,i #aad? ,,congress #b;d ,session ,h4 ,r4 #eeej ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,june #ba1 #bjaf,mr4 ,roskam 7= himself1 ,mr4 ,b\/any1 ,mr4 ,tib]i1 ,mr4 ,bu*anan1 ,mr4 ,sam ,johnson ( ,texas1 ,mr4 ,rei*]t1 ,mr4 ,"y ( ,indiana1 ,mr4 ,nunes1 & ,mrs4 ,black7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to impose an excise tax on ,unit$ ,/ates doll> cle>+ done = ! b5efit ( ,iran or ,iranian p]sons4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,no ,doll>s = ,ayatollahs ,act4 #b4 ,excise tax on doll> cle>+ transactions ) respect to ,iran 7a7 ,9 g5]al ,subtitle ,d ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new *apt]3 #ej;,a ,cle>+ transactions ) respect to ,iran ,sec4 #ejjj;,d4 ,imposition ( tax on doll> cle>+ transactions ) respect to ,iran4 #ejjj;,d4 ,imposition ( tax on doll> cle>+ transactions ) respect to ,iran 7a7 ,imposition ( tax ,!re is h]eby impos$ on any ,unit$ ,/ates p]son :o cle>s or transf]s ,unit$ ,/ates doll>s = ! direct or indirect b5efit ( ! ,gov]nm5t ( ,iran or any ,iranian p]son a tax equal to #ajj p]c5t ( ! doll> am\nt cle>$ or transf]r$4 7b7 ,transaction by c]ta9 relat$ entities ,if any ,unit$ ,/ates doll>s are s cle>$ or transf]r$ by-- 7#a7 a =eign memb] ( a ,unit$ ,/ates p]son's worldwide affiliat$ gr\p1 or 7#b7 a =eign p]son :o-- 7,a7 is n a memb] ( a ,unit$ ,/ates p]son's worldwide affiliat$ gr\p1 b 7,b7 has a correspond5t acc\nt or payable-?r\gh acc\nt = or ) su* a memb] or a ,unit$ ,/ates p]son1 su* doll>s %all be treat$ = purposes ( subsection 7a7 z be+ cle>$ or transf]r$ by ! ,unit$ ,/ates p]son4 ,! prec$+ s5t5ce %all apply ) respect to a =eign p]son describ$ 9 p>agraph 7#b7 only if ! memb] or ,unit$ ,/ates p]son1 z ! case may be1 = or ) :om ! acc\nt is ma9ta9$ knew or _h reason to "k su* doll>s 7 be+ s cle>$ or transf]r$4 7c7 ,?re%old limitation 7#a7 ,9 g5]al ,! tax impos$ by subsection 7a7 %all only apply ) respect to a ,unit$ ,/ates p]son = a cal5d> ye> to ! ext5t ! doll> am\nts s cle>$ or transf]r$ dur+ ! cal5d> ye> by su* ,unit$ ,/ates p]son 7includ+ any su* am\nts treat$ "u subsection 7b7 z cle>$ or transf]r$ by su* p]son7 exce$ #a1jjj1jjj4 7#b7 ,memb]s ( gr\p ,= purposes ( p>agraph 7#a71 am\nts cle>$ or transf]r$ by a non-=eign memb] ( su* p]son's worldwide affiliat$ gr\p %all be treat$ z cle>$ or transf]r$ by su* p]son4 7d7 ,def9itions ,= purposes ( ?is section-- 7#a7 ,worldwide affiliat$ gr\p ,! t]m worldwide affiliat$ gr\p means an affiliat$ gr\p z def9$ 9 section #aejd7;a71 det]m9$-- 7,a7 by sub/itut+ m ?an #ej p]c5t = at lea/ #hj p]c5t ea* place x appe>s1 & 7,b7 )\t reg>d to section #aejd7;b74 ,a p>tn]%ip or any o!r entity 7o!r ?an a corporation7 %all be treat$ z a memb] ( a worldwide affiliat$ gr\p if su* entity is controll$ 7)9 ! mean+ ( section #ied7;d77#c77 by memb]s ( su* gr\p 7includ+ any entity treat$ z a memb] ( su* gr\p by reason ( ?is s5t5ce74 7#b7 ,correspond5t acc\nt ,! t]m correspond5t acc\nt means an acc\nt e/abli%$ to receive deposits f1 or make paym5ts on behalf (1 a f9ancial in/itution or h&le o!r f9ancial transactions