,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #dbeh  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #ae1 #bjae   
,mr4 ,roskam 7= himself1 ,mr4 ,nunes1   
,mr4 ,pompeo1 & ,mr4 ,zeld97 introduc$ !
 foll[+ bill2 :i* 0 ref]r$ to !         
,committee on ,=eign ,affairs1 & 9      
addition to ! ,committee on ,f9ancial   
,s]vices1 = a p]iod to be subsequ5tly   
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to impose sanctions aga9/ any 
entity ) respect to :i* ,iran's         
,revolution>y ,gu>d ,corps owns1        
directly or indirectly1 a #bj p]c5t or  
great] int]e/ 9 ! entity1 & = o!r       
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,qu>ant9+ ! ,ayatollah's   
,/ate-,sponsor$ ,aggression & ,militancy
 7,,qassam7 ,act4  ,i ,iran's           
,revolution>y ,gu>d ,corps ,wat* ,li/ & 
,report  #aja4 ,f9d+s ,congress f9ds !  
foll[+3  7#a7 ,iran's ,revolution>y     
,gu>d ,corps 7,,irgc7 ?reat5s ! national

 security ( ! ,unit$ ,/ates & ,unit$    
,/ates allies4  7#b7 ,! ,,irgc provides 
direct sponsor%ip & support to num]\s   
=eign t]rori/ organizations1 includ+    
,hamas & ,hezbollah1 & ma9ta9s support =
 ! ,ba%> al-,assad regime 9 ,syria :i*  
is responsible = hundr$s ( ?\s&s (      
dea?s4  7#c7 ,! ,unit$ ,/ates holds !   
,,irgc responsible = sev]e & cont9u+    
human rights violations aga9/ ! ,iranian
 p1 includ+ unlawful arre/s1 torture1 & 
h>assm5t4  7#d7 ,! ,unit$ ,/ates        
curr5tly upholds sanctions aga9/ !      
,,irgc = its support ( t]rorism & human 
rights abuses4  7#e7 ,! ,(fice ( ,=eign 
,assets ,control ( ! ,dep>tm5t ( !      
,treasury curr5tly includes ! ,,irgc on 
! li/ ( specially designat$ nationals & 
block$ p]sons ma9ta9$ by ! ,(fice (     
,=eign ,assets ,control ( ! ,dep>tm5t ( 
! ,treasury 79 ?is section ref]r$ to z !
 ,,sdn li/74  7#f7 ,! ,(fice ( ,=eign   
,assets ,control ( ! ,dep>tm5t ( !      
,treasury includes on ! ,,sdn li/       
entities 9 :i* ! ,,irgc owns a #ej p]c5t

 or great] int]e/4 ,! inclusion ( an    
entity on ! ,,sdn li/ results 9 ! block+
 ( all assets & prop]ty ( su* entity4   
,?is regulation1 commonly t]m$ ! #ej    
p]c5t rule1 is codifi$ 9 section        
#efa4dje ( title #ca1 ,code ( ,f$]al    
,regulations1 & is ! /&>d us$ by !      
,(fice ( ,=eign ,assets ,control :5     
det]m9+ own]%ip ( entities own$ or      
controll$ by block$ or sanction$ p]sons4
  7#g7 ,! ,,irgc ma9ta9s a p[]ful &     
expansive pres5ce ?r\gh\t ,iran's       
f9ancial1 comm]cial1 & oil sectors1     
own+1 controll+1 op]at+1 & influ5c+     
,iranian entities :ile produc+ rev5ues  
e/imat$ 9 ! billions ( doll>s4 ,accord+ 
to ! ,dep>tm5t ( ! ,treasury1 ,! ,,irgc 
has a gr[+ pres5ce 9 ,iran's f9ancial & 
comm]cial sectors & ext5sive economic   
int]e/s 9 ! def5se production1          
con/ruction1 & oil indu/ries1 controll+ 
billions ( doll>s 9 corporate bus9ess44 
7#h7 ,! ,,irgc has cont9u\sly practic$  
sanctions evasion & deceptive bus9ess   
practices to conceal its own]%ip ov]    

