3.0.0 2958 2024-07-24T15:22:27Z 2024-07-24T15:22:27Z House H HR 2023-04-27 118 [Congressional Record Volume 169, Number 71 (Thursday, April 27, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LAMBORN:H.R. 2958.Congress has the power to enact this legislation pursuantto the following:Art. 1, Sec. 8 ``To regulate commerce with foreign nations. . .''The single subject of this legislation is:Modifies Section 301(a) of the Iran Threat Reduction andSyria Human Rights Act of 2012 to close loopholes and requireregular reviews of sanctions to ensure sanctions are appliedto intended, individuals, organizations, and entities.[Page H2087]]]> hsju00 Judiciary Committee House Standing Referred to 2023-04-27T13:08:00Z hsfa00 Foreign Affairs Committee House Standing Referred to 2023-04-27T13:07:50Z Maximum Pressure Act 118 6114 HR 2023-10-30 Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Ways and Means, Oversight and Accountability, Financial Services, Rules, and Intelligence (Permanent Select), 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. Related bill CRS 2023-04-27 Referred to the Committee on Foreign Affairs, and in addition to the Committee on 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 2023-04-27 Referred to the Committee on Foreign Affairs, and in addition to the Committee on 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 2023-04-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-04-27 Introduced in House IntroReferral 1000 9 Library of Congress L000564 Rep. Lamborn, Doug [R-CO-5] Doug Lamborn R CO 5 N H001082 Rep. Hern, Kevin [R-OK-1] Kevin Hern R OK 1 2023-04-27 True International Affairs International Affairs 2023-05-11T13:01:08Z 00 2023-04-27 Introduced in House 2024-03-25T20:07:12Z Closing IRGC Sanctions Loopholes Act

This bill expands sanctions on those associated with Iran's Revolutionary Guard Corps (IRGC).

Current law requires the President to identify foreign persons (individuals and entities) that are officials, agents, or affiliates of the IRGC and impose visa- and property-blocking sanctions on them. The bill expands this requirement to include identifying and sanctioning foreign persons that are owned or controlled by the IRGC. The President must also identify foreign persons attempting to conduct sensitive transactions or activities on behalf of such IRGC-associated persons.

The bill expands the definition of sensitive transactions or activities, which are used to identify persons potentially subject to sanctions, to include transactions providing support for an act of international terrorism or providing material support to (1) a foreign terrorist organization, (2) a foreign person sanctioned under Executive Order 13224 (related to sanctioning those who commit or support terrorism), or (3) the Syrian government or its agencies or instrumentalities. Additionally, the bill lowers the threshold for financial transactions involving non-Iranian financial institutions to qualify as a sensitive transaction from $1,000,000 to $500,000 per year and adds similar transactions involving Iranian financial institutions.

The bill requires the President to investigate certain categories of foreign persons to determine if they are subject to these sanctions (versus prioritizing such investigations as under current law). The bill also adds foreign persons listed in specified attachments to U.N. Security Council Resolution 2231 (concerning Iran's nuclear program) as a new category the President must investigate to determine if there are any sanctionable relationships to the IRGC.



]]> Closing IRGC Sanctions Loopholes Act Display Title 45 Closing IRGC Sanctions Loopholes Act 2024-07-24T15:22:27Z Short Title(s) as Introduced 101 Closing IRGC Sanctions Loopholes Act 2024-05-24T13:40:27Z Introduced in House IH Official Title as Introduced 6 To provide for additional sanctions with respect to foreign persons that are officials, agents, or affiliates of, or owned or controlled by, Iran's Revolutionary Guard Corps. 2024-03-18T20:41:38Z Introduced in House IH Introduced in House 2023-04-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr2958ih/xml/BILLS-118hr2958ih.xml 2023-04-27 Referred to the Committee on Foreign Affairs, and in addition to the Committee on 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. 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.