relat$ to su* in/itution4 7#c7 ,payable-?r\gh acc\nt ,! t]m payable-?r\gh acc\nt means an acc\nt1 includ+ a transaction acc\nt 7z def9$ 9 section #ai7;b77#a77;,c7 ( ! ,f$]al ,res]ve ,act71 op5$ at a depository in/itution by ano!r f9ancial in/itution by means ( :i* ! f9ancial in/itution p]mits its cu/om]s to engage1 ei!r directly or ?r\gh a subacc\nt1 9 bank+ activities usually 9 connection ) ! bus9ess ( bank+4 7#d7 ,acc\nt ,! t]m acc\nt means a =mal bank+ or bus9ess relation%ip e/abli%$ to provide regul> s]vices1 deal+s1 & o!r f9ancial transactions & includes a dem& deposit1 sav+s deposit1 or o!r transaction or asset acc\nt & a cr$it acc\nt or o!r ext5sion ( cr$it4 7#e7 ,f9ancial in/itution ,! t]m f9ancial in/itution %all h ! mean+ giv5 su* t]m "u section #ecab7;a77#b7 ( title #ca1 ,unit$ ,/ates ,code4 7#f7 ,iranian p]son ,! t]m ,iranian p]son means-- 7,a7 any p]son 9 ,iran1 7,b7 any citiz5 or resid5t ( ,iran1 7,c7 any =eign p>tn]%ip or =eign corporation :i* is organiz$ or op]at$ 9 ,iran 7or is a memb] ( su* a p]son's worldwide affiliat$ gr\p71 7,d7 any =eign tru/ if-- 7i7 a c\rt )9 ,iran is able to ex]cise prim>y sup]vision ov] ! adm9i/ration ( ! tru/1 & 7ii7 "o or m p]sons describ$ 9 subp>agraph 7,a7 or 7,b7 h ! au?ority to control all sub/antial decisions ( ! tru/1 & 7,e7 any =eign e/ate a b5efici>y ( :i* is a p]son describ$ 9 subp>agraph 7,a74 7e7 ,special rules 7#a7 ,c]ta9 lic5s$ transactions ,?is section %all n apply 9 ! case ( a transaction au?oriz$ "u "p #ece1 #efj1 or #efa ( title #ca1 ,code ( ,f$]al ,regulations1 z 9 effect on ,june #a1 #bjaf4 7#b7 ,humanit>ian assi/ance ,?is section %all n apply 9 ! case ( any transaction p]mitt$-- 7,a7 "u section #dac ( ! ,iran ,?reat ,r$uction & ,syria ,human ,rights ,act ( #bjab1 or 7,b7 "u a lic5se issu$ "u ! ,int]national ,em]g5cy ,economic ,p[]s ,act 7#ej ,u4,s4,c4 #agja et seq47 if-- 7i7 su* transaction relates solely to-- 7,i7 ! provision ( agricultural commodities1 food1 m$ic9e1 or m$ical devices to ,iran1 or 7,,ii7 ! provision ( humanit>ian assi/ance to ! p ( ,iran1 & 7ii7 ! ,presid5t submits a copy ( ! lic5se to ! ,committee on ,ways & ,means ( ! ,h\se ( ,repres5tatives & ! ,committee on ,f9ance ( ! ,s5ate1 ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate1 & ! ,committee on ,=eign ,affairs ( ! ,h\se ( ,repres5tatives & ! ,committee on ,=eign ,relations ( ! ,s5ate4 7#c7 ,intellig5ce activities ,?is section %all n apply 9 ! case ( intellig5ce activities subject to report+ requirem5ts "u title ,v ( ! ,national ,security ,act ( #aidg 7#ej ,u4,s4,c4 #cjia et seq474 7#d7 ,jo9t & sev]al liability ,if m ?an #a p]son is liable "u subsection 7a7 or 7b7 ) respect to a doll> cle>+ or transf]r+ transaction1 all su* p]sons %all be jo9tly & sev]ally liable "u su* subsection ) respect to su* transaction4 4 7b7 ,cl]ical am5dm5t ,! table ( *apt]s = subtitle ,d ( su* ,code is am5d$ by add+ at ! end ! foll[+ new item3 ,*apt] #ej;,a4 ,cle>+ transactions ) respect to ,iran 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to transactions aft] ,june #ba1 #bjaf4