,iranian entities1 own+ num]\s ,iranian 
entities :i* are n on ! ,,sdn li/       
because ,,irgc own]%ip is bel[ #ej      
p]c5t1 leav+ su* entities unsanction$ & 
op5 to bus9ess4  7#i7 ,z sanctions are  
lift$ & ,iran becomes m op5 to          
int]national comm]ce1 ! int]national    
community mu/ be aw>e ( any & all       
entities t are ,,irgc-own$1 -controll$1 
-op]at$1 or influ5c$1 includ+ ^?        
entities t d n make ! ?re%old to be     
includ$ on ! ,,sdn li/4  #ajb4          
,imposition ( sanctions aga9/ entities  
own$ 9 :ole or 9 "p by ,,irgc  7a7 ,9   
g5]al ,! ,presid5t %all impose !        
sanctions describ$ 9 subsection 7b7     
aga9/ any entity ) respect to :i*       
,iran's ,revolution>y ,gu>d ,corps owns1
 directly or indirectly1 a #bj p]c5t or 
great] int]e/ 9 ! entity1 reg>dless (   
:e!r ! entity itself is includ$ on ! li/
 ( specially designat$ nationals &      
block$ p]sons ma9ta9$ by ! ,(fice (     
,=eign ,assets ,control ( ! ,dep>tm5t ( 
! ,treasury4  7b7 ,sanctions describ$   

7#a7 ,9 g5]al ,! block+1 9 accordance ) 
! ,int]national ,em]g5cy ,economic ,p[]s
 ,act 7#ej ,u4,s4,c4 #agja et seq471 (  
all transactions 9 all prop]ty & int]e/s
 9 prop]ty ( an entity if su* prop]ty & 
int]e/s 9 prop]ty are 9 ! ,unit$ ,/ates1
 come )9 ! ,unit$ ,/ates1 or are or come
 )9 ! possession or control ( a ,unit$  
,/ates p]son4  7#b7 ,inapplicability (  
national em]g5cy requirem5t ,!          
requirem5ts ( section #bjb ( !          
,int]national ,em]g5cy ,economic ,p[]s  
,act 7#ej ,u4,s4,c4 #agja7 %all n apply 
= purposes ( ?is section4  7c7          
,def9itions ,9 ?is section3 7#a7 ,p]son 
,! t]m p]son means an individual or     
entity4  7#b7 ,unit$ ,/ates p]son ,! t]m
 ,unit$ ,/ates p]son means-- 7,a7 a     
,unit$ ,/ates citiz5 or an ali5 lawfully
 admitt$ = p]man5t resid5ce to ! ,unit$ 
,/ates2 or  7,b7 an entity organiz$ "u !
 laws ( ! ,unit$ ,/ates or ( any        
jurisdiction )9 ! ,unit$ ,/ates1 includ+
 a =eign bran* ( su* an entity4  #ajc4  
,,irgc ,wat* ,li/ & report  7a7 ,9 g5]al

 ,! ,secret>y ( ! ,treasury %all        
e/abli%1 ma9ta91 & publi% 9 ! ,f$]al    
,regi/] a li/ ( ea* entity ) respect to 
:i* ,iran's ,revolution>y ,gu>d ,corps--
  7#a7 owns1 directly or indirectly1 any
 int]e/ t is less ?an #bj p]c5t 9 !     
entity2 or  7#b7 does n own any int]e/ 9
 ! entity b ma9ta9s a pres5ce on ! bo>d 
( directors ( ! entity or o!rwise       
influ5ces ! actions1 policies1 or       
p]sonnel decisions ( ! entity4  7b7     
,report ,n lat] ?an #ij days aft] ! date
 ( ! enactm5t ( ! ,act1 & annually      
!reaft]1 ! ,secret>y ( ! ,treasury %all 
submit to ,congress a report on any     
*anges to ! li/ requir$ by subsection   
7a74  7c7 ,ref]5ce ,! li/ requir$ by    
subsection 7a7 %all be kn[n z ! ,,irgc  
,wat* ,li/4  #ajd4 ,def9itions ,except z
 o!rwise provid$1 9 ?is title3  7#a7    
,entity ,! t]m entity means any         
corporation1 bus9ess association1       
p>tn]%ip1 tru/1 society1 or any o!r     
entity4  7#b7 ,,irgc ,! t]m ,,irgc means
 ,iran's ,revolution>y ,gu>d ,corps4    

,,ii ,o!r provisions  #bja4 ,au?ority ( 
,/ates & local gov]nm5ts to dive/ f     
c]ta9 companies t engage 9 inve/m5t or  
bus9ess activities ) ,iran's            
,revolution>y ,gu>d ,corps  7a7 ,9 g5]al
 ,subtitle ,b ( title ,,iii ( ! ,iran   
,?reat ,r$uction & ,syria ,human ,rights
 ,act ( #bjab 7,public ,law #aab-aeh2   
#abf ,/at4 #abdg71 is am5d$ by add+ at !
 end ! foll[+3  #cac4 ,au?ority ( ,/ates
 & local gov]nm5ts to dive/ f p]sons t  
engage 9 inve/m5t or bus9ess activities 
) ,iran's ,revolution>y ,gu>d ,corps    
7a7 ,s5se ( ,congress ,x is ! s5se (    
,congress t ! ,unit$ ,/ates %\ld support
 ! decision ( any ,/ate or local        
gov]nm5t t = moral1 prud5tial1 or       
reputational reasons dive/s f1 or       
prohibits ! inve/m5t ( assets ( ! ,/ate 
or local gov]nm5t 91 a p]son t engages 9
 inve/m5t or bus9ess activities )       
,iran's ,revolution>y ,gu>d ,corps or   
,iran's ,revolution>y ,gu>d             
,corps-relat$ companies1 z long z       
,iran's ,revolution>y ,gu>d ,corps is   

