[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 4761 Introduced in Senate (IS)]
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118th CONGRESS
2d Session
S. 4761
To require increased duties for goods and services imported from
countries that import crude oil or petroleum products produced in the
Islamic Republic of Iran.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
July 24, 2024
Mr. Graham introduced the following bill; which was read twice and
referred to the Committee on Finance
_______________________________________________________________________
A BILL
To require increased duties for goods and services imported from
countries that import crude oil or petroleum products produced in the
Islamic Republic of Iran.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Tariffs for Terrorism Act of 2024''.
SEC. 2. FINDINGS.
Congress makes the following findings:
(1) Since the Iranian Revolution in 1979, the Islamic
Republic of Iran has engaged in acts of international terrorism
and continuously threatened the United States, Israel, and
other allies and partners of the United States.
(2) On January 19, 1984, the United States designated the
Islamic Republic of Iran as a state sponsor of terrorism for
repeatedly providing support for acts of international
terrorism.
(3) Under Ayatollah Ali Khamenei, the Islamic Republic of
Iran has advanced its ballistic missile program and is, in
2024, home to the largest and most diverse ballistic missile
arsenal in the Middle East.
(4) Under Ayatollah Ali Khamenei, the nuclear program of
the Islamic Republic of Iran has grown considerably in scale
and scope, posing serious threats to the security interests of
the United States, Israel, and other allies and partners of the
United States.
(5) On May 22, 2020, Ayatollah Ali Khamenei stated, ``The
Zionist regime [Israel] is a deadly, cancerous tumor in the
region. It will undoubtedly be uprooted and destroyed.''.
(6) On December 2, 2022, the Director General of the
International Atomic Energy Agency, Rafael Grossi, stated,
``Iran informed us they were tripling, not doubling, tripling
their capacity to enrich uranium at 60 percent, which is very
close to military level, which is 90 percent.''.
(7) On January 25, 2023, Director General Grossi stated
that the Islamic Republic of Iran had amassed enough nuclear
material to produce ``several nuclear weapons''.
(8) An Islamic Republic of Iran that possesses a nuclear
weapons capability would pose--
(A) a serious threat to the national security of
the United States, allies and partners of the United
States, and the stability of the Middle East and
beyond; and
(B) a threat of existential dimensions to the State
of Israel.
(9) Oil sanctions have been inadequacy enforced, allowing
the Islamic Republic of Iran to generate billions of dollars to
finance proxies such as Hamas and Hezbollah.
SEC. 3. INCREASES IN DUTIES ON GOODS AND SERVICES IMPORTED FROM
COUNTRIES THAT IMPORT OIL PRODUCED IN ISLAMIC REPUBLIC OF
IRAN.
(a) In General.--Notwithstanding any other provision of law, the
President shall increase, to a rate of not less than the equivalent of
500 percent ad valorem, the rate of duty applicable to all goods and
services imported into the United States from any foreign country that
the President determines purchases, trades, consumes, or imports crude
oil or petroleum products produced in the Islamic Republic of Iran.
(b) Imposition of Duties.--Not later than 90 days after the date of
the enactment of this Act, and every 120 days thereafter, the President
shall--
(1) identify countries described in subsection (a); and
(2) increase the rates of duty applicable to goods and
services imported from such countries as necessary to comply
with subsection (a).
(c) Recommendations for Higher Rate.--The United States Trade
Representative, in consultation with the Secretary of the Treasury, the
Secretary of Commerce, and the heads of other relevant Federal
agencies, shall provide recommendations to the President with respect
to goods and services described in subsection (a) that should be
subject to a rate of duty that exceeds the equivalent of 500 percent ad
valorem.
(d) Duty Rate in Addition to Antidumping and Countervailing
Duties.--The rate of duty required under subsection (a) with respect to
a good or service described in that subsection shall be in addition to
any antidumping or countervailing duty applicable with respect to the
good or service under title VII of the Tariff Act of 1930 (19 U.S.C.
1671 et seq.).
(e) Notice Requirements.--
(1) Notice to and consultation with congress.--Before
increasing under subsection (a) the rates of duty applicable to
goods and services imported from a country described in that
subsection, the President shall provide notice to and consult
with the Committee on Finance of the Senate and the Committee
on Ways and Means of the House of Representatives regarding the
increase.
(2) Publication.--Not less than 45 days before the
effective date of any increase under subsection (a) in the
rates of duty applicable to goods and services imported from a
country described in that subsection, the President shall
publish notice of the increase in the Federal Register.
(f) Termination.--The President shall terminate the application of
any increase under subsection (a) in the rates of duty applicable to
goods and services imported from a country described in that subsection
effective on the date on which the President certifies in writing to
Congress that the country is no longer purchasing, trading, consuming,
or importing crude oil or petroleum products produced in the Islamic
Republic of Iran.
(g) Petroleum Products Defined.--In this section, the term
``petroleum products'' includes unfinished oils, liquefied petroleum
gases, pentanes plus, aviation gasoline, motor gasoline, naphtha-type
jet fuel, kerosene-type jet fuel, kerosene, distillate fuel oil,
residual fuel oil, petrochemical feedstocks, special naphthas,
lubricants, waxes, petroleum coke, asphalt, road oil, still gas, and
miscellaneous products obtained from the processing of crude oil
(including lease condensate), natural gas, and other hydrocarbon
compounds.
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