H.R.1357 - To require divestiture of current investments in Iran, to prohibit future investments in Iran, and to require disclosure to investors of information relating to such investments.

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  • Official: To require divestiture of current investments in Iran, to prohibit future investments in Iran, and to require disclosure to investors of information relating to such investments. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
03/05/07
 
 
 
 
 
 
 

Sponsor

Representative

Ileana Ros-Lehtinen

R-FL

View Co-Sponsors (81)

Official Summary

3/6/2007--Introduced.Directs the President to publish in the Federal Register a list of all U.S. and foreign entities that have invested more than $20 million in Iran's energy sector (including an itemization of individual investments of such entities) between August 5, 1996, and the

Official Summary

3/6/2007--Introduced.
Directs the President to publish in the Federal Register a list of all U.S. and foreign entities that have invested more than $20 million in Iran's energy sector (including an itemization of individual investments of such entities) between August 5, 1996, and the date of such publication. Requires managers of federal and private pension plans or thrift savings plans and managers of mutual funds sold or distributed in the United States to:
(1) notify investors that their funds are invested in entities included on the list; and
(2) take immediate steps, upon notification or publication of such list, to divest all investments of such plans or funds in such entities. Prohibits, upon such publication, future investment in any entity included on the list by managers of such plans or funds. Requires the Office of Global Security Risks within the Division of Corporation Finance of the U.S. Securities and Exchange Commission to issue a report on the entities identified on the list, including a determination of whether or not:
(1) their operations in Iran constitute a risk to the United States; and
(2) such entities face U.S. litigation, sanctions, or similar circumstances that may have a material adverse impact on their financial conditions or operations. Terminates this Act 30 days after which:
(1) the President certifies to Congress that Iran has ceased support for international terrorism; and
(2) Iran has permanently ceased acquisition and development of weapons of mass destruction.


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Recent Blog Coverage

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04/03/11
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Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build pub

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11/01/08
Some Democrats Pushing For Mortgage Assistance Bill - Mortgage ...

It would be four years before Pennsylvania Democrat Chaka Fattah brought it back - or at least a nearly identical version of the mortgage rescue bill, HR 1357. That incarnation of HEMA, introduced in 2003, languished in the same ...

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07/28/08
Congress — Failing to Connect History’s Dots?

The House of Representatives on Tuesday is scheduled to vote on a resolution (HR 1357), which recognizes the significance of the 20th anniversary of the signing of the Civil Liberties Act of 1988 by President Reagan and the “greatness ...

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