S.3516 - Iranian Revolutionary Guard Corps Economic Exclusion Act115th Congress (2017-2018)
|Sponsor:||Sen. Hatch, Orrin G. [R-UT] (Introduced 09/26/2018)|
|Committees:||Senate - Foreign Relations|
|Latest Action:||Senate - 09/26/2018 Read twice and referred to the Committee on Foreign Relations. (All Actions)|
This bill has the status Introduced
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Summary: S.3516 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (09/26/2018)
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.