IB 
Union Calendar No. 144 
110TH CONGRESS 
1ST SESSION 
H. R. 957 
[Report No. 110–163, Part I] 
To amend the Iran Sanctions Act of 1996 to expand and clarify the entities 
against which sanctions may be imposed. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 8, 2007 
Ms. ROS-LEHTINEN (for herself, Mr. LANTOS, Mr. PENCE, Mr. ACKERMAN, 
Mr. CHABOT, Mr. SHERMAN, Mr. POE, Ms. BERKLEY, Mr. ROYCE, Mr. 
FALEOMAVAEGA, Mr. MCCOTTER, Mr. CROWLEY, Mr. BURTON of Indi-
ana, and Mr. KLEIN of Florida) introduced the following bill; which was 
referred to the Committee on Foreign Affairs, and in addition to the 
Committees on Financial Services, Ways and Means, and Oversight and 
Government Reform, 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 
MAY 22, 2007 
Reported from the Committee on Foreign Affairs with an amendment 
[Strike out all after the enacting clause and insert the part printed in italic] 
MAY 22, 2007 
Committee on Oversight and Government Reform discharged 
MAY 22, 2007 
Referral to the Committees on Financial Services and Ways and Means 
extended for a period ending not later than June 29, 2007 
JUNE 29, 2007 
Referral to the Committees on Financial Services and Ways and Means 
extended for a period ending not later than July 13, 2007 
JULY 13, 2007 
Additional sponsors: Mr. BLUNT, Mr. WEXLER, Mr. KIRK, Mr. CANTOR, Mr. 
BERMAN, Mr. FORTUN˜O, Mr. MCNULTY, Ms. HARMAN, Mrs. MYRICK, 
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Mr. KILDEE, Mr. DAVIS of Illinois, Mr. BONNER, Mr. TERRY, Mr. 
MCCAUL of Texas, Mr. ENGEL, Mr. WILSON of South Carolina, Mr. 
DAVIS of Kentucky, Mr. MICA, Mr. HIGGINS, Mr. MACK, Mr. BOREN, 
Mr. CARNAHAN, Mr. WELLER of Illinois, Mr. CALVERT, Mr. LINDER, Mr. 
BILIRAKIS, Mr. BISHOP of Utah, Mrs. CUBIN, Mr. MARIO DIAZ-BALART 
of Florida, Mr. FORTENBERRY, Mr. GARRETT of New Jersey, Mr. ROG-
ERS of Michigan, Mrs. JO ANN DAVIS of Virginia, Mr. KING of New 
York, Mr. BROWN of South Carolina, Mr. BUYER, Mr. FOSSELLA, Mr. 
COBLE, Mr. DENT, Mrs. WILSON of New Mexico, Mr. CARTER, Mr. LIN-
COLN DIAZ-BALART of Florida, Mr. SAXTON, and Mr. GINGREY 
JULY 13, 2007 
Committees on Financial Services and Ways and Means discharged; com-
mitted to the Committee of the Whole House on the State of the Union 
and ordered to be printed 
A BILL 
To amend the Iran Sanctions Act of 1996 to expand and 
clarify the entities against which sanctions may be imposed. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. EXPANSION AND CLARIFICATION OF ENTITIES 
AGAINST
WHICH
SANCTIONS
MAY
BE
IM-
POSED PURSUANT TO THE IRAN SANCTIONS 
ACT OF 1996. 
Section 14 of the Iran Sanctions Act of 1996 (50 
U.S.C. 1701 note) is amended— 
(1) in paragraph (13)(B)— 
(A) by inserting after ‘‘trust,’’ the fol-
lowing: ‘‘financial institution, insurer, under-
writer, guarantor, any other business organiza-
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tion, including any foreign subsidiaries of the 
foregoing,’’; and 
(B) by inserting before the semicolon at 
the end the following: ‘‘, such as an export 
credit agency’’; and 
(2) in paragraph (14), by inserting after ‘‘pe-
troleum’’ the second place it appears the following: 
‘‘, petroleum by-products, liquified natural gas,’’. 
SECTION 1. EXPANSION AND CLARIFICATION OF ENTITIES 
AGAINST WHICH SANCTIONS MAY BE IM-
POSED PURSUANT TO THE IRAN SANCTIONS 
ACT OF 1996. 
Section 14 of the Iran Sanctions Act of 1996 (50 
U.S.C. 1701 note) is amended— 
(1) in paragraph (13)(B)— 
(A) by inserting after ‘‘trust,’’ the following: 
‘‘financial 
institution, 
insurer, 
underwriter, 
guarantor, any other business organization, in-
cluding any foreign subsidiaries of the fore-
going,’’; and 
(B) by inserting before the semicolon at the 
end the following: ‘‘, such as an export credit 
agency’’; and 
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(2) in paragraph (14), by inserting after ‘‘petro-
leum’’ the second place it appears the following: ‘‘, pe-
troleum by-products, liquified natural gas,’’. 
SEC. 2. LIABILITY OF PARENT COMPANIES FOR VIOLATIONS 
OF SANCTIONS BY FOREIGN ENTITIES. 
(a) IN GENERAL.—In any case in which an entity en-
gages in an act outside the United States which, if com-
mitted in the United States or by a United States person, 
would violate Executive Order No. 12959 of May 6, 1995, 
Executive Order No. 13059 of August 19, 1997, or any other 
prohibition on transactions with respect to Iran that is im-
posed under the International Emergency Economic Powers 
Act (50 U.S.C. 1701 et seq.) and if that entity was created 
or availed of for the purpose of engaging in such an act, 
the parent company of that entity shall be subject to the 
penalties for such violation to the same extent as if the par-
ent company had engaged in that act. 
(b) DEFINITIONS.—In this section— 
(1) an entity is a ‘‘parent company’’ of another 
entity if it owns, directly or indirectly, more than 50 
percent of the equity interest in that other entity and 
is a United States person; and 
(2) the term ‘‘entity’’ means a partnership, asso-
ciation, trust, joint venture, corporation, or other or-
ganization. 
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Union Calendar No. 144 
110TH CONGRESS 
1ST SESSION 
H. R. 957 
[Report No. 110–163, Part I] 
A BILL 
To amend the Iran Sanctions Act of 1996 to ex-
pand and clarify the entities against which sanc-
tions may be imposed. 
JULY 13, 2007 
Committees on Financial Services and Ways and Means 
discharged; committed to the Committee of the Whole 
House on the State of the Union and ordered to be 
printed 
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