3.0.0 4070 2019-11-15T21:32:29Z 2019-11-15T21:32:29Z House H HR 2012-02-16 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. TURNER of New York:H.R. 4070.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 9 of the Constitution of theUnited States:[The Congress shall have Power] To constitute Tribunalsinferior to the supreme Court;Article I, Section 8, Clause 18 of the Constitution of theUnited StatesThe Congress shall have Power to make all Laws which shallbe necessary and proper for carrying into Execution theforgoing Powers, and all other Powers vested by thisConstitution in the Government of the United States or in anyDepartment or Officer thereof.[Page H903]]]> hsju00 Judiciary Committee House Standing hsju03 Courts, Intellectual Property, and the Internet Subcommittee Referred to 2012-02-28T19:36:06Z Referred to 2012-02-16T15:02:40Z hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Referred to 2012-02-23T21:31:46Z hsba04 Housing and Insurance Subcommittee Referred to 2012-02-23T21:31:36Z Referred to 2012-02-16T15:02:35Z hsfa00 Foreign Affairs Committee House Standing Referred to 2012-02-16T15:02:30Z 2012-02-28 hsju03 Courts, Intellectual Property, and the Internet Subcommittee 1 House committee actions Referred to the Subcommittee on Courts, Commercial and Administrative Law. Committee 2012-02-23 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2012-02-23 hsba04 Housing and Insurance Subcommittee 1 House committee actions Referred to the Subcommittee on Insurance, Housing and Community Opportunity. Committee 2012-02-16 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, and the Judiciary, 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. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2012-02-16 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, and the Judiciary, 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2012-02-16 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, and the Judiciary, 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. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2012-02-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-02-16 Introduced in House IntroReferral 1000 9 Library of Congress T000471 Rep. Turner, Robert L. [R-NY-9] Robert Turner R NY L. 9 N B001262 Rep. Broun, Paul C. [R-GA-10] Paul Broun R GA C. 10 2012-02-21 False S000344 Rep. Sherman, Brad [D-CA-27] BRAD SHERMAN D CA 27 2012-02-21 False A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2012-02-28 False P000599 Rep. Posey, Bill [R-FL-15] Bill Posey R FL 15 2012-02-28 False J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2012-02-29 False D000604 Rep. Dent, Charles W. [R-PA-15] Charles Dent R PA W. 15 2012-02-29 False R000435 Rep. Ros-Lehtinen, Ileana [R-FL-18] ILEANA ROS-LEHTINEN R FL 18 2012-03-01 False C000556 Rep. Coble, Howard [R-NC-6] HOWARD COBLE R NC 6 2012-03-01 False B001259 Rep. Braley, Bruce L. [D-IA-1] Bruce Braley D IA L. 1 2012-03-05 False R000593 Rep. Ross, Dennis A. [R-FL-12] Dennis Ross R FL A. 12 2012-03-06 False W000807 Rep. West, Allen B. [R-FL-22] Allen West R FL B. 22 2012-03-06 False N000185 Rep. Nugent, Richard B. [R-FL-5] Richard Nugent R FL B. 5 2012-03-07 False M001147 Rep. McCotter, Thaddeus G. [R-MI-11] Thaddeus McCotter R MI G. 11 2012-03-07 False B001273 Rep. Black, Diane [R-TN-6] Diane Black R TN 6 2012-03-07 False S001184 Rep. Scott, Tim [R-SC-1] Tim Scott R SC 1 2012-03-21 False R000594 Rep. Runyan, Jon [R-NJ-3] Jon Runyan R NJ 3 2012-03-22 False S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2012-03-22 False F000445 Rep. Forbes, J. Randy [R-VA-4] J. Forbes R VA Randy 4 2012-03-22 False F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2012-03-26 False C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 2012-03-27 False W000808 Rep. Wilson, Frederica S. [D-FL-17] Frederica Wilson D FL S. 17 2012-04-16 False C001078 Rep. Connolly, Gerald E. [D-VA-11] Gerald Connolly D VA E. 11 2012-04-16 False R000462 Rep. Rothman, Steven R. [D-NJ-9] STEVEN ROTHMAN D NJ R. 9 2012-04-16 False R000577 Rep. Ryan, Tim [D-OH-17] TIM RYAN D OH 17 2012-04-17 False A000365 Rep. Austria, Steve [R-OH-7] Steve Austria R OH 7 2012-04-24 False B001252 Rep. Barrow, John [D-GA-12] John Barrow D GA 12 2012-04-24 False M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2012-04-26 False T000326 Rep. Towns, Edolphus [D-NY-10] EDOLPHUS TOWNS D NY 10 2012-04-26 False D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2012-05-07 False R000581 Rep. Richardson, Laura [D-CA-37] Laura Richardson D CA 37 2012-05-07 False B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 2012-05-07 False R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2012-05-07 False G000569 Rep. Grimm, Michael G. [R-NY-13] Michael Grimm R NY G. 13 2012-05-07 False R000590 Rep. Rivera, David [R-FL-25] David Rivera R FL 25 2012-05-07 False R000575 Rep. Rogers, Mike D. [R-AL-3] Mike Rogers R AL 3 2012-05-15 False S001186 Rep. Southerland, Steve II [R-FL-2] Steve Southerland R FL 2 2012-05-16 False S001182 Rep. Schilling, Robert T. [R-IL-17] Robert Schilling R IL T. 17 2012-05-17 False W000795 Rep. Wilson, Joe [R-SC-2] Joe Wilson R SC 2 2012-05-18 False P000096 Rep. Pascrell, Bill, Jr. [D-NJ-8] WILLIAM PASCRELL D NJ J. 8 2012-05-18 False P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 2012-05-31 False C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2012-06-06 False N000179 Rep. Napolitano, Grace F. [D-CA-38] GRACE NAPOLITANO D CA F. 38 2012-06-06 False H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2012-06-18 False H001062 Rep. Hochul, Kathleen C. [D-NY-26] Kathleen Hochul D NY C. 26 2012-06-18 False O000169 Rep. Owens, William L. [D-NY-23] William Owens D NY L. 23 2012-06-20 False H001047 Rep. Himes, James A. [D-CT-4] James Himes D CT A. 4 2012-06-21 False B001230 Rep. Baldwin, Tammy [D-WI-2] Tammy Baldwin D WI 2 2012-06-21 False M000689 Rep. Mica, John L. [R-FL-7] JOHN MICA R FL L. 7 2012-06-25 False G000567 Rep. Griffin, Tim [R-AR-2] Tim Griffin R AR 2 2012-07-09 False M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2012-07-09 False P000585 Rep. Platts, Todd Russell [R-PA-19] TODD PLATTS R PA RUSSELL 19 2012-07-10 False H001042 Rep. Hirono, Mazie K. [D-HI-2] Mazie Hirono D HI K. 2 2012-07-17 False B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2012-07-17 False K000210 Rep. King, Peter T. [R-NY-3] PETER KING R NY T. 3 2012-07-18 False M001169 Rep. Murphy, Christopher [D-CT-5] Christopher Murphy D CT S. 5 2012-07-24 False M001151 Rep. Murphy, Tim [R-PA-18] Tim Murphy R PA 18 2012-07-31 False International Affairs Arms control and nonproliferation Bank accounts, deposits, capital Foreign and international banking Iran Middle East Sanctions Securities Trade restrictions U.S. and foreign investments International Affairs 00 2012-02-16 Introduced in House 2012-02-21T19:07:01Z States that the property interest of Iran in: (1) a blocked asset shall include an interest in property of any nature whatsoever, including any direct or indirect interest in securities or other financial assets immobilized or in any other manner held in book entry form and credited to a securities account in the United States, or in any funds transfers held in a U.S. financial institution; (2) securities or other financial assets immobilized or in any other manner held in book entry form and credited to a securities account in the United States shall be deemed to exist at every tier of securities intermediary necessary to hold an interest in any such securities or other financial assets; and (3) a funds transfer shall exist at any intermediary bank necessary to complete such funds transfer.

