I 
110TH CONGRESS 
1ST SESSION H. R. 1400 
To enhance United States diplomatic efforts with respect to Iran by imposing 
additional economic sanctions against Iran, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 8, 2007 
Mr. LANTOS (for himself, Ms. ROS-LEHTINEN, Mr. ACKERMAN, Mr. PENCE, 
Mr. SHERMAN, Mr. ROYCE, Mr. BERMAN, and Mr. SMITH of New Jersey) 
introduced the following bill; which was referred to the Committee on 
Foreign Affairs, and in addition to the Committees on Ways and Means, 
Financial Services, Oversight and Government Reform, and 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 enhance United States diplomatic efforts with respect 
to Iran by imposing additional economic sanctions 
against 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 AND TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Iran Counter-Proliferation Act of 2007’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
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Sec. 1. Short title and table of contents. 
Sec. 2. United States policy toward Iran. 
TITLE I—SUPPORT FOR DIPLOMATIC EFFORTS RELATING TO 
PREVENTING IRAN FROM ACQUIRING NUCLEAR WEAPONS 
Sec. 101. Support for international diplomatic efforts. 
Sec. 102. Peaceful efforts by the United States. 
TITLE II—ADDITIONAL BILATERAL SANCTIONS AGAINST IRAN 
Sec. 201. Application to subsidiaries. 
Sec. 202. Additional import sanctions against Iran. 
Sec. 203. Additional export sanctions against Iran. 
TITLE III—AMENDMENTS TO THE IRAN SANCTIONS ACT OF 1996 
Sec. 301. Multilateral regime. 
Sec. 302. Mandatory sanctions. 
Sec. 303. United States efforts to prevent investment. 
Sec. 304. Clarification and expansion of definitions. 
Sec. 305. Removal of waiver authority. 
TITLE IV—ADDITIONAL MEASURES 
Sec. 401. Additions to terrorism and other lists. 
Sec. 402. Increased capacity for efforts to combat unlawful or terrorist financ-
ing. 
Sec. 403. Exchange programs with the people of Iran. 
Sec. 404. Reducing contributions to the World Bank. 
Sec. 405. Restrictions on nuclear cooperation with countries assisting the nu-
clear program of Iran. 
Sec. 406. Elimination of certain tax incentives for oil companies investing in 
Iran. 
TITLE V—MISCELLANEOUS PROVISIONS 
Sec. 501. Termination. 
SEC. 2. UNITED STATES POLICY TOWARD IRAN. 
(a) FINDINGS.—Congress finds the following: 
(1) The prospect of the Islamic Republic of 
Iran achieving nuclear arms represents a grave 
threat to the United States and its allies in the Mid-
dle East, Europe, and globally. 
(2) The nature of this threat is manifold, rang-
ing from the vastly enhanced political influence ex-
tremist Iran would wield in its region, including the 
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ability to intimidate its neighbors, to, at its most 
nightmarish, the prospect that Iran would attack its 
neighbors and others with nuclear arms. This con-
cern is illustrated by the statement of Hashemi 
Rafsanjani, former president of Iran and currently a 
prominent member of two of Iran’s most important 
decision-making bodies, of December 14, 2001, when 
he said that it ‘‘is not irrational to contemplate’’ the 
use of nuclear weapons. 
(3) The theological nature of the Iranian re-
gime creates a special urgency in addressing Iran’s 
efforts to acquire nuclear weapons. 
(4) Iranian regime leaders have persistently de-
nied Israel’s right to exist. Current President 
Mahmoud Ahmadinejad has called for Israel to be 
‘‘wiped off the map’’. 
(5) The nature of the Iranian threat makes it 
critical that the United States and its allies do ev-
erything possible—diplomatically, politically, and 
economically—to prevent Iran from acquiring nu-
clear-arms capability and persuade the Iranian re-
gime to halt its quest for nuclear arms. 
