3.0.0 1540 2023-01-11T13:28:04Z 2023-01-11T13:28:04Z House HR 2015-03-23 114 [Congressional Record Volume 161, Number 48 (Monday, March 23, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FRANKS of Arizona:H.R. 1540.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the Constitution[Page H1849]]]> hswm00 Ways and Means Committee House Standing hswm04 Trade Subcommittee Referred to 2015-04-07T21:39:01Z Referred to 2015-03-23T16:01:35Z hsju00 Judiciary Committee House Standing Referred to 2015-03-23T16:01:30Z hsgo00 Oversight and Accountability Committee House Standing Referred to 2015-03-23T16:01:25Z hsba00 Financial Services Committee House Standing Referred to 2015-03-23T16:01:20Z hsfa00 Foreign Affairs Committee House Standing Referred to 2015-03-23T16:01:15Z SISA Act 114 825 S 2015-03-19 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Identical bill CRS 2015-04-07 hswm04 Trade Subcommittee 1 House committee actions Referred to the Subcommittee on Trade. Committee 2015-03-23 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Oversight and Government Reform, the Judiciary, and Ways and Means, 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 hswm00 Ways and Means Committee 2015-03-23 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Oversight and Government Reform, the Judiciary, and Ways and Means, 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 2015-03-23 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Oversight and Government Reform, the Judiciary, and Ways and Means, 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 hsgo00 Oversight and Accountability Committee 2015-03-23 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Oversight and Government Reform, the Judiciary, and Ways and Means, 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 2015-03-23 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Oversight and Government Reform, the Judiciary, and Ways and Means, 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-A 9 Library of Congress 2015-03-23 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Oversight and Government Reform, the Judiciary, and Ways and Means, 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 2015-03-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-03-23 Introduced in House IntroReferral 1000 9 Library of Congress F000448 Rep. Franks, Trent [R-AZ-8] Trent Franks R AZ 8 N International Affairs Argentina Arms control and nonproliferation Bank accounts, deposits, capital Congressional oversight Currency Detention of persons Diplomacy, foreign officials, Americans abroad Foreign and international banking Foreign property Fraud offenses and financial crimes Government liability Human rights Insurance industry and regulation International law and treaties Iran Israel Latin America Manufacturing Marine and inland water transportation Metals Middle East Motor vehicles Navigation, waterways, harbors New York City Nuclear weapons Oil and gas Presidents and presidential powers, Vice Presidents Public contracts and procurement Religion Sanctions Saudi Arabia Terrorism Trade restrictions International Affairs 00 2015-03-23 Introduced in House 2015-04-16T14:34:54Z Sanction Iran, Safeguard America Act of 2015 or the SISA Act

Amends the Iran Sanctions Act of 1996, the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, the National Defense Authorization Act for Fiscal Year 2012, the Iran Threat Reduction and Syria Human Rights Act of 2012, and the Iran Freedom and Counter-Proliferation Act of 2012 to eliminate authority to waive sanctions relating to:

  • transportation of crude oil from Iran;
  • financial institutions that engage in certain transactions;
  • the financial sector of Iran;
  • persons that support or conduct certain transactions with Iran's Revolutionary Guard Corps and other sanctioned persons;
  • the sale, supply, or transfer of certain materials to or from Iran;
  • the provision of underwriting services or insurance or reinsurance for activities or persons with respect to which sanctions have been imposed; and
  • foreign financial institutions that facilitate financial transactions on behalf of specially designated nationals.

Amends the Iran Threat Reduction and Syria Human Rights Act of 2012 to direct the President to prohibit any correspondent account or a payable-through account opened and maintained in the United States by a foreign financial institution that has knowingly conducted or facilitated any significant financial transaction, on or after July 31, 2012, for the purchase, acquisition, sale, transport, or marketing of petroleum, petroleum products, or petrochemical products from Iran. Requires the imposition on violators of specified sanctions under the Iran Sanctions Act of 1996.

Directs the President to block and prohibit all transactions in property and interests in property in or that enter the United States (or the possession or control of a U.S. person) of any person that has, on or after July 31, 2012, materially assisted, sponsored, or provided financial support or related goods or services for the National Iranian Oil Company, the Naftiran Intertrade Company, or the Central Bank of Iran.

Directs the President also to block and prohibit similar transactions involving the purchase or acquisition of U.S. bank notes or precious metals by the government of Iran.

Amends the Iran Freedom and Counter-Proliferation Act of 2012 to direct the President to block and prohibit similar transactions involving any Iranian person included on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury.

Directs the President to impose specified sanctions with respect to: (1) a person that has, on or after June 1, 2013, knowingly engaged in a significant financial transaction in connection with the automotive sector of Iran; (2) any related correspondent account or a payable-through account held by a foreign financial institution that has knowingly facilitated such a transaction; and (3) any foreign financial institution that has knowingly facilitated a significant financial transaction on behalf of any blocked person or specially designated Iranian national.

Requires revision of the Federal Acquisition Regulation to require a certification from each prospective federal contractor that is part of the automotive sector of any foreign country, that the prospective contractor (and any person owned or controlled by it): (1) does not have a business relationship with the government of Iran; and (2) has not, in the previous 90 days, conducted any transaction with an Iranian person or any entity owned or controlled by one.

Amends the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to prohibit importation into the United States of refined petroleum products made using Iranian origin crude oil regardless of whether the crude oil was commingled with crude oil not of Iranian origin. Prohibits any regulatory exception to the prohibition on direct or indirect imports from Iran.

Amends the National Defense Authorization Act for Fiscal Year 2012 with respect to sanctions on petroleum transactions.

Directs the President to block and prohibit all activities or transactions that contribute materially, or pose a risk of material contribution, to the proliferation of weapons of mass destruction or the means to deliver them.

Prohibits any obligation or expenditure of authorized appropriations for negotiations with Iran until a join resolution has been enacted making specified certifications.

Prohibits the President from terminating Iran's designation as a state sponsor of terrorism unless:

  • the President submits to Congress a notice of intent to terminate such designation and a required certification, and
  • there is enacted into law a joint resolution approving the termination of the designation.

Extends the Iran Sanctions Act of 1996.

]]> SISA Act Display Title SISA Act Official Title as Introduced To terminate the authority to waive certain provisions of law requiring the imposition of sanctions with respect to Iran, to codify certain sanctions imposed by Executive order, and for other purposes. Introduced in House IH Short Titles as Introduced SISA Act Short Titles as Introduced Sanction Iran, Safeguard America Act of 2015 Introduced in House 2015-03-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr1540ih/xml/BILLS-114hr1540ih.xml 2015-04-07 Referred to the Subcommittee on Trade. 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.