States that property of Iran shall be deemed to be property in the United States of Iran if that property is: (1) an interest, held for Iran's benefit or for the benefit of any securities intermediary that directly or indirectly holds the interest for Iran's benefit, in securities or other financial assets that are represented by certificates or are in other physical form and are immobilized, custodized, or held for safekeeping or any other reason in the United States; or (2) an interest in securities or other financial assets held in book entry form or otherwise, and credited to a securities account in the United States by any securities intermediary directly or indirectly for Iran's benefit or for the benefit of any other securities intermediary that directly or indirectly holds the interest for Iran's benefit.

States that: (1) an interest in securities or other financial assets is held and credited to a securities account in the United States by a securities intermediary if the securities intermediary is located in the United States; and (2) ownership by Iran, or its central bank or monetary authority, of any property shall be deemed to be commercial activity in the United States and that property, including any interest in that property, shall be deemed not to be held for the central bank's or monetary authority's own account.

Revises provisions regarding exceptions to the immunity from attachment or execution of a foreign state's property in the United States.

]]> To clarify certain provisions relating to the interests of Iran in certain assets, and for other purposes. Display Title To clarify certain provisions relating to the interests of Iran in certain assets, and for other purposes. Official Title as Introduced To clarify certain provisions relating to the interests of Iran in certain assets, and for other purposes. Introduced in House 2012-02-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr4070ih/xml/BILLS-112hr4070ih.xml 2012-02-28 Referred to the Subcommittee on Courts, Commercial and Administrative Law. 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.