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Stop Corrupt Iranian Oligarchs and Entities Act

USA119th CongressHR-348| House 
| Updated: 1/13/2025
David Kustoff

David Kustoff

Republican Representative

Tennessee

Cosponsors (4)
Michael Baumgartner (Republican)Thomas R. Suozzi (Democratic)Abraham J. Hamadeh (Republican)Josh Gottheimer (Democratic)

Foreign Affairs Committee, Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, titled the "Stop Corrupt Iranian Oligarchs and Entities Act," requires the Secretary of the Treasury, in consultation with the Director of National Intelligence and the Secretary of State, to submit a comprehensive report to Congress within 180 days of enactment. The report focuses on identifying and analyzing senior foreign political figures and oligarchs in Iran , as well as Iranian parastatal entities . For Iranian oligarchs, the report must identify the most significant figures, estimate their net worth, assess their relationships with the Iranian ruling elite, and detail any indices of corruption. It also requires information on their known sources of income, including family members, and their non-Iranian business affiliations. This aims to expose the financial networks and influence of these individuals. Regarding Iranian parastatal entities, the report must assess their emergence and role in the Iranian economy, their leadership structures, and beneficial ownership. It also requires identification of their non-Iranian business affiliations. Furthermore, the report will analyze the exposure of key United States economic sectors to these Iranian entities and politically affiliated persons, and evaluate the likely effects of imposing debt and equity restrictions or adding them to the Specially Designated Nationals list.
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Timeline

Bill from Previous Congress

HR 117-819
Stop Corrupt Iranian Oligarchs and Entities Act

Bill from Previous Congress

HR 116-1441
Stop Corrupt Iranian Oligarchs and Entities Act

Bill from Previous Congress

HR 118-931
Stop Corrupt Iranian Oligarchs and Entities Act
Jan 13, 2025
Introduced in House
Jan 13, 2025
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.
  • Bill from Previous Congress

    HR 117-819
    Stop Corrupt Iranian Oligarchs and Entities Act


  • Bill from Previous Congress

    HR 116-1441
    Stop Corrupt Iranian Oligarchs and Entities Act


  • Bill from Previous Congress

    HR 118-931
    Stop Corrupt Iranian Oligarchs and Entities Act


  • January 13, 2025
    Introduced in House


  • January 13, 2025
    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.

International Affairs

Stop Corrupt Iranian Oligarchs and Entities Act

USA119th CongressHR-348| House 
| Updated: 1/13/2025
This bill, titled the "Stop Corrupt Iranian Oligarchs and Entities Act," requires the Secretary of the Treasury, in consultation with the Director of National Intelligence and the Secretary of State, to submit a comprehensive report to Congress within 180 days of enactment. The report focuses on identifying and analyzing senior foreign political figures and oligarchs in Iran , as well as Iranian parastatal entities . For Iranian oligarchs, the report must identify the most significant figures, estimate their net worth, assess their relationships with the Iranian ruling elite, and detail any indices of corruption. It also requires information on their known sources of income, including family members, and their non-Iranian business affiliations. This aims to expose the financial networks and influence of these individuals. Regarding Iranian parastatal entities, the report must assess their emergence and role in the Iranian economy, their leadership structures, and beneficial ownership. It also requires identification of their non-Iranian business affiliations. Furthermore, the report will analyze the exposure of key United States economic sectors to these Iranian entities and politically affiliated persons, and evaluate the likely effects of imposing debt and equity restrictions or adding them to the Specially Designated Nationals list.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 117-819
Stop Corrupt Iranian Oligarchs and Entities Act

Bill from Previous Congress

HR 116-1441
Stop Corrupt Iranian Oligarchs and Entities Act

Bill from Previous Congress

HR 118-931
Stop Corrupt Iranian Oligarchs and Entities Act
Jan 13, 2025
Introduced in House
Jan 13, 2025
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.
  • Bill from Previous Congress

    HR 117-819
    Stop Corrupt Iranian Oligarchs and Entities Act


  • Bill from Previous Congress

    HR 116-1441
    Stop Corrupt Iranian Oligarchs and Entities Act


  • Bill from Previous Congress

    HR 118-931
    Stop Corrupt Iranian Oligarchs and Entities Act


  • January 13, 2025
    Introduced in House


  • January 13, 2025
    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.
David Kustoff

David Kustoff

Republican Representative

Tennessee

Cosponsors (4)
Michael Baumgartner (Republican)Thomas R. Suozzi (Democratic)Abraham J. Hamadeh (Republican)Josh Gottheimer (Democratic)

Foreign Affairs Committee, Financial Services Committee

International Affairs

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted