SEC. 7. SENSE OF THE CONGRESS REGARDING THRIFT SAV-
INGS PLAN. 
It is the sense of the Congress that the Federal Retire-
ment Thrift Investment Board should initiate efforts to pro-
vide a terror-free international investment option among 
the funds of the Thrift Savings Fund that would invest in 
stocks in which the International Stock Index Investment 
Fund may invest under section 8438(b)(4) of title 5, United 
States Code, other than the stock of companies that do busi-
ness in any country the government of which the Secretary 
of State has determined, for purposes of section 6(j) of the 
Export Administration Act of 1979 (as continued in effect 
pursuant to the International Emergency Economic Powers 
Act), section 40 of the Arms Export Control Act, section 
620A of the Foreign Assistance Act of 1961, or other provi-
sion of law, is a government that has repeatedly provided 
support for acts of international terrorism. 
SEC. 8. DEFINITIONS. 
In this Act: 
(1) IRAN.—The term ‘‘Iran’’ includes any agency 
or instrumentality of Iran. 
(2) ENERGY SECTOR.—The term ‘‘energy sector’’ 
refers to activities to develop petroleum or natural gas 
resources. 
(3) PERSON.—The term ‘‘person’’ means— 
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(A) a natural person as well as a corpora-
tion, business association, partnership, society, 
trust, any other nongovernmental entity, organi-
zation, or group; 
(B) any governmental entity or instrumen-
tality of a government, including an inter-
national financial institution; and 
(C) any successor, subunit, or subsidiary of 
any entity described in subparagraph (A) or (B). 
(4) STATE.—The term ‘‘State’’ includes the Dis-
trict of Columbia, the Commonwealth or Puerto Rico, 
the Virgin Islands, Guam, American Samoa, and the 
Commonwealth of the Northern Mariana Islands. 
(5) STATE OR LOCAL GOVERNMENT.— 
(A) IN GENERAL.—The term ‘‘State or local 
government’’ includes— 
(i) any State and any agency or in-
strumentality thereof; 
(ii) any local government within a 
State, and any agency or instrumentality 
thereof; and 
(iii) any public institution of higher 
education. 
(B) PUBLIC INSTITUTION OF HIGHER EDU-
CATION.—The term ‘‘public institution of higher 
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education’’ means a public institution of higher 
education within the meaning of the Higher 
Education Act of 1965. 
(6) INTERNATIONAL
FINANCIAL
INSTITUTION.— 
The term ‘‘international financial institution’’ means 
the International Bank for Reconstruction and Devel-
opment, the International Monetary Fund, and the 
United Nations. 
SEC. 9. SUNSET. 
This Act shall terminate 30 days after the date on 
which the President has certified to Congress that— 
(1) the Government of Iran has ceased providing 
support for acts of international terrorism and no 
longer satisfies the requirements for designation as a 
state-sponsor of terrorism for purposes of section 6(j) 
of the Export Administration Act of 1979, section 
620A of the Foreign Assistance Act of 1961, section 
40 of the Arms Export Control Act, or any other pro-
vision of law; and 
(2) Iran has ceased the pursuit, acquisition, and 
development of nuclear, biological, and chemical 
weapons and ballistic missiles and ballistic missile 
launch technology. 
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Union Calendar No. 179 
110TH CONGRESS 
1ST SESSION 
H. R. 2347 
[Report No. 110–277, Part I] 
A BILL 
To authorize State and local governments to direct 
divestiture from, and prevent investment in, com-
panies with investments of $20,000,000 or more 
in Iran’s energy sector, and for other purposes. 
JULY 30, 2007 
Reported from the Committee on Financial Services with 
an amendment 
JULY 30, 2007 
Committed to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
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