Iran Threat Reduction Act of 2009

Bill: 111-hr-1208
Sponsor: Rep. Ros-Lehtinen, Ileana [R-FL-18]
Introduced: 2009-02-26 in the House
Policy area: International Affairs
Subjects: Arms control and nonproliferation
Asia
Business ethics
Congressional oversight
Corporate finance and management
Foreign and international corporations
Government liability
Government trust funds
Immigration status and procedures
Income tax credits
International organizations and cooperation
Iran
Marine and inland water transportation
Middle East
North Korea
Nuclear power
Nuclear weapons
Oil and gas
Pipelines
Russia
Sanctions
Spacecraft and satellites
Syria
Taxation of foreign income
Technology transfer and commercialization
Terrorism
Trade restrictions
U.S. and foreign investments
Visas and passports

Summary:
action_date: 2009-02-26
text: 
Iran Threat Reduction Act of 2009 - Amends the Iran Freedom Support Act to maintain specified U.S. sanctions with respect to Iran until the President certifies to the appropriate congressional committees that Iran has verifiably dismantled its weapons of mass destruction programs and ceased its support for international terrorism. 
 
Amends the Iran Sanctions Act of 1996 to: (1) include transshipment among sanctionable activities; and (2) exclude from the United States an alien who is a senior government official of a foreign government or a corporate principal or significant shareholder of a foreign person involved in proliferation activities relating to Iran.
 
Expands: (1) the scope of sanctionable &quot;persons&quot; to include any business organization and any foreign subsidiary or affiliate; and (2) the definition of "petroleum resources" to include petroleum byproducts, oil or liquefied natural gas or liquefied natural gas tankers, and products used to construct or maintain pipelines used to transport oil or compressed or liquefied natural gas.
 

 
Prohibits, with a discretionary waiver, U.S. importation of Iranian products other than information materials.
 
Subjects an entity to penalties for violations of certain sanctions committed by a subsidiary established by such entity outside of the United States that would be subject to prohibitions if committed inside the United States or by a U.S. person. 
 
Authorizes the President to impose sanctions on principal executive officers of sanctioned persons.
 
Amends the Iran, North Korea, and Syria Nonproliferation Act to include within the scope of such Act persons involved in the transshipment of certain goods, services, or technology.
 
Prohibits service module payments to the Russian Aviation and Space Agency.
 
Sets forth provisions regarding divestment from Iran's energy sector.
 
Amends the Internal Revenue Code to: (1) deny a foreign tax credit to a taxpayer engaged in business activity with Iran that is prohibited by U.S. law; and (2) set forth income tax provisions respecting a foreign corporation engaged in business activity with Iran that is prohibited by U.S. law.
 
Establishes the Compensation for Former United States Hostages in Iran Fund. Identifies claims to be paid.
 
Establishes restrictions on nuclear cooperation with a country that is assisting the nuclear program of, or transferring advanced conventional weapons or missiles to, Iran.


Legislative actions:
action_date: 2009-07-23
text: Referred to the Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law.
action_date: 2009-04-22
text: Referred to the Subcommittee on Workforce Protections.
action_date: 2009-03-05
text: Referred to the Subcommittee on Space and Aeronautics.
action_date: 2009-02-26
text: Referred to House Science and Technology
action_date: 2009-02-26
text: Referred to House Education and Labor
action_date: 2009-02-26
text: Referred to House Judiciary
action_date: 2009-02-26
text: Referred to House Ways and Means
action_date: 2009-02-26
text: Referred to House Oversight and Government Reform
action_date: 2009-02-26
text: Referred to House Financial Services
action_date: 2009-02-26
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Oversight and Government Reform, Ways and Means, the Judiciary, Education and Labor, and Science and Technology, 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: 2009-02-26
text: Referred to House Foreign Affairs
action_date: 2009-02-26
text: Introduced in House
action_date: 2009-02-26
text: Introduced in House