Bill · H.R. 348· House(119-HR-348)
Stop Corrupt Iranian Oligarchs and Entities Act
- Introduced
- 1/13/2025
- Last activity
- 1/13/2025 — Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Sponsored by
- David Kustoff
- Cosponsors
- - 2 - 2
- Introduced
- In Committee
What this bill would do
This bill, titled the "Stop Corrupt Iranian Oligarchs and Entities Act," requires the Secretary of the Treasury to submit a detailed report to congressional committees. The report must investigate senior foreign political figures, oligarchs, and parastatal entities in Iran. It specifically seeks to identify their net worth, relationships to the Iranian ruling elite, and known sources of income for themselves and their families. Additionally, the report must assess the emergence and role of Iranian parastatal entities in the Iranian economy. The legislation also requires information on the exposure of key U.S. economic sectors to these Iranian entities and persons. Finally, it must analyze the potential effects of imposing further sanctions or debt and equity restrictions.
Yes
Does this give people more protection from unfair business practices?+2
The bill requires investigating the exposure of U.S. banking, securities, insurance, and real estate sectors to Iranian entities to help mitigate risks.
Would business owners be better off under this?+1
The bill seeks to identify and potentially restrict the influence of Iranian entities on key U.S. economic sectors like banking and real estate.
Does this strengthen ties with allied countries?+1
The bill analyzes the potential impacts of sanctions on the economies of the United States and its allies.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Protection of U.S. Economic Sectors: The bill seeks information regarding the exposure of key U.S. sectors—specifically banking, securities, insurance, and real estate—to Iranian politically affiliated persons and entities (Section 2(a)(3)). This could help protect these industries from external economic risks.
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Analysis of Sanction Impacts: The report must evaluate the likely effects of imposing debt and equity restrictions or adding entities to the Specially Designated Nationals list (Section 2(a)(4)). This allows for an assessment of how specific economic pressures might impact the Iranian economy and the economies of the United States and its allies (Section 2(a)(5)).
Potential Negative Impacts for People
- Economic Uncertainty: The bill requires the government to study the impacts of imposing new sanctions or debt and equity restrictions on various entities and the Iranian economy (Section 2(a)(5)). Such actions could have broader economic consequences for the United States and its allies.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Consumer Protection+2
- Demographic And Interest Groups
- Good For Business Owners+1
- National Security And Foreign Policy
- Improves International Alliances+1
- 5/15/2025
- 1 Cosponsor added.
- 4/10/2025
- 1 Cosponsor added.
- 4/8/2025
- 1 Cosponsor added.
- 1/13/2025
- Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 1 Cosponsor added.
- Introduced in House
Michael BaumgartnerRepublican · Washington
Josh GottheimerDemocrat · New Jersey
Abraham HamadehRepublican · Arizona
Thomas SuozziDemocrat · New York