Closing IRGC Sanctions Loopholes Act

Subjects: International Affairs


<html><body><pre>[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2958 Introduced in House (IH)]

&lt;DOC&gt;






118th CONGRESS
  1st Session
                                H. R. 2958

  To provide for additional sanctions with respect to foreign persons 
 that are officials, agents, or affiliates of, or owned or controlled 
                 by, Iran's Revolutionary Guard Corps.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 27, 2023

 Mr. Lamborn (for himself and Mr. Hern) introduced the following bill; 
which was referred to the Committee on Foreign Affairs, and in addition 
  to the Committee on the Judiciary, 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 provide for additional sanctions with respect to foreign persons 
 that are officials, agents, or affiliates of, or owned or controlled 
                 by, Iran's Revolutionary Guard Corps.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Closing IRGC Sanctions Loopholes 
Act''.

SEC. 2. ADDITIONAL SANCTIONS WITH RESPECT TO FOREIGN PERSONS THAT ARE 
              OFFICIALS, AGENTS, OR AFFILIATES OF, OR OWNED OR 
              CONTROLLED BY, IRAN'S REVOLUTIONARY GUARD CORPS.

    (a) In General.--Section 301(a) of the Iran Threat Reduction and 
Syria Human Rights Act of 2012 (22 U.S.C. 8741(a)) is amended--
            (1) in the matter preceding paragraph (1), by striking 
        ``Not later than 90 days after the date of the enactment of 
        this Act, and as appropriate thereafter,'' and inserting ``Not 
        later than 180 days after the date of the enactment of the 
        National Defense Authorization Act for Fiscal Year 2023, and 
        every 180 days thereafter,'';
            (2) in paragraph (1)--
                    (A) by inserting ``, or owned or controlled by,'' 
                after ``affiliates of''; and
                    (B) by striking ``and'' at the end;
            (3) in paragraph (2), by striking the period at the end and 
        inserting ``; and''; and
            (4) by adding at the end the following:
            ``(3) identify foreign persons with respect to which there 
        is a reasonable basis to determine that the foreign persons 
        have, directly or indirectly, attempted to conduct one or more 
        sensitive transactions or activities described in subsection 
        (c) for or on behalf of a foreign person described in paragraph 
        (1).''.
    (b) Priority for Investigation; Determination and Report.--Section 
301(b) of the Iran Threat Reduction and Syria Human Rights Act of 2012 
(22 U.S.C. 8741(b)) is amended to read as follows:
    ``(b) Priority for Investigation; Determination and Report.--
            ``(1) Priority for investigation.--In identifying foreign 
        persons pursuant to subsection (a)(1) as officials, agents, or 
        affiliates of Iran's Revolutionary Guard Corps, the President 
        shall investigate--
                    ``(A) foreign persons or entities identified under 
                section 560.304 of title 31, Code of Federal 
                Regulations (relating to the definition of the 
                Government of Iran);
                    ``(B) foreign persons for which there is a 
                reasonable basis to find that the person has conducted 
                or attempted to conduct one or more sensitive 
                transactions or activities described in subsection (c); 
                and
                    ``(C) foreign persons listed under the headings 
                `Attachment 3' or `Attachment 4' in Annex A of United 
                Nations Security Council Resolution 2231, adopted on 
                July 20, 2015.''.
    (c) Sensitive Transactions and Activities Described.--Section 
301(c) of the Iran Threat Reduction and Syria Human Rights Act of 2012 
(22 U.S.C. 8741(c)) is amended--
            (1) in paragraph (1)--
                    (A) by striking ``$1,000,000'' and inserting 
                ``$500,000''; and
                    (B) by inserting ``Iranian financial institution 
                or'' after ``involving a'';
            (2) by redesignating paragraphs (3), (4), and (5) as 
        paragraphs (6), (7), and (8), respectively; and
            (3) by inserting after paragraph (2) the following new 
        paragraphs:
            ``(3) a transaction to provide material support for an 
        organization designated as a foreign terrorist organization 
        under section 219(a) of the Immigration and Nationality Act (8 
