Stop Corrupt Iranian Oligarchs and Entities Act

United States118th CongressHR-931House of Representatives
Updated: Feb 9, 2023

Summary

Stop Corrupt Iranian Oligarchs and Entities Act This bill directs the Department of the Treasury to report to Congress on Iranian individuals and parastatal entities that have close relationships with the Iranian government. The report must include information regarding (1) their known sources of income, (2) their indices of corruption, (3) their involvement in key U.S. economic sectors, (4) the structures and ownership of the parastatal groups, and (5) the potential effects of imposing sanctions on these entities and individuals. For the purposes of this bill, an Iranaian parastatal entity is one (1) in which Iranian state ownership is at least 25%, and (2) that had revenues of at least $2 billion in 2016.

Bill texts

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Introduced (House)View official text

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Timeline

  1. 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.

    House of Representatives

  2. Introduced in House

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