3.0.0 4258 2023-01-11T13:32:27Z 2023-01-11T13:32:27Z House HR 2015-12-15 114 [Congressional Record Volume 161, Number 182 (Tuesday, December 15, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ROSKAM:H.R. 4258.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1: ``The Congress shall havePower To . . . provide for the common Defence and generalWelfare of the United States.''Article I, Section 8, Clause 3: ``The Congress shall havethe Power . . . To regulate Commerce with foreign Nations,and among the several States, and with the Indian Tribes.''Article I, Section 8, Clause 18: ``The Congress shall havethe Power . . . To make all Laws which shall be necessary andproper for carrying into Execution the foregoing Powers, andall other Powers vested by this Constitution in theGovernment of the United States, or in any Department ofOfficer thereof.''Tenth Amendment: ``The powers not delegated to the UnitedStates by the Constitution, nor prohibited by it to theStates, are reserved to the States respectively, or to thepeople.''[Page H9328]]]> hsba00 Financial Services Committee House Standing Referred to 2015-12-15T17:02:25Z hsfa00 Foreign Affairs Committee House Standing Referred to 2015-12-15T17:02:20Z 2015-12-15 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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 2015-12-15 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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 2015-12-15 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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 2015-12-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-12-15 Introduced in House IntroReferral 1000 9 Library of Congress R000580 Rep. Roskam, Peter J. [R-IL-6] Peter Roskam R IL J. 6 N N000181 Rep. Nunes, Devin [R-CA-22] Devin Nunes R CA 22 2015-12-15 True P000602 Rep. Pompeo, Mike [R-KS-4] Mike Pompeo R KS 4 2015-12-15 True Z000017 Rep. Zeldin, Lee M. [R-NY-1] Lee Zeldin R NY M. 1 2015-12-15 True P000606 Rep. Pittenger, Robert [R-NC-9] Robert Pittenger R NC 9 2016-01-06 False International Affairs Corporate finance and management Foreign property Iran Middle East Sanctions State and local finance Trade restrictions U.S. and foreign investments International Affairs 00 2015-12-15 Introduced in House 2016-01-12T20:35:18Z Quarantining the Ayatollah's State-Sponsored Aggression and Militancy (QASSAM) Act

This bill directs the President to block all property and property interest transactions of an entity that is U.S-located or controlled by a U.S. person if it is at least 20% owned by Iran's Revolutionary Guard Corps (IRGC), regardless of whether the entity itself is included on the list of specially designated nationals and blocked persons maintained by the Department of the Treasury Office of Foreign Assets Control.

Treasury shall establish and publish in the Federal Register a list of each entity with respect to which the IRGC:

  • owns any interest that is less than 20%; or
  • does not own any interest but maintains a presence on the board of directors or otherwise influences the entity's actions, policies, or personnel decisions.

The Iran Threat Reduction and Syria Human Rights Act of 2012 is amended to express the sense of Congress that the United States should support any state or local government that for moral, prudential, or reputational reasons divests from, or prohibits the investment of its assets in, any person that engages in investment or business activities with the IRGC or IRGC-related companies, as long as the IRGC is subject to U.S. economic sanctions.

A state or local government may adopt and enforce specified divestment or investment prohibition measures. It is the sense of Congress that a state or local government should not adopt such a measure against a person unless it has made every effort to avoid erroneously targeting such person.

]]> Quarantining the Ayatollah's State-Sponsored Aggression and Militancy (QASSAM) Act Display Title Quarantining the Ayatollah's State-Sponsored Aggression and Militancy (QASSAM) Act Official Title as Introduced To impose sanctions against any entity with respect to which Iran's Revolutionary Guard Corps owns, directly or indirectly, a 20 percent or greater interest in the entity, and for other purposes. Introduced in House IH Short Titles as Introduced Quarantining the Ayatollah's State-Sponsored Aggression and Militancy (QASSAM) Act Introduced in House 2015-12-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4258ih/xml/BILLS-114hr4258ih.xml 2015-12-15 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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/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.