(b) SENSE OF CONGRESS.—It is the sense of Con-
gress that— 
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(1) Iranian President Ahmadinejad’s persistent 
denials of the Holocaust and his repeated assertions 
that Israel should be ‘‘wiped off the map’’ may con-
stitute a violation of the Convention on the Preven-
tion and Punishment of the Crime of Genocide and 
should be brought before an appropriate inter-
national tribunal for the purpose of declaring Iran 
in breach of the Genocide Convention; 
(2) the United States should increase use of its 
important role in the international financial sector to 
isolate Iran; 
(3) Iran should be barred from entering the 
World Trade Organization (WTO) until all issues re-
lated to its nuclear program are resolved; 
(4) all future free trade agreements involving 
Iran should be conditioned on the requirement that 
the parties to such agreements pledge not to invest 
and not to allow companies based on its territory or 
controlled by its citizens to invest in Iran’s energy 
sector or otherwise to make significant investment in 
Iran; 
(5) United Nations Security Council Resolution 
1737 (December 23, 2006), which was passed unani-
mously and mandates an immediate and uncondi-
tional suspension of Iran’s nuclear enrichment pro-
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gram, represents a critical gain in the world-wide 
campaign to prevent Iran’s acquisition of nuclear 
arms and should be fully respected by all nations; 
(6) the United Nations Security Council should 
take further measures beyond Resolution 1737 to 
tighten sanctions on Iran, including preventing new 
investment in Iran’s energy sector, as long as Iran 
fails to comply with the international community’s 
demand to halt its nuclear enrichment campaign; 
(7) the United States should encourage foreign 
governments to direct state owned entities to cease 
all investment in Iran’s energy sector and all exports 
of refined petroleum products to Iran and to per-
suade, and, where possible, require private entities 
based in their territories to cease all investment in 
Iran’s energy sector and all exports of refined petro-
leum products to Iran; 
(8) moderate Arab states have a vital and per-
haps existential interest in preventing Iran from ac-
quiring nuclear arms, and therefore such states, par-
ticularly those with large oil deposits, should use 
their economic leverage to dissuade other nations, 
including the Russian Federation and the People’s 
Republic of China, from assisting Iran’s nuclear pro-
gram directly or indirectly and to persuade other na-
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tions, including Russia and China, to be more forth-
coming in supporting United Nations Security Coun-
cil efforts to halt Iran’s nuclear program; 
(9) the United States should take all possible 
measures to discourage and, if possible, prevent for-
eign banks from providing export credits to foreign 
entities seeking to invest in the Iranian energy sec-
tor; 
(10) the United States should oppose any fur-
ther activity by the International Bank for Recon-
struction and Development with respect to Iran, or 
the adoption of a new Country Assistance Strategy 
for Iran, including by seeking the cooperation of 
other countries; 
(11) the United States should extend its pro-
gram of discouraging foreign banks from accepting 
Iranian state banks as clients; 
(12) the United States should prohibit all Ira-
nian state banks from using the United States bank-
ing system; 
(13) United States federal pension plans should 
divest themselves of all non-United States companies 
investing more than $20 million in Iran’s energy 
sector; 
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(14) State and local government pension plans 
should divest themselves of all non-United States 
companies investing more than $20 million in Iran’s 
energy sector; 
(15) the United States should designate the Is-
lamic Revolutionary Guards Corps, which purveys 
terrorism throughout the Middle East and plays an 
important role in the Iranian economy, as a foreign 
terrorist organization under section 219 of the Im-
migration and Nationality Act, place the Islamic 
Revolutionary Guards Corps on the list of specially 
designated global terrorists, and place the Islamic 
Revolutionary Guards Corps on the list of weapons 
of mass destruction proliferators and their sup-
porters; and 
(16) United States concerns regarding Iran are 
strictly the result of actions of the Government of 
Iran; and 
(17) the American people have feelings of 
friendship for the Iranian people, regret that devel-
opments of recent decades have created impediments 
to that friendship, and hold the Iranian people, their 
culture, and their ancient and rich history in the 
highest esteem. 
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TITLE I—SUPPORT FOR DIPLO-
MATIC 
EFFORTS 
RELATING 
TO PREVENTING IRAN FROM 
ACQUIRING NUCLEAR WEAP-
ONS 
SEC. 101. SUPPORT FOR INTERNATIONAL DIPLOMATIC EF-
FORTS. 
