II 

118TH CONGRESS 

2D SESSION S. 4761 

To require increased duties for goods and services imported from countries 

that import crude oil or petroleum products produced in the Islamic 

Republic of Iran. 

IN THE SENATE OF THE UNITED STATES 

JULY 24, 2024 

Mr. GRAHAM introduced the following bill; which was read twice and referred 

to the Committee on Finance 

A BILL 

To require increased duties for goods and services imported 

from countries that import crude oil or petroleum products produced in the Islamic Republic of Iran. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Tariffs for Terrorism 

5 Act of 2024’’. 

6 SEC. 2. FINDINGS. 

7 Congress makes the following findings: 

8 (1) Since the Iranian Revolution in 1979, the 

9 Islamic Republic of Iran has engaged in acts of 


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1 international terrorism and continuously threatened 

2 the United States, Israel, and other allies and part3 ners of the United States. 

4 (2) On January 19, 1984, the United States 

5 designated the Islamic Republic of Iran as a state 

6 sponsor of terrorism for repeatedly providing sup7 port for acts of international terrorism. 

8 (3) Under Ayatollah Ali Khamenei, the Islamic 

9 Republic of Iran has advanced its ballistic missile 

10 program and is, in 2024, home to the largest and 

11 most diverse ballistic missile arsenal in the Middle 

12 East. 

13 (4) Under Ayatollah Ali Khamenei, the nuclear 

14 program of the Islamic Republic of Iran has grown 

15 considerably in scale and scope, posing serious 

16 threats to the security interests of the United 

17 States, Israel, and other allies and partners of the 

18 United States. 

19 (5) On May 22, 2020, Ayatollah Ali Khamenei 

20 stated, ‘‘The Zionist regime [Israel] is a deadly, can21 cerous tumor in the region. It will undoubtedly be 

22 uprooted and destroyed.’’. 

23 (6) On December 2, 2022, the Director General 

24 of the International Atomic Energy Agency, Rafael 

25 Grossi, stated, ‘‘Iran informed us they were tripling, 


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1 not doubling, tripling their capacity to enrich ura2 nium at 60 percent, which is very close to military 

3 level, which is 90 percent.’’. 

4 (7) On January 25, 2023, Director General 

5 Grossi stated that the Islamic Republic of Iran had 

6 amassed enough nuclear material to produce ‘‘sev7 eral nuclear weapons’’. 

8 (8) An Islamic Republic of Iran that possesses 

9 a nuclear weapons capability would pose— 

10 (A) a serious threat to the national secu11 rity of the United States, allies and partners of 

12 the United States, and the stability of the Mid13 dle East and beyond; and 

14 (B) a threat of existential dimensions to 

15 the State of Israel. 

16 (9) Oil sanctions have been inadequacy en17 forced, allowing the Islamic Republic of Iran to gen18 erate billions of dollars to finance proxies such as 

19 Hamas and Hezbollah. 

20 SEC. 3. INCREASES IN DUTIES ON GOODS AND SERVICES 

21 IMPORTED FROM COUNTRIES THAT IMPORT 

22 OIL PRODUCED IN ISLAMIC REPUBLIC OF 

23 IRAN. 

24 (a) IN GENERAL.—Notwithstanding any other provi25 sion of law, the President shall increase, to a rate of not 


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1 less than the equivalent of 500 percent ad valorem, the 

2 rate of duty applicable to all goods and services imported 

3 into the United States from any foreign country that the 

4 President determines purchases, trades, consumes, or im5 ports crude oil or petroleum products produced in the Is6 lamic Republic of Iran. 

7 (b) IMPOSITION OF DUTIES.—Not later than 90 days 

8 after the date of the enactment of this Act, and every 120 

9 days thereafter, the President shall— 

10 (1) identify countries described in subsection 

11 (a); and 

12 (2) increase the rates of duty applicable to 

13 goods and services imported from such countries as 

14 necessary to comply with subsection (a). 

15 (c) RECOMMENDATIONS FOR HIGHER RATE.—The 

16 United States Trade Representative, in consultation with 

17 the Secretary of the Treasury, the Secretary of Commerce, 

18 and the heads of other relevant Federal agencies, shall 

19 provide recommendations to the President with respect to 

20 goods and services described in subsection (a) that should 

21 be subject to a rate of duty that exceeds the equivalent 

22 of 500 percent ad valorem. 

23 (d) DUTY RATE IN ADDITION TO ANTIDUMPING AND

24 COUNTERVAILING DUTIES.—The rate of duty required 

25 under subsection (a) with respect to a good or service deVerDate Sep 11 2014 00:52 Aug 21, 2024 Jkt 049200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S4761.IS S4761

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1 scribed in that subsection shall be in addition to any anti2 dumping or countervailing duty applicable with respect to 

3 the good or service under title VII of the Tariff Act of 

4 1930 (19 U.S.C. 1671 et seq.). 

5 (e) NOTICE REQUIREMENTS.— 

6 (1) NOTICE TO AND CONSULTATION WITH CON7 GRESS.—Before increasing under subsection (a) the 

8 rates of duty applicable to goods and services im9 ported from a country described in that subsection, 

10 the President shall provide notice to and consult 

11 with the Committee on Finance of the Senate and 

12 the Committee on Ways and Means of the House of 

13 Representatives regarding the increase. 

14 (2) PUBLICATION.—Not less than 45 days be15 fore the effective date of any increase under sub16 section (a) in the rates of duty applicable to goods 

17 and services imported from a country described in 

18 that subsection, the President shall publish notice of 

19 the increase in the Federal Register. 

20 (f) TERMINATION.—The President shall terminate 

21 the application of any increase under subsection (a) in the 

22 rates of duty applicable to goods and services imported 

23 from a country described in that subsection effective on 

24 the date on which the President certifies in writing to Con25 gress that the country is no longer purchasing, trading, 


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1 consuming, or importing crude oil or petroleum products 

2 produced in the Islamic Republic of Iran. 

3 (g) PETROLEUM PRODUCTS DEFINED.—In this sec4 tion, the term ‘‘petroleum products’’ includes unfinished 

5 oils, liquefied petroleum gases, pentanes plus, aviation 

6 gasoline, motor gasoline, naphtha-type jet fuel, kerosene7 type jet fuel, kerosene, distillate fuel oil, residual fuel oil, 

8 petrochemical feedstocks, special naphthas, lubricants, 

9 waxes, petroleum coke, asphalt, road oil, still gas, and mis10 cellaneous products obtained from the processing of crude 

11 oil (including lease condensate), natural gas, and other hy12 drocarbon compounds. 

Æ 


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