subject to economic sanctions impos$ by 
! ,unit$ ,/ates4  7b7 ,au?ority ,to     
dive/ ,not)/&+ any o!r provision ( law1 
a ,/ate or local gov]nm5t may adopt &   
en=ce measures t meet ! requirem5ts (   
subsection 7d7 to dive/ ! assets ( !    
,/ate or local gov]nm5t f1 or prohibit  
inve/m5t ( ! assets ( ! ,/ate or local  
gov]nm5t 91 any p]son t ! ,/ate or local
 gov]nm5t det]m9es1 us+ cr$ible         
in=mation available to ! public1 engages
 9 inve/m5t or bus9ess activities )     
,iran's ,revolution>y ,gu>d ,corps or   
,iran's ,revolution>y ,gu>d             
,corps-relat$ companies describ$ 9      
subsection 7c74  7c7 ,inve/m5t or       
bus9ess activities describ$ ,a p]son    
engages 9 inve/m5t or bus9ess activities
 ) ,iran's ,revolution>y ,gu>d ,corps or
 ,iran's ,revolution>y ,gu>d            
,corps-relat$ companies if ! p]son--    
7#a7 has a f9ancial inve/m5t 9 ,iran's  
,revolution>y ,gu>d ,corps or an ,iran's
 ,revolution>y ,gu>d ,corps-relat$      
company2  7#b7 owns1 9 :ole or 9 "p1 an 

,iran's ,revolution>y ,gu>d             
,corps-relat$ company2 or  7#c7 is a    
f9ancial in/itution t ext5ds cr$it or   
f9anc+ to ano!r p]son1 = #de days or m1 
if t p]son w use ! cr$it or f9anc+ =    
inve/m5t 9 an ,iran's ,revolution>y     
,gu>d ,corps-relat$ company4  7d7       
,requirem5ts ,any measure tak5 by a     
,/ate or local gov]nm5t "u subsection   
7b7 %all meet ! foll[+ requirem5ts3     
7#a7 ,notice ,! ,/ate or local gov]nm5t 
%all provide writt5 notice to ea* p]son 
to :i* a measure is to be appli$4  7#b7 
,tim+ ,! measure %all apply to a p]son n
 e>li] ?an ! date t is #ij days aft] !  
date on :i* writt5 notice is provid$ to 
! p]son "u p>agraph 7#a74  7#c7         
,opportunity = he>+ ,! ,/ate or local   
gov]nm5t %all provide an opportunity to 
comm5t 9 writ+ to ea* p]son to :i* a    
measure is to be appli$4 ,if ! p]son    
demon/rates to ! ,/ate or local gov]nm5t
 t ! p]son does n engage 9 inve/m5t or  
bus9ess activities ) ,iran's            
,revolution>y ,gu>d ,corps or ,iran's   

,revolution>y ,gu>d ,corps-relat$       
companies describ$ 9 subsection 7c71 !  
measure %all n apply to ! p]son4  7#d7  
,s5se ( ,congress on avoid+ errone\s    
t>get+ ,x is ! s5se ( ,congress t a     
,/ate or local gov]nm5t %\ld n adopt a  
measure "u subsection 7b7 ) respect to a
 p]son unless ! ,/ate or local gov]nm5t 
has made e ef=t to avoid errone\sly     
t>get+ ! p]son & has v]ifi$ t ! p]son   
engages 9 bus9ess or inve/m5t activities
 ) ,iran's ,revolution>y ,gu>d ,corps or
 ,iran's ,revolution>y ,gu>d            
,corps-relat$ companies describ$ 9      
subsection 7c74  7e7 ,notice to         
,dep>tm5t ( ,ju/ice ,n lat] ?an #cj days
 aft] adopt+ a measure pursuant to      
subsection 7b71 a ,/ate or local        
gov]nm5t %all submit writt5 notice to ! 
,attorney ,g5]al describ+ ! measure4    
7f7 ,nonpreemption ,a measure ( a ,/ate 
or local gov]nm5t au?oriz$ "u subsection
 7b7 or 7i7 is n preempt$ by any ,f$]al 
law or regulation4  7g7 ,def9itions ,9  
?is section3 7#a7 ,assets  7,a7 ,9 g5]al