        U.S.C. 1189(a)) or support for an act of international 
        terrorism (as defined in section 14 of the Iran Sanctions Act 
        of 1996 (Public Law 104-172; 50 U.S.C. 1701 note));
            ``(4) a transaction to provide material support to a 
        foreign person whose property and access to property has been 
        blocked pursuant to Executive Order 13224 (September 23, 2001; 
        relating to blocking property and prohibiting transactions with 
        persons who commit, threaten to commit, or support terrorism);
            ``(5) a transaction to provide material support for the 
        Government of Syria or any agency or instrumentality 
        thereof;''.
    (d) Waiver of Imposition of Sanctions.--Section 301(e) of the Iran 
Threat Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8741(e)) 
is amended by adding at the end the following:
            ``(3) Sunset.--The provisions of this subsection and any 
        waivers issued pursuant to this subsection shall terminate at 
        the close of December 31, 2025.''.
    (e) Regulations, Implementation, Penalties, and Definitions.--
Section 301 of the Iran Threat Reduction and Syria Human Rights Act of 
2012 (22 U.S.C. 8741) is amended--
            (1) by redesignating subsection (f) as subsection (h); and
            (2) by inserting after subsection (e) the following new 
        subsections:
    ``(f) Penalties.--A person that violates, attempts to violate, 
conspires to violate, or causes a violation of subsection (a) or any 
regulation, license, or order issued to carry out subsection (a) shall 
be subject to the penalties set forth in subsections (b) and (c) of 
section 206 of the International Emergency Economic Powers Act (50 
U.S.C. 1705) to the same extent as a person that commits an unlawful 
act described in subsection (a) of that section.
    ``(g) Definitions.--In this section:
            ``(1) Foreign person.--The term `foreign person' means--
                    ``(A) an individual who is not a United States 
                person;
                    ``(B) a corporation, partnership, or other 
                nongovernmental entity which is not a United States 
                person; or
                    ``(C) any representative, agent or instrumentality 
                of, or an individual working on behalf of a foreign 
                government.
            ``(2) Iran's revolutionary guard corps.--The term `Iran's 
        Revolutionary Guard Corps' includes any senior foreign 
        political figure (as defined in section 1010.605 of title 31, 
        Code of Federal Regulations) of Iran's Revolutionary Guard 
        Corps.
            ``(3) Own or control.--The term `own or control' means, 
        with respect to an entity--
                    ``(A) to hold more than 25 percent of the equity 
                interest by vote or value in the entity;
                    ``(B) to hold a majority of seats on the board of 
                directors of the entity; or
                    ``(C) to otherwise control the actions, policies, 
                or personnel decisions of the entity.
            ``(4) United states person.--The term `United States 
        person' means--
                    ``(A) a United States citizen or an alien lawfully 
                admitted for permanent residence to the United States; 
                or
                    ``(B) an entity organized under the laws of the 
                United States or of any jurisdiction within the United 
                States, including a foreign branch of such an 
                entity.''.
    (f) Conforming and Clerical Amendments.--The Iran Threat Reduction 
and Syria Human Rights Act of 2012 (22 U.S.C. 8701 et seq.) is 
amended--
            (1) by striking the heading of section 301 and inserting 
        the following:

``SEC. 301. IDENTIFICATION OF, AND IMPOSITION OF SANCTIONS WITH RESPECT 
              TO, FOREIGN PERSONS THAT ARE OFFICIALS, AGENTS OR 
              AFFILIATES OF, OR OWNED OR CONTROLLED BY, IRAN'S 
              REVOLUTIONARY GUARD CORPS.''; AND

            (2) in the table of contents, by striking the item relating 
        to section 301 and inserting the following:

``Sec. 301. Identification of, and imposition of sanctions with respect 
                            to, foreign persons that are officials, 
                            agents or affiliates of, or owned or 
                            controlled by, Iran's Revolutionary Guard 
                            Corps.''.
                                 &lt;all&gt;
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