I 

115TH CONGRESS 

2D SESSION H. R. 7182 

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

other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

NOVEMBER 28, 2018 

Mr. KUSTOFF of Tennessee 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’’. 

6 SEC. 2. REPORT ON OLIGARCHS AND PARASTATAL ENTI7 TIES OF IRAN. 

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

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


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1 Treasury, in consultation with the Director of National In2 telligence and the Secretary of State, shall submit to the 

3 appropriate congressional committees a detailed report on 

4 the following: 

5 (1) Senior foreign political figures and oligarchs 

6 in Iran, including the following: 

7 (A) An identification of the most signifi8 cant senior foreign political figures and 

9 oligarchs in Iran, as determined by the close10 ness to the Iranian Government of each such 

11 figure and oligarch, and the estimated net 

12 worth of each such figure and oligarch. 

13 (B) An assessment of the relationship be14 tween the individuals identified under subpara15 graph (A) and President Hassan Rouhani or 

16 other members of the Iranian ruling elite. 

17 (C) An identification of any indices of cor18 ruption with respect to such individuals. 

19 (D) Known sources of income of such indi20 viduals and their family members (including 

21 spouses, children, parents, and siblings), includ22 ing relevant beneficial ownership information. 

23 (E) An identification of the non-Iranian 

24 business affiliations of such individuals. 


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1 (2) Iranian parastatal entities, including an as2 sessment of the following: 

3 (A) The emergence of Iranian parastatal 

4 entities and their role in the economy of Iran. 

5 (B) The leadership structures and bene6 ficial ownership of such entities. 

7 (C) An identification of the non-Iranian 

8 business affiliations of such entities. 

9 (3) Information relating to the exposure of key 

10 economic sectors of the United States, including, at 

11 minimum, the banking, securities, insurance, and 

12 real estate sectors, to Iranian politically-affiliated 

13 persons, Iranian parastatal entities, and Iranian 

14 state-owned enterprises. 

15 (4) Information relating to the likely effects of 

16 imposing debt and equity restrictions on Iranian 

17 parastatal entities, as well as the anticipated effects 

18 of adding Iranian parastatal entities to the list of 

19 Specially Designated Nationals maintained by the 

20 Office of Foreign Assets Control of the Department 

21 of the Treasury. 

22 (5) Information relating to the potential im23 pacts of imposing sanctions or debt and equity re24 strictions in addition to any such sanctions or re25 strictions in existence as of the date of the enactVerDate Sep 11 2014 03:34 Nov 29, 2018 Jkt 089200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H7182.IH H7182

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1 ment of this Act on Iranian oligarchs, Iranian 

2 parastatal entities, or Iranian state-owned enter3 prises, including impacts on such oligarchs, entities, 

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

5 as on the economies of the United States and United 

6 States allies. 

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

8 shall be submitted in an unclassified form, but may con9 tain a classified annex. 

10 (c) DEFINITIONS.—In this section: 

11 (1) APPROPRIATE CONGRESSIONAL COMMIT12 TEES.—The term ‘‘appropriate congressional com13 mittees’’ means— 

14 (A) the Committee on Foreign Affairs, the 

15 Committee on Financial Services, and the Com16 mittee on Ways and Means of the House of 

17 Representatives; and 

18 (B) the Committee on Banking, Housing, 

19 and Urban Affairs, the Committee on Foreign 

20 Relations, and the Committee on Finance of the 

21 Senate. 

22 (2) IRANIAN PARASTATAL ENTITIES.—The term 

23 ‘‘Iranian parastatal entities’’ means entities— 

24 (A) in which Iranian state ownership is at 

25 least 25 percent; and 


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1 (B) that had 2016 revenues of approxi2 mately $2,000,000,000 or more. 

3 (3) SENIOR FOREIGN POLITICAL FIGURE.—The 

4 term ‘‘senior foreign political figure’’ has the mean5 ing given such term in section 1010.605 of title 31, 

6 Code of Federal Regulations (or any corresponding 

7 similar regulation or ruling). 

Æ 


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