 ,except z provid$ 9 subp>agraph 7,b71 !
 t]m assets ref]s to public monies &    
includes any p5sion1 retirem5t1 annuity1
 or end[m5t fund1 or simil> in/rum5t1 t 
is controll$ by a ,/ate or local        
gov]nm5t4  7,b7 ,exception ,! t]m assets
 does n include employee b5efit plans   
cov]$ by title ,i ( ! ,employee         
,retirem5t ,income ,security ,act (     
#aigd 7#bi ,u4,s4,c4 #ajja et seq474    
7#b7 ,inve/m5t ,! inve/m5t includes--   
7,a7 a commitm5t or contribution ( funds
 or prop]ty2  7,b7 a loan or o!r        
ext5sion ( cr$it2 &  7,c7 ! entry into  
or r5ewal ( a contract = goods or       
s]vices4  7h7 ,effective date  7#a7 ,9  
g5]al ,except z provid$ 9 p>agraph 7#b7 
or subsection 7i71 ?is section applies  
to measures adopt$ by a ,/ate or local  
gov]nm5t be=e1 on1 or aft] ! date ( !   
enactm5t ( ?is ,act4  7#b7 ,notice      
requirem5ts ,except z provid$ 9         
subsection 7i71 subsections 7d7 & 7e7   
apply to measures adopt$ by a ,/ate or  
local gov]nm5t on or aft] ! date ( !    

enactm5t ( ?is ,act4  7i7 ,au?orization 
= prior enact$ measures  7#a7 ,9 g5]al  
,not)/&+ any o!r provision ( ?is section
 or any o!r provision ( law1 a ,/ate or 
local gov]nm5t may en=ce a measure 7)\t 
reg>d to ! requirem5ts ( subsection 7d71
 except z provid$ 9 p>agraph 7#b77      
adopt$ by ! ,/ate or local gov]nm5t be=e
 ! date ( ?is section t provides = !    
dive/m5t ( assets ( ! ,/ate or local    
gov]nm5t f1 or prohibits ! inve/m5t ( ! 
assets ( ! ,/ate or local gov]nm5t 91   
any p]son t ! ,/ate or local gov]nm5t   
det]m9es1 us+ cr$ible in=mation         
available to ! public1 engages 9 bus9ess
 or inve/m5t activities ) ,iran's       
,revolution>y ,gu>d ,corps or ,iran's   
,revolution>y ,gu>d ,corps-relat$       
companies 7det]m9$ )\t reg>d to         
subsection 7c77 or o!r bus9ess or       
inve/m5t activities t are id5tifi$ 9 !  
measure4  7#b7 ,application ( notice    
requirem5ts ,a measure describ$ 9       
p>agraph 7#a7 %all be subject to !      
requirem5ts ( p>agraphs 7#a7 & 7#b7 & ! 

fir/ s5t5ce ( p>agraph 7#c7 ( subsection
 7d7 on & aft] ! date t is #b ye>s aft] 
! date ( ! enactm5t ( ?is ,act4  7j7    
,rule ( con/ruction ,no?+ 9 ?is section 
or any o!r provision ( law au?oriz+     
sanctions ) respect to ,iran %all be    
con/ru$ to abridge ! au?ority ( a ,/ate 
to issue & en=ce rules gov]n+ ! safety1 
s\ndness1 & solv5cy ( a f9ancial        
in/itution subject to its jurisdiction  
or ! bus9ess ( insurance pursuant to !  
,act ( ,m>* #i1 #aide 7#ae ,u4,s4,c4    
#ajaa et seq47 7commonly kn[n z !       
,mc,carran-,f]guson ,act74  4  7b7      
,cl]ical am5dm5t ,! table ( cont5ts = ! 
,iran ,?reat ,r$uction & ,syria ,human  
,rights ,act ( #bjab is am5d$ by add+   
aft] ! item relat+ to section #cab !    
foll[+3  ,sec4 #cac4 ,au?ority ( ,/ates 
& local gov]nm5ts to dive/ f c]ta9      
companies t engage 9 inve/m5t or bus9ess
 activities ) ,iran's ,revolution>y     
,gu>d ,corps4  4  ,,iii ,t]m9ation      
#cja4 ,t]m9ation ,?is ,act & ! am5dm5ts 
made by ?is ,act %all t]m9ate on ! date 

t is #cj days aft] ! date on :i* !      
,presid5t makes ! c]tification describ$ 
9 section #dja7;a7 ( ! ,compreh5sive    
,iran ,sanctions1 ,acc\ntability1 &     
,dive/m5t ,act ( #bjaj 7#bb ,u4,s4,c4   
#heea7;a774