S. 970 (110th): Iran Counter-Proliferation Act of 2007

Introduced:
Mar 22, 2007 (110th Congress, 2007–2009)
Status:
Died (Referred to Committee)
See Instead:

H.R. 3390 (same title)
Referred to Committee — Aug 03, 2007

Sponsor
Gordon Smith
Senator from Oregon
Party
Republican
Text
Read Text »
Last Updated
Mar 22, 2007
Length
25 pages
Related Bills
H.R. 3390 (Related)
Iran Counter-Proliferation Act of 2007

Referred to Committee
Last Action: Aug 03, 2007

S. 3227 (Related)
Iran Sanctions Act of 2008

Reported by Committee
Last Action: Jul 07, 2008

 
Status

This bill was introduced on March 22, 2007, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 22, 2007
Referred to Committee Mar 22, 2007
 
Full Title

A bill to impose sanctions on Iran and on other countries for assisting Iran in developing a nuclear program, and for other purposes.

Summary

No summaries available.

Cosponsors
72 cosponsors (36R, 35D, 1I) (show)
Committees

Senate Finance

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


3/22/2007--Introduced.
Iran Counter-Proliferation Act of 2007 - Amends the Iran Sanctions Act of 1996 to expand the definitions of "petroleum resources" and "person."
Expresses the sense of Congress concerning certain sanctions against Iran.
Subjects Russia to specified nuclear energy cooperation prohibitions unless the President certifies to Congress that: (1) Russia has suspended all nuclear assistance and transfers of advanced conventional weapons and missiles to Iran; or (2) Iran has verifiably dismantled all nuclear enrichment-related and reprocessing-related programs.
Subjects Iran to specified economic sanctions unless the President certifies to Congress that Iran has verifiably dismantled all nuclear enrichment-related and reprocessing-related programs.
Subjects, with respect to prohibited transactions with Iran, a parent company to penalties for violations committed by certain subsidiaries outside the United States that would be subject to prohibitions if committed inside the United States or by a U.S. person.
Amends the Internal Revenue Code to eliminate specified geological and geophysical expense amortization benefits if petroleum-related sanctions are imposed under the Iran Sanctions Act of 1996 on any member of an expanded affiliated group whose common parent is a foreign corporation. Revises the definition of "affiliated group."
Directs the President to reduce annual U.S. contributions to the International Bank for Reconstruction and Development (World Bank) based upon Bank amounts provided to entities and projects in Iran.
Authorizes appropriations for the Department of the Treasury's Office of Terrorism and Financial Intelligence.
Requires the Director of National Intelligence to submit to Congress an updated National Intelligence Estimate on Iran.
Authorizes the President to: (1) carry out exchange programs with the people of Iran; and (2) make voluntary grant-based contributions to the International Atomic Energy Agency (IAEA) for the establishment of an international nuclear fuel bank to maintain a reserve of low-enriched uranium in case of a disruption in the supply of reactor fuel by normal market mechanisms.
Sets forth specified Iran investment-related reporting requirements.

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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