I 

115TH CONGRESS 

1ST SESSION H. R. 4676 

To direct the Secretary of the Treasury to prescribe regulations to expand 

sanctions against persons owned or controlled by Iran’s Revolutionary 

Guard Corps, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

DECEMBER 18, 2017 

Mr. MCCAUL introduced the following bill; which was referred to the 

Committee on Foreign Affairs 

A BILL 

To direct the Secretary of the Treasury to prescribe regulations to expand sanctions against persons owned or controlled by Iran’s Revolutionary Guard Corps, 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 ‘‘Expanding Sanctions 

5 Against Iran’s Revolutionary Guard Corps Act’’. 

6 SEC. 2. FINDINGS AND SENSE OF CONGRESS. 

7 (a) FINDINGS.—Congress finds the following: 


lotter on DSKBCFDHB2PROD with BILLS
2 

•HR 4676 IH

1 (1) Iran’s Revolutionary Guard Corps has been 

2 designated under— 

3 (A) Executive Order 13224 (September 23, 

4 2001; relating to Blocking Property and Pro5 hibiting Transactions with Persons who Com6 mit, Threaten to Commit, or Support Ter7 rorism); 

8 (B) Executive Order 13382 (June 28, 

9 2005; relating to Blocking Property of Weapons 

10 of Mass Destruction Proliferators and Their 

11 Supporters); 

12 (C) Executive Order 13553 (September 28, 

13 2010; relating to Blocking Property of Certain 

14 Persons With Respect to Serious Human 

15 Rights Abuses by the Government of Iran and 

16 Taking Certain Other Actions); and 

17 (D) Executive Order 13606 (April 22, 

18 2012; relating to Blocking the Property and 

19 Suspending Entry Into the United States of 

20 Certain Persons With Respect to Grave Human 

21 Rights Abuses by the Governments of Iran and 

22 Syria via Information Technology). 

23 (2) Iran’s Revolutionary Guard Corps controls 

24 a significant portion of Iran’s economy, and whose 


lotter on DSKBCFDHB2PROD with BILLS
3 

•HR 4676 IH

1 income makes it one of Iran’s most powerful eco2 nomic actors. 

3 (3) Iran’s Revolutionary Guard Corps benefits 

4 from limited economic transparency, as dem5 onstrated by Iran’s continued failure to meet its 

6 intergovernmental Financial Action Task Force com7 mitments. 

8 (4) Iran’s Revolutionary Guard Corps carries 

9 out Iran’s destabilizing political goals across the 

10 Middle East and by proxy worldwide. 

11 (b) SENSE OF CONGRESS.—It is the sense of Con12 gress that— 

13 (1) persons who are owned or controlled by 

14 Iran’s Revolutionary Guard Corps should be subject 

15 to a 25-percent beneficial ownership threshold rather 

16 than majority ownership threshold with respect to 

17 blocking property or interests in property of such 

18 persons; and 

19 (2) such expanded sanctions would generate 

20 greater public scrutiny and enhanced due diligence 

21 procedures by the private sector and others. 


lotter on DSKBCFDHB2PROD with BILLS
4 

•HR 4676 IH

1 SEC. 3. REGULATIONS TO EXPAND SANCTIONS AGAINST 

2 PERSONS OWNED OR CONTROLLED BY IRAN’S 

3 REVOLUTIONARY GUARD CORPS. 

4 (a) IN GENERAL.—Not later than 90 days after the 

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

6 Treasury shall prescribe regulations to apply the definition 

7 of ‘‘own or control’’ described in subsection (b) for pur8 poses of blocking property or interests in property pursu9 ant to the International Emergency Economic Powers Act 

10 (50 U.S.C. 1701 et seq.) of persons who are owned or 

11 controlled by Iran’s Revolutionary Guard Corps. 

12 (b) DEFINITION OF ‘‘OWN OR CONTROL’’.—The term 

13 ‘‘own or control’’ described in this subsection means, with 

14 respect to a person— 

15 (1) to hold more than 25 percent of the equity 

16 interest by vote or value in the person; 

17 (2) to hold a majority of seats on the board of 

18 directors of the person; or 

19 (3) to otherwise control the actions, policies, or 

20 personnel decisions of the person. 

21 (c) PENALTIES.—A person that violates, attempts to 

22 violate, conspires to violate, or causes a violation of sub23 section (a) or any regulation, license, or order issued to 

24 carry out subsection (a) shall be subject to the penalties 

25 set forth in subsections (b) and (c) of section 206 of the 

26 International Emergency Economic Powers Act (50 


lotter on DSKBCFDHB2PROD with BILLS
5 

•HR 4676 IH

1 U.S.C. 1705) to the same extent as a person that commits 

2 an unlawful act described in subsection (a) of that section. 

Æ 


lotter on DSKBCFDHB2PROD with BILLS