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To amend the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to secure the authority of State and local governments to adopt and enforce measures restricting investment in business enterprises in Iran, and for other purposes.

USA115th CongressHR-3425| House 
| Updated: 7/26/2017
Ron DeSantis

Ron DeSantis

Republican Representative

Florida

Cosponsors (21)
Michael C. Burgess (Republican)Mark Meadows (Republican)Alexander X. Mooney (Republican)Steve Stivers (Republican)Lee M. Zeldin (Republican)John Ratcliffe (Republican)Paul Cook (Republican)Pete Sessions (Republican)Thomas A. Garrett (Republican)Mike Bishop (Republican)Todd Rokita (Republican)Jim Jordan (Republican)Mario Diaz-Balart (Republican)Doug Lamborn (Republican)Steve King (Republican)Chris Collins (Republican)John H. Rutherford (Republican)Mark Walker (Republican)Dennis A. Ross (Republican)Bill Posey (Republican)Francis Rooney (Republican)

Rules Committee, Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
State Sanctions Against Iranian Terrorism Act This bill amends the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to specify that a state may, in addition to limiting investment in Iran's energy sector, prohibit or limit any person from engaging in specified investment activities in Iran. A state may also enter into interstate compacts to prohibit or limit such financial activities. Enforcement of such measures may include the imposition of disclosure and transparency requirements. The description of "investment activities" is revised to: (1) reduce the threshold for financial involvement from $20 million to $10 million; and (2) include, in addition to the energy sector, involvement in a business enterprise in Iran, including an entity owned or controlled by the Iranian government. The bill declares that a state or local government measure authorized pursuant to the bill is: (1) authorized and not preempted by any federal law or regulation, or any policy, agreement, or exercise of waiver authority of the executive branch; and (2) is consistent with U.S. federal policy, including U.S. foreign policy. A state or local government may enforce a measure adopted before the enactment of this bill that: (1) provides for the divestment of state or local assets from, or prohibits the investment of those assets in, any person that engages in investment activities in Iran or other business activities in Iran identified in the measure; or (2) prohibits or limits any person from engaging in investment activities in Iran. State and local government authority to divest from certain companies that invest in Iran shall not terminate pursuant to a presidential certification if Congress, not later than 60 days after the date on which the President submits such certification, enacts a joint resolution disapproving such certification.
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Timeline
Jul 26, 2017
Introduced in House
Jul 26, 2017
Referred to the Committee on Financial Services, and in addition to the Committee on Rules, 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.
  • July 26, 2017
    Introduced in House


  • July 26, 2017
    Referred to the Committee on Financial Services, and in addition to the Committee on Rules, 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.

International Affairs

Congressional oversightIntergovernmental relationsIranLegislative rules and procedureMiddle EastSanctionsState and local financeState and local government operationsTrade restrictionsU.S. and foreign investments

To amend the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to secure the authority of State and local governments to adopt and enforce measures restricting investment in business enterprises in Iran, and for other purposes.

USA115th CongressHR-3425| House 
| Updated: 7/26/2017
State Sanctions Against Iranian Terrorism Act This bill amends the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to specify that a state may, in addition to limiting investment in Iran's energy sector, prohibit or limit any person from engaging in specified investment activities in Iran. A state may also enter into interstate compacts to prohibit or limit such financial activities. Enforcement of such measures may include the imposition of disclosure and transparency requirements. The description of "investment activities" is revised to: (1) reduce the threshold for financial involvement from $20 million to $10 million; and (2) include, in addition to the energy sector, involvement in a business enterprise in Iran, including an entity owned or controlled by the Iranian government. The bill declares that a state or local government measure authorized pursuant to the bill is: (1) authorized and not preempted by any federal law or regulation, or any policy, agreement, or exercise of waiver authority of the executive branch; and (2) is consistent with U.S. federal policy, including U.S. foreign policy. A state or local government may enforce a measure adopted before the enactment of this bill that: (1) provides for the divestment of state or local assets from, or prohibits the investment of those assets in, any person that engages in investment activities in Iran or other business activities in Iran identified in the measure; or (2) prohibits or limits any person from engaging in investment activities in Iran. State and local government authority to divest from certain companies that invest in Iran shall not terminate pursuant to a presidential certification if Congress, not later than 60 days after the date on which the President submits such certification, enacts a joint resolution disapproving such certification.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 26, 2017
Introduced in House
Jul 26, 2017
Referred to the Committee on Financial Services, and in addition to the Committee on Rules, 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.
  • July 26, 2017
    Introduced in House


  • July 26, 2017
    Referred to the Committee on Financial Services, and in addition to the Committee on Rules, 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.
Ron DeSantis

Ron DeSantis

Republican Representative

Florida

Cosponsors (21)
Michael C. Burgess (Republican)Mark Meadows (Republican)Alexander X. Mooney (Republican)Steve Stivers (Republican)Lee M. Zeldin (Republican)John Ratcliffe (Republican)Paul Cook (Republican)Pete Sessions (Republican)Thomas A. Garrett (Republican)Mike Bishop (Republican)Todd Rokita (Republican)Jim Jordan (Republican)Mario Diaz-Balart (Republican)Doug Lamborn (Republican)Steve King (Republican)Chris Collins (Republican)John H. Rutherford (Republican)Mark Walker (Republican)Dennis A. Ross (Republican)Bill Posey (Republican)Francis Rooney (Republican)

Rules Committee, Financial Services Committee

International Affairs

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Congressional oversightIntergovernmental relationsIranLegislative rules and procedureMiddle EastSanctionsState and local financeState and local government operationsTrade restrictionsU.S. and foreign investments