US Congress House Bill 4448 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 38-0)
Status: Introduced on February 3 2016 - 25% progression, died in committee
Action: 2016-02-03 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

State Sanctions Against Iranian Terrorism Act This bill amends the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to specify that a state may, in addition to limiting investment in Iran's energy sector, prohibit or limit any person from engaging in specified investment activities in Iran. A state may also enter into interstate compacts to prohibit or limit such financial activities. Enforcement of such measures may include the imposition of disclosure and transparency requirements. The description of "investment activities" is revised to: (1) reduce the threshold for financial involvement from $20 million to $10 million; and (2) include, in addition to the energy sector, involvement in a business enterprise in Iran, including an entity owned or controlled by the Iranian government. The bill declares that a state or local government measure authorized pursuant to the Act is: (1) authorized and not preempted by any federal law or regulation, or any policy, agreement, or exercise of waiver authority of the executive branch; and (2) is consistent with U.S. federal policy, including U.S. foreign policy. A state or local government may enforce a measure adopted before the enactment of this Act that: (1) provides for the divestment of state or local assets from, or prohibits the investment of those assets in, any person that engages in investment activities in Iran or other business activities in Iran identified in the measure; or (2) prohibits or limits any person from engaging in investment activities in Iran.

State Sanctions Against Iranian Terrorism Act

Rep. Ron DeSantis [R-FL]	Rep. Doug Lamborn [R-CO]	Rep. Ander Crenshaw [R-FL]	Rep. Todd Rokita [R-IN]
Rep. Lamar Smith [R-TX]	Rep. Dana Rohrabacher [R-CA]	Rep. Gregg Harper [R-MS]	Rep. Mike Bishop [R-MI]
Rep. Dennis Ross [R-FL]	Rep. Chris Collins [R-NY]	Rep. Scott DesJarlais [R-TN]	Rep. Ted Yoho [R-FL]
Rep. Matt Salmon [R-AZ]	Rep. Curt Clawson [R-FL]	Rep. Randy Weber [R-TX]	Rep. Scott Perry [R-PA]
Rep. Mark Meadows [R-NC]	Rep. Jim Jordan [R-OH]	Rep. Lee Zeldin [R-NY]	Rep. Mark Walker [R-NC]
Sen. Martha McSally [R-AZ]	Rep. Michael Burgess [R-TX]	Rep. Earl Carter [R-GA]	Rep. Pete Olson [R-TX]
Rep. Robert Pittenger [R-NC]	Rep. Bill Posey [R-FL]	Rep. Mia Love [R-UT]	Rep. Marlin Stutzman [R-IN]
Rep. David Schweikert [R-AZ]	Rep. Steve King [R-IA]	Rep. Dave Brat [R-VA]	Rep. Leonard Lance [R-NJ]
Rep. Richard Nugent [R-FL]	Rep. Bob Gibbs [R-OH]	Rep. Roger Williams [R-TX]	Rep. Tom Price [R-GA]
Rep. John Ratcliffe [R-TX]	Rep. Pete Sessions [R-TX]

Date	Chamber	Action
2016-02-03	House	Referred to the House Committee on Financial Services.
2016-02-03	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/4448/all-info
Text	https://www.congress.gov/114/bills/hr4448/BILLS-114hr4448ih.pdf