Iran Sanctions Enhancement Act of 2007

Bill: 110-hr-2880
Sponsor: Rep. Kirk, Mark Steven [R-IL-10]
Introduced: 2007-06-27 in the House
Policy area: International Affairs
Subjects: Commerce
Commercial blacklisting
Congress and foreign policy
Congressional oversight
Congressional reporting requirements
Energy
Energy development
Foreign Trade and International Finance
Foreign investments
Government Operations and Politics
Imports
Iran
Middle East and North Africa
Petroleum
Petroleum industry
President and foreign policy
Sanctions (International law)

Summary:
action_date: 2007-06-27
text: 
Iran Sanctions Enhancement Act of 2007 - Amends the Iran Sanctions Act of 1996 to direct the President to impose two or more sanctions under such Act if a person has, with actual knowledge: (1) made an investment of $20 million or more (or any combination of investments of at least $5 million which in the aggregate equals or exceeds $20 million in any 12-month period) that directly and significantly contributed to Iran's ability to develop its petroleum resources; or (2) on or after December 31, 2007, provided Iran with refined petroleum resources or engaged in an activity that could contribute to the enhancement of Iran's ability to import refined petroleum resources. (Under current law, imposes sanctions upon investments of $40 million and does not include refined petroleum resource imports.)
 
Extends existing presidential waiver authority to such activities. 
 
Directs the President to report to the appropriate congressional committees every six months on such activities.


Legislative actions:
action_date: 2007-07-03
text: Referred to the Subcommittee on Trade.
action_date: 2007-06-28
text: Sponsor introductory remarks on measure. (CR H7346)
action_date: 2007-06-27
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Oversight and Government Reform, and Ways and Means, 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.
action_date: 2007-06-27
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Oversight and Government Reform, and Ways and Means, 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.
action_date: 2007-06-27
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Oversight and Government Reform, and Ways and Means, 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.
action_date: 2007-06-27
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Oversight and Government Reform, and Ways and Means, 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.
action_date: 2007-06-27
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Oversight and Government Reform, and Ways and Means, 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.
action_date: 2007-06-27
text: Introduced in House
action_date: 2007-06-27
text: Introduced in House