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.
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.
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.
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.
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.