It is the sense of Congress that— 
(1) the United States should use diplomatic and 
economic means to resolve the Iranian nuclear prob-
lem; 
(2) the United States should continue to sup-
port efforts in the International Atomic Energy 
Agency and the United Nations Security Council to 
bring about an end to Iran’s uranium enrichment 
program and its nuclear weapons program; and 
(3)(A) United Nations Security Council Resolu-
tion 1737 was a useful first step toward pressing 
Iran to end its nuclear weapons program; and 
(B) in light of Iran’s continued defiance of the 
international community, the United Nations Secu-
rity Council should adopt additional measures 
against Iran, including measures to prohibit invest-
ments in Iran’s energy sector. 
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SEC. 102. PEACEFUL EFFORTS BY THE UNITED STATES. 
Nothing in this Act shall be construed as authorizing 
the use of force or the use of the United States Armed 
Forces against Iran. 
TITLE 
II—ADDITIONAL 
BILAT-
ERAL 
SANCTIONS 
AGAINST 
IRAN 
SEC. 201. APPLICATION TO SUBSIDIARIES. 
(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 imposed 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 ex-
tent as if the parent 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 
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(2) the term ‘‘entity’’ means a partnership, as-
sociation, trust, joint venture, corporation, or other 
organization. 
SEC. 202. ADDITIONAL IMPORT SANCTIONS AGAINST IRAN. 
Effective 120 days after the date of the enactment 
of this Act— 
(1) goods of Iranian origin that are otherwise 
authorized to be imported under section 560.534 of 
title 31, Code of Federal Regulations, as in effect on 
March 5, 2007, may not be imported into the United 
States; and 
(2) activities otherwise authorized by section 
560.535 of title 31, Code of Federal Regulations, as 
in effect on March 5, 2007, are no longer author-
ized. 
SEC. 203. ADDITIONAL EXPORT SANCTIONS AGAINST IRAN. 
Effective on the date of the enactment of this Act— 
(1) Licenses to export or reexport goods, serv-
ices, or technology relating to civil aviation that are 
otherwise authorized by section 560.528 of title 31, 
Code of Federal Regulations, as in effect on March 
5, 2007, may not be issued, and any such license 
issued before such date of enactment is no longer 
valid; and 
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(2) goods, services, or technology described in 
paragraph (1) may not be exported or reexported. 
TITLE 
III—AMENDMENTS 
TO 
THE IRAN SANCTIONS ACT OF 
1996 
SEC. 301. MULTILATERAL REGIME. 
Section 4(b) of the Iran Sanctions Act of 1996 (50 
U.S.C. 1701 note) is amended to read as follows: 
‘‘(b) REPORTS
TO CONGRESS.—Not later than 6 
months after the date of the enactment of the Iran 
Counter-Proliferation Act of 2007 and every six months 
thereafter, the President shall submit to the appropriate 
congressional committees a report regarding specific diplo-
matic efforts undertaken pursuant to subsection (a), the 
results of those efforts, and a description of proposed dip-
lomatic efforts pursuant to such subsection. Each report 
shall include— 
‘‘(1) a list of the countries that have agreed to 
undertake measures to further the objectives of sec-
tion 3 with respect to Iran; 
‘‘(2) a description of those measures, includ-
ing— 
‘‘(A) government actions with respect to 
public or private entities (or their subsidiaries) 
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located in their territories, that are engaged in 
Iran; 
‘‘(B) any decisions by the governments of 
these countries to rescind or continue the provi-
sion of credits, guarantees, or other govern-
mental assistance to these entities; and 
‘‘(C) actions taken in international fora to 
further the objectives of section 3; 
‘‘(3) a list of the countries that have not agreed 
to undertake measures to further the objectives of 
section 3 with respect to Iran, and the reasons 
therefor; and 
‘‘(4) a description of any memorandums of un-
derstanding, political understandings, or inter-
national agreements to which the United States has 
acceded which affect implementation of this section 
or section 5(a).’’. 
SEC. 302. MANDATORY SANCTIONS. 
