I 
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 Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Closing IRGC Sanc-
tions Loopholes Act’’. 
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SEC. 2. ADDITIONAL SANCTIONS WITH RESPECT TO FOR-
EIGN 
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 there-
after,’’ 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, at-
tempted to conduct one or more sensitive trans-
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actions 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 Reduc-
tion and Syria Human Rights Act of 2012 (22 U.S.C. 
8741(b)) is amended to read as follows: 
‘‘(b) PRIORITY
FOR INVESTIGATION; DETERMINA-
TION AND REPORT.— 
‘‘(1) PRIORITY FOR INVESTIGATION.—In identi-
fying foreign persons pursuant to subsection (a)(1) 
as officials, agents, or affiliates of Iran’s Revolu-
tionary Guard Corps, the President shall inves-
tigate— 
‘‘(A) foreign persons or entities identified 
under section 560.304 of title 31, Code of Fed-
eral 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 head-
ings ‘Attachment 3’ or ‘Attachment 4’ in Annex 
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A of United Nations Security Council Resolu-
tion 2231, adopted on July 20, 2015.’’. 
(c) SENSITIVE TRANSACTIONS AND ACTIVITIES DE-
SCRIBED.—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 institu-
tion 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 fol-
lowing new paragraphs: 
‘‘(3) a transaction to provide material support 
for an organization designated as a foreign terrorist 
organization under section 219(a) of the Immigra-
tion and Nationality Act (8 U.S.C. 1189(a)) or sup-
port 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 
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