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.

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 6 March 2007

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on Oversight and Government Reform, and Education and Labor, 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.

   Source: IntroReferral

2. 6 March 2007

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on Oversight and Government Reform, and Education and Labor, 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.

   Source: IntroReferral

3. 6 March 2007

   Introduced

   Introduced in House

   Source: IntroReferral

4. 6 March 2007

   Introduced

   Introduced in House

   Source: IntroReferral

5. 5 June 2007

   Referred

   Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

   Source: Committee

6. 30 July 2007

   Introduced

   Sponsor introductory remarks on measure. (CR 7/31/2007 H8859)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 6 March 2007 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 March 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 6 March 2007

  ViewDownloadOpen at official source

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  summary · EN · 6 March 2007

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Sponsors

• Rep. Ros-Lehtinen, Ileana [R-FL-27] · R · Sponsor
• Sen. Blunt, Roy [R-MO] · R · Sponsor
• Rep. Lantos, Tom [D-CA-12] · D · Sponsor
• Rep. Cantor, Eric [R-VA-7] · R · Sponsor
• Rep. Sherman, Brad [D-CA-32] · D · Sponsor
• Rep. Fossella, Vito [R-NY-13] · R · Sponsor
• Rep. Pence, Mike [R-IN-6] · R · Sponsor
• Rep. Chabot, Steve [R-OH-1] · R · Sponsor
• Rep. Tancredo, Thomas G. [R-CO-6] · R · Sponsor
• Rep. Burton, Dan [R-IN-5] · R · Sponsor
• Rep. Rohrabacher, Dana [R-CA-48] · R · Sponsor
• Rep. Smith, Christopher H. [R-NJ-4] · R · Sponsor
• Rescom. Fortuno, Luis G. [R-PR-At Large] · R · Sponsor
• Rep. Wexler, Robert [D-FL-19] · D · Sponsor
• Rep. Crowley, Joseph [D-NY-14] · D · Sponsor
• Rep. Klein, Ron [D-FL-22] · D · Sponsor
• Rep. McCaul, Michael T. [R-TX-10] · R · Sponsor
• Rep. Harman, Jane [D-CA-36] · D · Cosponsor
• Rep. LoBiondo, Frank A. [R-NJ-2] · R · Cosponsor
• Rep. Green, Gene [D-TX-29] · D · Cosponsor
• Rep. Bonner, Jo [R-AL-1] · R · Cosponsor
• Rep. Wilson, Joe [R-SC-2] · R · Cosponsor
• Rep. Davis, Geoff [R-KY-4] · R · Cosponsor
• Rep. Mica, John L. [R-FL-7] · R · Cosponsor
• Rep. Higgins, Brian [D-NY-26] · D · Cosponsor
• Rep. Mack, Connie [R-FL-14] · R · Cosponsor
• Rep. McCotter, Thaddeus G. [R-MI-11] · R · Cosponsor
• Rep. Boren, Dan [D-OK-2] · D · Cosponsor
• Del. Faleomavaega, Eni F. H. [D-AS-At Large] · D · Cosponsor
• Rep. Carnahan, Russ [D-MO-3] · D · Cosponsor
• Rep. Weller, Jerry [R-IL-11] · R · Cosponsor
• Rep. Terry, Lee [R-NE-2] · R · Cosponsor
• Rep. Linder, John [R-GA-7] · R · Cosponsor
• Rep. Fortenberry, Jeff [R-NE-1] · R · Cosponsor
• Rep. Berkley, Shelley [D-NV-1] · D · Cosponsor
• Rep. Bilirakis, Gus M. [R-FL-12] · R · Cosponsor
• Rep. Cubin, Barbara [R-WY-At Large] · R · Cosponsor
• Rep. Diaz-Balart, Mario [R-FL-26] · R · Cosponsor
• Rep. Garrett, Scott [R-NJ-5] · R · Cosponsor
• Rep. King, Peter T. [R-NY-2] · R · Cosponsor
• Rep. Brown, Henry E., Jr. [R-SC-1] · R · Cosponsor
• Rep. Hensarling, Jeb [R-TX-5] · R · Cosponsor
• Rep. Buyer, Steve [R-IN-4] · R · Cosponsor
• Rep. Tiberi, Patrick J. [R-OH-12] · R · Cosponsor
• Rep. Coble, Howard [R-NC-6] · R · Cosponsor
• Rep. Wilson, Heather [R-NM-1] · R · Cosponsor
• Rep. Crenshaw, Ander [R-FL-4] · R · Cosponsor
• Rep. Carter, John R. [R-TX-31] · R · Cosponsor

Showing 48 of 85 sponsors and actors.

Related records

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