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. 
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 ‘‘Stop Corrupt Iranian 
Oligarchs and Entities Act’’. 
SEC. 2. REPORT ON OLIGARCHS AND PARASTATAL ENTI-
TIES OF IRAN. 
(a) IN GENERAL.—Not later than 180 days after the 
date of the enactment of this Act, the Secretary of the 
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Treasury, in consultation with the Director of National In-
telligence and the Secretary of State, shall submit to the 
appropriate congressional committees a detailed report on 
the following: 
(1) Senior foreign political figures and oligarchs 
in Iran, including the following: 
(A) An identification of the most signifi-
cant 
senior 
foreign 
political 
figures 
and 
oligarchs in Iran, as determined by the close-
ness to the Iranian Government of each such 
figure and oligarch, and the estimated net 
worth of each such figure and oligarch. 
(B) An assessment of the relationship be-
tween the individuals identified under subpara-
graph (A) and President Hassan Rouhani or 
other members of the Iranian ruling elite. 
(C) An identification of any indices of cor-
ruption with respect to such individuals. 
(D) Known sources of income of such indi-
viduals and their family members (including 
spouses, children, parents, and siblings), includ-
ing relevant beneficial ownership information. 
(E) An identification of the non-Iranian 
business affiliations of such individuals. 
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(2) Iranian parastatal entities, including an as-
sessment of the following: 
(A) The emergence of Iranian parastatal 
entities and their role in the economy of Iran. 
(B) The leadership structures and bene-
ficial ownership of such entities. 
(C) An identification of the non-Iranian 
business affiliations of such entities. 
(3) Information relating to the exposure of key 
economic sectors of the United States, including, at 
minimum, the banking, securities, insurance, and 
real estate sectors, to Iranian politically-affiliated 
persons, Iranian parastatal entities, and Iranian 
state-owned enterprises. 
(4) Information relating to the likely effects of 
imposing debt and equity restrictions on Iranian 
parastatal entities, as well as the anticipated effects 
of adding Iranian parastatal entities to the list of 
Specially Designated Nationals maintained by the 
Office of Foreign Assets Control of the Department 
of the Treasury. 
(5) Information relating to the potential im-
pacts of imposing sanctions or debt and equity re-
strictions in addition to any such sanctions or re-
strictions in existence as of the date of the enact-
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ment of this Act on Iranian oligarchs, Iranian 
parastatal entities, or Iranian state-owned enter-
prises, including impacts on such oligarchs, entities, 
and enterprises and on the economy of Iran, as well 
as on the economies of the United States and United 
States allies. 
(b) FORM.—The report required under subsection (a) 
shall be submitted in an unclassified form, but may con-
tain a classified annex. 
(c) DEFINITIONS.—In this section: 
(1) APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES.—The term ‘‘appropriate congressional com-
mittees’’ means— 
(A) the Committee on Foreign Affairs, the 
Committee on Financial Services, and the Com-
mittee on Ways and Means of the House of 
Representatives; and 
(B) the Committee on Banking, Housing, 
and Urban Affairs, the Committee on Foreign 
Relations, and the Committee on Finance of the 
Senate. 
(2) IRANIAN PARASTATAL ENTITIES.—The term 
‘‘Iranian parastatal entities’’ means entities— 
(A) in which Iranian state ownership is at 
least 25 percent; and 
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(B) that had 2016 revenues of approxi-
mately $2,000,000,000 or more. 
(3) SENIOR FOREIGN POLITICAL FIGURE.—The 
term ‘‘senior foreign political figure’’ has the mean-
ing given such term in section 1010.605 of title 31, 
Code of Federal Regulations (or any corresponding 
similar regulation or ruling). 
Æ 
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