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Iranian Revolutionary Guard Corps Economic Exclusion Act

USA116th CongressS-925| Senate 
| Updated: 3/28/2019
John Cornyn

John Cornyn

Republican Senator

Texas

Cosponsors (5)
Thomas Tillis (Republican)Kyrsten Sinema (Independent)Deb Fischer (Republican)Susan M. Collins (Republican)Marco Rubio (Republican)

Foreign Relations Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Iranian Revolutionary Guard Corps Economic Exclusion Act This bill expands sanctions and reporting requirements related to Iran's Revolutionary Guard Corps (IRGC), a branch of the Iranian armed forces that the Department of State has designated as a foreign terrorist organization. The President shall identify foreign persons and entities that have conducted one or more sensitive transactions or activities related to the IRGC as well as entities owned or controlled by the IRGC and impose property- and visa-blocking sanctions on them. The bill expands the definition of a "sensitive transaction or activity" to include transactions to provide material support for (1) a designated foreign terrorist organization, (2) a foreign person or entity whose property and interests have been blocked pursuant to an executive order related to those who commit or threaten terrorist acts, or (5) the Syrian government or any agency or entity owned or controlled by the Syrian government. The bill also expands existing sanctions to cover foreign persons and entities that knowingly provided significant financial services to an Iranian person or entity that (1) has been designated as a foreign terrorist organization, (2) has provided support for an act of international terrorism, or (3) is subject to sanctions pursuant to various executive orders. The President shall report to Congress on whether specified entities, such as the Telecommunication Company of Iran and the Iran Mineral Products Company, are owned or controlled by the IRGC. The bill imposes other reporting requirements, including an analysis of how supply chains in Iran and abroad aid the IRGC.
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Timeline
Mar 28, 2019
Introduced in Senate
Mar 28, 2019
Read twice and referred to the Committee on Foreign Relations.
  • March 28, 2019
    Introduced in Senate


  • March 28, 2019
    Read twice and referred to the Committee on Foreign Relations.

International Affairs

Related Bills

  • HR 116-2118: Iran Ballistic Missiles and International Sanctions Enforcement Act
Aviation and airportsBank accounts, deposits, capitalConflicts and warsCongressional oversightDiplomacy, foreign officials, Americans abroadForeign aid and international reliefForeign and international bankingForeign and international corporationsForeign propertyFree trade and trade barriersGovernment information and archivesGovernment studies and investigationsInternational organizations and cooperationIranLicensing and registrationsMiddle EastMilitary assistance, sales, and agreementsPresidents and presidential powers, Vice PresidentsSanctionsSyriaTerrorismWar and emergency powers

Iranian Revolutionary Guard Corps Economic Exclusion Act

USA116th CongressS-925| Senate 
| Updated: 3/28/2019
Iranian Revolutionary Guard Corps Economic Exclusion Act This bill expands sanctions and reporting requirements related to Iran's Revolutionary Guard Corps (IRGC), a branch of the Iranian armed forces that the Department of State has designated as a foreign terrorist organization. The President shall identify foreign persons and entities that have conducted one or more sensitive transactions or activities related to the IRGC as well as entities owned or controlled by the IRGC and impose property- and visa-blocking sanctions on them. The bill expands the definition of a "sensitive transaction or activity" to include transactions to provide material support for (1) a designated foreign terrorist organization, (2) a foreign person or entity whose property and interests have been blocked pursuant to an executive order related to those who commit or threaten terrorist acts, or (5) the Syrian government or any agency or entity owned or controlled by the Syrian government. The bill also expands existing sanctions to cover foreign persons and entities that knowingly provided significant financial services to an Iranian person or entity that (1) has been designated as a foreign terrorist organization, (2) has provided support for an act of international terrorism, or (3) is subject to sanctions pursuant to various executive orders. The President shall report to Congress on whether specified entities, such as the Telecommunication Company of Iran and the Iran Mineral Products Company, are owned or controlled by the IRGC. The bill imposes other reporting requirements, including an analysis of how supply chains in Iran and abroad aid the IRGC.
View Full Text

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Timeline
Mar 28, 2019
Introduced in Senate
Mar 28, 2019
Read twice and referred to the Committee on Foreign Relations.
  • March 28, 2019
    Introduced in Senate


  • March 28, 2019
    Read twice and referred to the Committee on Foreign Relations.
John Cornyn

John Cornyn

Republican Senator

Texas

Cosponsors (5)
Thomas Tillis (Republican)Kyrsten Sinema (Independent)Deb Fischer (Republican)Susan M. Collins (Republican)Marco Rubio (Republican)

Foreign Relations Committee

International Affairs

Related Bills

  • HR 116-2118: Iran Ballistic Missiles and International Sanctions Enforcement Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Aviation and airportsBank accounts, deposits, capitalConflicts and warsCongressional oversightDiplomacy, foreign officials, Americans abroadForeign aid and international reliefForeign and international bankingForeign and international corporationsForeign propertyFree trade and trade barriersGovernment information and archivesGovernment studies and investigationsInternational organizations and cooperationIranLicensing and registrationsMiddle EastMilitary assistance, sales, and agreementsPresidents and presidential powers, Vice PresidentsSanctionsSyriaTerrorismWar and emergency powers