Iran Sanctions Enabling Act

A bill to authorize State and local governments to direct divestiture from, and prevent investment in, companies with investments of $20,000,000 or more in Iran's energy sector, and for other purposes.

5/17/2007--Introduced.
Iran Sanctions Enabling Act of 2007 - Directs the Secretary of the Treasury to:
(1) publish biannually in the Federal Register a list of each person, whether within or outside of the United States, that has an investment of more than $20 million in the energy sector in Iran; and
(2) maintain on the website of the Department of the Treasury the names of the persons on such list. States it is the policy of the United States to support the decision of state and local governments and educational institutions to divest from, and to prohibit the investment of assets they control in, persons included on the most recent list. Authorizes a state or local government to adopt and enforce measures to divest its assets from, or prohibit investment of assets in, persons included on the most recent list. Amends the Investment Company Act of 1940 to shield any registered investment company from civil, criminal, or administrative action based upon its divesting from, or avoiding investing in, securities issued by companies included on such most recent list. Amends the Employee Retirement Income Security Act of 1974 to shield from treatment as breaching a fiduciary duty any person divesting plan assets from, or avoiding investing plan assets in, persons included on such most recent list. Expresses the sense of the Congress that the Federal Retirement Thrift Investment Board should:
(1) initiate efforts to provide a terror-free international investment option among the funds of the Thrift Savings Fund; and
(2) initiate similar efforts to provide a genocide-free international investment option.


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Sponsor

• Barack Obama
• and 37 Co-Sponsors
  • Sen. Max Baucus [D, MT]
  • Sen. Joseph Biden [D, DE]
  • Sen. Barbara Boxer [D, CA]
  • Sen. Samuel Brownback [R, KS]
  • Sen. Maria Cantwell [D, WA]
  • Sen. Benjamin Cardin [D, MD]
  • Sen. Robert Casey [D, PA]
  • Sen. Thomas Coburn [R, OK]
  • Norm Coleman
  • Sen. Susan Collins [R, ME]
  • Sen. John Cornyn [R, TX]
  • Elizabeth Dole
  • Sen. Byron Dorgan [D, ND]
  • Sen. Richard Durbin [D, IL]
  • Sen. Russell Feingold [D, WI]
  • Sen. Tim Johnson [D, SD]
  • Sen. Edward Kennedy [D, MA]
  • Sen. John Kerry [D, MA]
  • Sen. Amy Klobuchar [D, MN]
  • Sen. Frank Lautenberg [D, NJ]
  • Sen. Joseph Lieberman [I, CT]
  • Trent Lott
  • Sen. Mel Martinez [R, FL]
  • Sen. Robert Menéndez [D, NJ]
  • Sen. Barbara Mikulski [D, MD]
  • Sen. Patty Murray [D, WA]
  • Sen. Ben Nelson [D, NE]
  • Sen. Bill Nelson [D, FL]
  • Sen. Mark Pryor [D, AR]
  • Sen. Pat Roberts [R, KS]
  • Sen. Ken Salazar [D, CO]
  • Sen. Charles Schumer [D, NY]
  • Gordon Smith
  • Sen. Olympia Snowe [R, ME]
  • Sen. John Thune [R, SD]
  • Sen. David Vitter [R, LA]
  • Sen. Ron Wyden [D, OR]
  close

Committees

• Senate Banking, Housing, and Urban Affairs

Amendments

This bill has no amendments.

Amendments to S.1430

Number	Status	Purpose

Bill Status

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Introduced		Voted on by Senate		Voted on by House		Considered By President		Bill Becomes Law
May 17, 2007

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All Bill Actions

• Jul 26, 2007: Sponsor introductory remarks on measure. (CR S10141-10142)
• May 17, 2007: Sponsor introductory remarks on measure. (CR S6309-6310)
• May 17, 2007: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
• Introduced on May 17, 2007.

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Related Bills:

• H.R.2347

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Blog Coverage

November 14, 2008 Obama Foreign Policy Experience | SAVAGE POLITICS

... S. 1324, Introduced 5/7/07; S. 1389, Introduced 5/14/07; S. 1430, Introduced 5/ 17/07; S. 1513, Introduced 5/24/07; S. 1574, Introduced 6/7/07; S. 1713, Introduced 6/27/07; S. 1790, Introduced 7/16/07; S. 1811, Introduced 7/18/07; ...

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November 12, 2008 why obama is worse than bush

S.1430 - Iran Sanctions Enabling Act puts sanctions on PRIVATE investments in Iran. piss off american investors with the added bonus of pissing off Iran. i feel a new war coming on. S.1389 - Climate Change Education Act ...

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Source: smeg.blog

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November 10, 2008 Obama Says He's On Senate Banking Committee: They've Never Heard ...

... Housing and Urban Affairs Committee’s passage of the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2008, which includes provisions Obama offered last year in the Iran Sanctions Enabling Act of 2007 (S. 1430). ...

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Source: The Patriot Room

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