I 
115TH CONGRESS 
1ST SESSION H. R. 4676 
To direct the Secretary of the Treasury to prescribe regulations to expand 
sanctions against persons owned or controlled by Iran’s Revolutionary 
Guard Corps, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 18, 2017 
Mr. MCCAUL introduced the following bill; which was referred to the 
Committee on Foreign Affairs 
A BILL 
To direct the Secretary of the Treasury to prescribe regula-
tions to expand sanctions against persons owned or con-
trolled by Iran’s Revolutionary Guard Corps, 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 ‘‘Expanding Sanctions 
Against Iran’s Revolutionary Guard Corps Act’’. 
SEC. 2. FINDINGS AND SENSE OF CONGRESS. 
(a) FINDINGS.—Congress finds the following: 
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(1) Iran’s Revolutionary Guard Corps has been 
designated under— 
(A) Executive Order 13224 (September 23, 
2001; relating to Blocking Property and Pro-
hibiting Transactions with Persons who Com-
mit, Threaten to Commit, or Support Ter-
rorism); 
(B) Executive Order 13382 (June 28, 
2005; relating to Blocking Property of Weapons 
of Mass Destruction Proliferators and Their 
Supporters); 
(C) Executive Order 13553 (September 28, 
2010; relating to Blocking Property of Certain 
Persons With Respect to Serious Human 
Rights Abuses by the Government of Iran and 
Taking Certain Other Actions); and 
(D) Executive Order 13606 (April 22, 
2012; relating to Blocking the Property and 
Suspending Entry Into the United States of 
Certain Persons With Respect to Grave Human 
Rights Abuses by the Governments of Iran and 
Syria via Information Technology). 
(2) Iran’s Revolutionary Guard Corps controls 
a significant portion of Iran’s economy, and whose 
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income makes it one of Iran’s most powerful eco-
nomic actors. 
(3) Iran’s Revolutionary Guard Corps benefits 
from limited economic transparency, as dem-
onstrated by Iran’s continued failure to meet its 
intergovernmental Financial Action Task Force com-
mitments. 
(4) Iran’s Revolutionary Guard Corps carries 
out Iran’s destabilizing political goals across the 
Middle East and by proxy worldwide. 
(b) SENSE OF CONGRESS.—It is the sense of Con-
gress that— 
(1) persons who are owned or controlled by 
Iran’s Revolutionary Guard Corps should be subject 
to a 25-percent beneficial ownership threshold rather 
than majority ownership threshold with respect to 
blocking property or interests in property of such 
persons; and 
(2) such expanded sanctions would generate 
greater public scrutiny and enhanced due diligence 
procedures by the private sector and others. 
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SEC. 3. REGULATIONS TO EXPAND SANCTIONS AGAINST 
PERSONS OWNED OR CONTROLLED BY IRAN’S 
REVOLUTIONARY GUARD CORPS. 
(a) IN GENERAL.—Not later than 90 days after the 
date of the enactment of this Act, the Secretary of the 
Treasury shall prescribe regulations to apply the definition 
of ‘‘own or control’’ described in subsection (b) for pur-
poses of blocking property or interests in property pursu-
ant to the International Emergency Economic Powers Act 
(50 U.S.C. 1701 et seq.) of persons who are owned or 
controlled by Iran’s Revolutionary Guard Corps. 
(b) DEFINITION OF ‘‘OWN OR CONTROL’’.—The term 
‘‘own or control’’ described in this subsection means, with 
respect to a person— 
(1) to hold more than 25 percent of the equity 
interest by vote or value in the person; 
(2) to hold a majority of seats on the board of 
directors of the person; or 
(3) to otherwise control the actions, policies, or 
personnel decisions of the person. 
(c) PENALTIES.—A person that violates, attempts to 
violate, conspires to violate, or causes a violation of sub-
section (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 
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U.S.C. 1705) to the same extent as a person that commits 
an unlawful act described in subsection (a) of that section. 
Æ 
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