H.R.5132 - Iranian Revolutionary Guard Corps Economic Exclusion Act115th Congress (2017-2018)
|Sponsor:||Rep. Royce, Edward R. [R-CA-39] (Introduced 03/01/2018)|
|Committees:||House - Foreign Affairs; Financial Services; Oversight and Government Reform; Judiciary; Ways and Means|
|Latest Action:||House - 03/07/2018 Referred to the Subcommittee on Trade. (All Actions)|
This bill has the status Introduced
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Summary: H.R.5132 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (03/01/2018)
Iranian Revolutionary Guard Corps Economic Exclusion Act
This bill expands sanctions against Iran's Islamic Revolutionary Guard Corps (IRGC).
The President shall report to Congress regarding:
- foreign and domestic supply chains that significantly aid the IRGC;
- Iranian state-owned entities that provide support to terrorist entities, including Mahan Air; and
- foreign persons owned or controlled by the IRGC, including companies listed on the Tehran Stock Exchange or companies with a value in excess of $100 million.
The bill states that it is U.S. policy to prevent Iran's membership in the World Trade Organization and similar international bodies as long as Iran remains a state sponsor of terrorism.