U.S. Congress - H.R.3390 Iran Counter-Proliferation Act of 2007
H.R.3390 - Iran Counter-Proliferation Act of 2007
To impose sanctions on Iran and on other countries for assisting Iran in developing a nuclear program, and for other purposes. view all titles (2)
All Bill Titles
- Short: Iran Counter-Proliferation Act of 2007 as introduced.
- Official: To impose sanctions on Iran and on other countries for assisting Iran in developing a nuclear program, and for other purposes. as introduced.
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Official Summary
8/3/2007--Introduced.Iran Counter-Proliferation Act of 2007 - Amends the Iran Sanctions Act of 1996 to expand the definitions of "petroleum resources" and "person."Expresses the sense of Congress concerning: (1) a variety of existing and proposed sanctions against Iran;Official Summary
8/3/2007--Introduced.Iran Counter-Proliferation Act of 2007 - Amends the Iran Sanctions Act of 1996 to expand the definitions of "petroleum resources" and "person."
Expresses the sense of Congress concerning:
(1) a variety of existing and proposed sanctions against Iran; and
(2) mechanisms to assure a supply of nuclear fuel for peaceful means. Subjects Iran to specified economic sanctions unless the President certifies to Congress that Iran has verifiably dismantled all nuclear enrichment-related and reprocessing-related programs. Subjects, with respect to prohibited transactions with Iran, a parent company to penalties for violations committed by certain subsidiaries outside the United States that would be subject to prohibitions if committed inside the United States or by a U.S. person. Amends the Internal Revenue Code to eliminate specified geological and geophysical expense amortization benefits if petroleum-related sanctions are imposed under the Iran Sanctions Act of 1996 on any member of an expanded affiliated group whose common parent is a foreign corporation. Revises the definition of "affiliated group." Directs the President to reduce annual U.S. contributions to the International Bank for Reconstruction and Development (World Bank) based upon Bank amounts provided to entities and projects in Iran. Authorizes appropriations for the Department of the Treasury's Office of Terrorism and Financial Intelligence.
Requires the Director of National Intelligence to submit to Congress an updated National Intelligence Estimate on Iran.
Authorizes the President to:
(1) carry out exchange programs with the people of Iran; and
(2) make voluntary grant-based contributions to the International Atomic Energy Agency (IAEA) for the establishment of an international nuclear fuel bank to maintain a reserve of low-enriched uranium in case of a disruption in the supply of reactor fuel by normal market mechanisms. Amends the Securities and Exchange Act of 1945 to require securities issuers to disclose to the Securities and Exchange Commission (SEC) post-January 1, 2007, investments in Iran's energy sector in excess of $20 million.
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Recent Blog Coverage
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The Quest for Nuclear Independence: Iran | State and Federal ...
H.R. 3390 imposes sanctions on Iran and other nations for assisting Iran in the development of a nuclear program. In addition, the U.S inflicted sanctions on IRISL and 18 affiliates for supposedly bestowing support for Iranâs Weapons ...
OpenCongress - U.S. Congress - S.3445 Comprehensive Iran Sanctions ...
Bills S. 3227, S. 3445, and H.R.3390 all impose sanctions on the country. S. 3227 amends Iran Sanctions of 1996 and subjects Iran to various economic sanctions. H.R. 3390 imposes sanctions on Iran and other nations for assisting Iran in ...
WashingtonWatch.com - S. 3227, The Iran Sanctions Act of 2008
The Iran Counter-Proliferation Act of 2007 (H.R. 3390) · The Iran Counter-Proliferation Act of 2007 (S. 970). See Bills on the Same Subject: Affiliated corporations, Alien property, American investments, Armed forces, Arms sales, ...
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