatory procedures Arms control and nonproliferation Business investment and capital Capital gains tax Congressional oversight Department of Homeland Security Employee benefits and pensions Financial services and investments Foreign and international corporations Foreign loans and debt Government employee pay, benefits, personnel management Government information and archives Government lending and loan guarantees Income tax deductions Iran Middle East Military personnel and dependents Mining Nuclear weapons Oil and gas Presidents and presidential powers, Vice Presidents Public contracts and procurement Sanctions Securities Technology transfer and commercialization Terrorism Trade restrictions U.S. and foreign investments Visas and passports Foreign Trade and International Finance 00 2010-12-03 Introduced in Senate 2010-12-30T16:20:12Z Stop Iran's Nuclear Weapons Program Act of 2010 - Amends the Iran Sanctions Act of 1996 to provide for the imposition of three or more sanctions with respect to a person who knowingly: (1) enters into an agreement relating to the purchase of petroleum resources from, or delivery of petroleum resources to, Iran; or (2) purchases, subscribes to, or facilitates the issuance of Iranian sovereign debt.

Imposes sanctions with respect to facilitating the extraction or milling of uranium ore in Iran.

Subjects a parent entity, with specified exceptions, to penalties for violations of certain sanctions regarding Iran committed by a subsidiary outside of the United States that would be subject to prohibitions if committed inside the United States or by a U.S. person.

Amends the Internal Revenue Code to eliminate the amortization of geological and geophysical expenditure tax incentives if certain sanctions regarding the development of Iranian petroleum resources are imposed on any member of an expanded affiliated group whose common parent is a foreign corporation.

Amends the Immigration and Nationality Act to make inadmissible certain aliens who engage in activities with Iran for which there are sanctions.

Imposes sanctions on affiliates of Iran's Revolutionary Guard Corps (IRGC) and excludes any such affiliates from the United States. Requires additional measures (including foreign assistance, arms, import, and export restrictions) to be taken against a foreign government so identified.

Amends the Internal Revenue Code to promote the divestment of investments in Iran 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 if the holder of such securities purchases replacement securities from a business not engaged in such discouraged activities.

Expands the the prohibition on U.S. government contracts for persons conducting business with Iran to include contracts that provide: (1) for the export of sensitive technology (any technology determined to be used specifically to either restrict the free flow of unbiased information in Iran or disrupt, monitor, or otherwise restrict speech of the people of Iran); and (2) support to the IRGC.

Requires the head of each executive agency to require any person seeking federal grants, loans or loan guarantees, insurance or reinsurance, or technical assistance from the agency to certify that the person does not engage in specified activities with Iran.

]]> Stop Iran's Nuclear Weapons Program Act of 2010 Display Title Stop Iran's Nuclear Weapons Program Act of 2010 Official Title as Introduced A bill to enhance United States diplomatic efforts with respect to Iran by imposing additional economic sanctions against Iran, and for other purposes. Introduced in Senate IS Short Titles as Introduced Stop Iran's Nuclear Weapons Program Act of 2010 Introduced in Senate 2010-12-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s4008is/xml/BILLS-111s4008is.xml 2010-12-03 Read twice and referred to the Committee on Finance. text/xml EN 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. Congressional Research Service, Library of Congress 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.