S. 366 (112th): Iran Transparency and Accountability Act of 2011

Introduced:
Feb 16, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Kirsten Gillibrand
Senator from New York
Party
Democrat
Text
Read Text »
Last Updated
Feb 16, 2011
Length
6 pages
Related Bills
H.R. 740 (identical)

Referred to Committee
Last Action: Feb 16, 2011

S. 2101 (Related)
Iran Sanctions, Accountability, and Human Rights Act of 2012

Reported by Committee
Last Action: Feb 13, 2012

 
Status

This bill was introduced on February 16, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Feb 16, 2011
Referred to Committee Feb 16, 2011
 
Full Title

A bill to require disclosure to the Securities and Exchange Commission of certain sanctionable activities, and for other purposes.

Summary

No summaries available.

Cosponsors
11 cosponsors (8D, 3R) (show)
Committees

Senate Banking, Housing, and Urban Affairs

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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Citation

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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.


2/16/2011--Introduced.
Iran Transparency and Accountability Act of 2011 - Amends the Securities Exchange Act of 1934 to require securities issuers to disclose in their mandatory annual or quarterly reports to the Securities and Exchange Commission (SEC) whether they or their affiliates have:
(1) engaged in certain activities relating to Iran, terrorism, and the proliferation of weapons of mass destruction;
(2) knowingly engaged in specified activities, or knowingly violated certain regulations prescribed under the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010;
(3) knowingly conducted any transaction or dealing with a person whose property and interests in property are blocked by certain Executive Orders; or
(4) knowingly conducted a transaction or dealing with any person listed in the Iranian Transactions Regulations.
Specifies the contents of mandatory disclosures.
Requires the President to: (1) initiate an investigation into the possible imposition of sanctions when the SEC receives a report that an issuer or its affiliate has engaged in the cited activities; and (2) determine within 180 days of initiating an investigation whether sanctions should be imposed on the issuer or the affiliate concerned.
Directs the SEC to make publicly available the information it has received, and to provide it to the President and to certain congressional committees.
Requires promulgation within 90 days after enactment of this Act of regulations governing financial institutions maintaining accounts for foreign financial institutions.

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

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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