H.R. 957 (110th): To amend the Iran Sanctions Act of 1996 to expand and clarify the entities against which sanctions may be imposed.

Introduced:
Feb 08, 2007 (110th Congress, 2007–2009)
Sponsor:
Rep. Ileana Ros-Lehtinen [R-FL18]
Status:
Died (Passed House)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced in a previous session of Congress and was passed by the House on July 31, 2007 but was never passed by the Senate.

Progress
Introduced Feb 08, 2007
Referred to Committee Feb 08, 2007
Reported by Committee Feb 08, 2007
Referred to Committee Feb 15, 2007
Reported by Committee Feb 15, 2007
Passed House Jul 31, 2007
Votes

House Vote on Passage
Jul 31, 2007 3:08 p.m.
Passed 415/11

Cosponsors
59 cosponsors (41R, 18D) (show)
Committees

House Financial Services

House Foreign Affairs

House Oversight and Government Reform

House Ways and Means

Senate Banking, Housing, and Urban Affairs

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Aug 03, 2007.
5 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

7/31/2007--Passed House amended.
Amends the Iran Sanctions Act of 1996 to redefine:
(1) "person" to include financial institutions, insurers, underwriters, guarantors, other business organizations including foreign subsidiaries, and export credit agencies; and
(2) "petroleum resources" to include petroleum refining capacity and liquified natural gas.
States that such amendments shall not be construed to require the imposition of sanctions against any natural person or entity that is not specifically described in the definition of "person" (as redefined by this Act). Subjects a parent company to sanctions for activities of an entity for an act outside the United States which if committed in the United States or by a U.S. person would violate Executive Order No. 12959, Executive Order No. 13059, or any other prohibition on transactions with respect to Iran under the International Emergency Economic Powers Act if the entity was created or availed of in order to engage in such an act.
States that such provision shall not apply to any act carried out under a contract or obligation if:
(1) the contract or obligation existed on May 22, 2007, unless such contract or obligation is extended in time or expanded to cover additional activities beyond the terms of the contract or obligation as it existed on May 22, 2007; or
(2) the parent company acquired the entity not knowing, and not having reason to know, that such contract or obligation existed, unless such contract or obligation is extended in time or expanded to cover additional activities beyond the terms of such contract or obligation as it existed at the time of acquisition.
Defines "parent company," "United States person," and "entity."

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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