I 

116TH CONGRESS 

1ST SESSION H. R. 1441 

To require a report on oligarchs and parastatal entities of Iran, and for 

other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 28, 2019 

Mr. KUSTOFF of Tennessee (for himself and Mr. GOTTHEIMER) introduced the 

following bill; which was 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 

A BILL 

To require a report on oligarchs and parastatal entities of 

Iran, and for other purposes. 

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 ‘‘Stop Corrupt Iranian 

5 Oligarchs and Entities Act’’. 


pamtmann on DSKBFK8HB2PROD with BILLS
2 

•HR 1441 IH

1 SEC. 2. REPORT ON OLIGARCHS AND PARASTATAL ENTI2 TIES OF IRAN. 

3 (a) IN GENERAL.—Not later than 180 days after the 

4 date of the enactment of this Act, the Secretary of the 

5 Treasury, in consultation with the Director of National In6 telligence and the Secretary of State, shall submit to the 

7 appropriate congressional committees a detailed report on 

8 the following: 

9 (1) Senior foreign political figures and oligarchs 

10 in Iran, including the following: 

11 (A) An identification of the most signifi12 cant senior foreign political figures and 

13 oligarchs in Iran, as determined by the close14 ness to the Iranian Government of each such 

15 figure and oligarch, and the estimated net 

16 worth of each such figure and oligarch. 

17 (B) An assessment of the relationship be18 tween the individuals identified under subpara19 graph (A) and President Hassan Rouhani or 

20 other members of the Iranian ruling elite. 

21 (C) An identification of any indices of cor22 ruption with respect to such individuals. 

23 (D) Known sources of income of such indi24 viduals and their family members (including 

25 spouses, children, parents, and siblings), includ26 ing relevant beneficial ownership information. 


pamtmann on DSKBFK8HB2PROD with BILLS
3 

•HR 1441 IH

1 (E) An identification of the non-Iranian 

2 business affiliations of such individuals. 

3 (2) Iranian parastatal entities, including an as4 sessment of the following: 

5 (A) The emergence of Iranian parastatal 

6 entities and their role in the economy of Iran. 

7 (B) The leadership structures and bene8 ficial ownership of such entities. 

9 (C) An identification of the non-Iranian 

10 business affiliations of such entities. 

11 (3) Information relating to the exposure of key 

12 economic sectors of the United States, including, at 

13 minimum, the banking, securities, insurance, and 

14 real estate sectors, to Iranian politically affiliated 

15 persons, Iranian parastatal entities, and Iranian 

16 state-owned enterprises. 

17 (4) Information relating to the likely effects of 

18 imposing debt and equity restrictions on Iranian 

19 parastatal entities, as well as the anticipated effects 

20 of adding Iranian parastatal entities to the list of 

21 Specially Designated Nationals maintained by the 

22 Office of Foreign Assets Control of the Department 

23 of the Treasury. 

24 (5) Information relating to the potential im25 pacts of imposing sanctions or debt and equity reVerDate Sep 11 2014 01:55 Mar 14, 2019 Jkt 089200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H1441.IH H1441

pamtmann on DSKBFK8HB2PROD with BILLS
4 

•HR 1441 IH

1 strictions in addition to any such sanctions or re2 strictions in existence as of the date of the enact3 ment of this Act on Iranian oligarchs, Iranian 

4 parastatal entities, or Iranian state-owned enter5 prises, including impacts on such oligarchs, entities, 

6 and enterprises and on the economy of Iran, as well 

7 as on the economies of the United States and United 

8 States allies. 

9 (b) FORM.—The report required under subsection (a) 

10 shall be submitted in an unclassified form, but may con11 tain a classified annex. 

12 (c) DEFINITIONS.—In this section: 

13 (1) APPROPRIATE CONGRESSIONAL COMMIT14 TEES.—The term ‘‘appropriate congressional com15 mittees’’ means— 

16 (A) the Committee on Foreign Affairs, the 

17 Committee on Financial Services, and the Com18 mittee on Ways and Means of the House of 

19 Representatives; and 

20 (B) the Committee on Banking, Housing, 

21 and Urban Affairs, the Committee on Foreign 

22 Relations, and the Committee on Finance of the 

23 Senate. 

24 (2) IRANIAN PARASTATAL ENTITIES.—The term 

25 ‘‘Iranian parastatal entities’’ means entities— 


pamtmann on DSKBFK8HB2PROD with BILLS
5 

•HR 1441 IH

1 (A) in which Iranian state ownership is at 

2 least 25 percent; and 

3 (B) that had 2016 revenues of approxi4 mately $2,000,000,000 or more. 

5 (3) SENIOR FOREIGN POLITICAL FIGURE.—The 

6 term ‘‘senior foreign political figure’’ has the mean7 ing given such term in section 1010.605 of title 31, 

8 Code of Federal Regulations (or any corresponding 

9 similar regulation or ruling). 

Æ 


pamtmann on DSKBFK8HB2PROD with BILLS