Section 5(a) of the Iran Sanctions Act of 1996 (50 
U.S.C. 1701 note) is amended by striking ‘‘2 or more of 
the sanctions described in paragraphs (1) through (6) of 
section 6’’ and inserting ‘‘the sanction described in para-
graph (5) of section 6 and, in addition, one or more of 
the sanctions described in paragraphs (1), (2), (3), (4), 
and (6) of such section’’. 
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SEC. 303. UNITED STATES EFFORTS TO PREVENT INVEST-
MENT. 
Section 5 of the Iran Sanctions Act of 1996 is 
amended by adding the following new subsection at the 
end: 
‘‘(g) UNITED
STATES
EFFORTS
TO
ADDRESS 
PLANNED INVESTMENT.— 
‘‘(1) REPORTS ON INVESTMENT ACTIVITY.—Not 
later than January 30, 2008, and every 6 months 
thereafter, the President shall transmit to the Com-
mittee on Foreign Affairs of the House of Rep-
resentatives and the Committee on Foreign Rela-
tions of the Senate a report on investment and pre- 
investment activity, by any person or entity, that 
could contribute to the enhancement of Iran’s ability 
to develop petroleum resources in Iran. For each 
such activity, the President shall provide a descrip-
tion of the activity, any information regarding when 
actual investment may commence, and what steps 
the United States has taken to respond to such ac-
tivity. 
‘‘(2) DEFINITION.—In this subsection— 
‘‘(A) the term ‘investment’ includes the ex-
tension by a financial institution of credit or 
other financing to a person for that person’s in-
vestment; and 
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‘‘(B) the term ‘pre-investment activity’ 
means any activity indicating an intent to make 
an investment, including a memorandum of un-
derstanding among parties indicating such an 
intent.’’ 
SEC. 304. CLARIFICATION AND EXPANSION OF DEFINI-
TIONS. 
(a) PERSON.—Section 14(13)(B) of the Iran Sanc-
tions Act of 1996 (50 U.S.C. 1701 note) is amended— 
(1) by inserting after ‘‘trust,’’ the following: ‘‘fi-
nancial institution, insurer, underwriter, guarantor, 
any other business organization, including any for-
eign subsidiaries of the foregoing,’’; and 
(2) by inserting before the semicolon the fol-
lowing: ‘‘, such as an export credit agency’’. 
(b) PETROLEUM RESOURCES.—Section 14(14) of the 
Iran Sanctions Act of 1996 (50 U.S.C. 1701 note) is 
amended by inserting after ‘‘petroleum’’ the second place 
it appears, the following: ‘‘, petroleum by-products, lique-
fied natural gas, the sale of oil or liquefied natural gas 
tankers,’’. 
SEC. 305. REMOVAL OF WAIVER AUTHORITY. 
(a) SIX-MONTH WAIVER AUTHORITY.—Section 4 of 
the Iran Sanctions Act of 1996 (50 U.S.C. 1701 note) 
is amended— 
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(1) in subsection (d)(1), by striking ‘‘except 
those with respect to which the President has exer-
cised the waiver authority under subsection (c)’’; 
(2) by striking subsection (c); and 
(3) by redesignating subsections (d), (e), and 
(f) as subsections (c), (d), and (e), respectively. 
(b) GENERAL WAIVER AUTHORITY.—Section 9 of the 
Iran Sanctions Act of 1996 (50 U.S.C. 1701 note) is 
amended by striking subsection (c). 
(c) CONSTRUCTION.—The amendments made by this 
section shall not be construed to affect any exercise of the 
authority of section 4(c) or section 9(c) of the Iran Sanc-
tions Act of 1996 as in effect on the day before the date 
of the enactment of this Act. 
TITLE IV—ADDITIONAL 
MEASURES 
SEC. 401. ADDITIONS TO TERRORISM AND OTHER LISTS. 
(a) DETERMINATIONS AND REPORT.—Not later than 
120 days after the date of the enactment of this Act, the 
President shall— 
(1) determine whether the Islamic Revolu-
tionary Guards Corps should be— 
(A) designated as a foreign terrorist orga-
nization under section 219 of the Immigration 
and Nationality Act (8 U.S.C. 1189); 
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