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Bill · HR

H.R. 348 (119th)

Stop Corrupt Iranian Oligarchs and Entities Act

Original

referredUnited States· United States Congress· EN

Introduced

13 January 2025

Last action

13 January 2025 · Introduced

Status

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.

Sponsors

Rep. Kustoff, David [R-TN-8], Rep. Gottheimer, Josh [D-NJ-5], Michael Baumgartner, Abraham Hamadeh, Rep. Suozzi, Thomas R. [D-NY-3]

Subjects

International Affairs

Source updated

22 May 2025

International Affairs

Official sourceDownload fileView documentsShare

Summary

Stop Corrupt Iranian Oligarchs and Entities Act This bill directs the Department of the Treasury to report to Congress on certain individuals and entities in Iran that have close relationships with the Iranian government. The report must include specified information, including (1) identifying senior foreign political figures and oligarchs in Iran, their known sources of income, and their non-Iranian business affiliations; (2) assessing the emergence of parastatal entities and their leadership structure; and (3) the potential effects of imposing sanctions or debt and equity restrictions on such oligarchs, parastatal entities, or Iranian state-owned enterprises. For the purposes of this bill, an Iranian parastatal entity is one in which Iranian state ownership is at least 25% and that had revenues of at least $2 billion in 2016.

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

Timeline

  1. 13 January 2025

    Introduced

    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.

    Source: IntroReferral

  2. 13 January 2025

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 13 January 2025

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

2 official files

Sponsors

Related records

No cross-record relationships stored yet.

Sources

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