HR 2347 · 110th Congress · International Affairs

Iran Sanctions Enabling Act of 2007

Introduced 2007-05-16· Sponsored by Rep. Frank, Barney [D-MA-4]· House

Bill Progress

1
Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2007-08-03)

Recorded Votes

PassedHouse · 2007-07-31
Roll #765
Yea 408Nay 6
Democrats
221 Yea·2 Nay
Republicans
187 Yea·4 Nay
PassedHouse · 2007-07-31
Roll #765
Yea 408Nay 6
Democrats
221 Yea·2 Nay
Republicans
187 Yea·4 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] Iran Sanctions Enabling Act of 2007 - Directs the Secretary of the Treasury to: (1) publish biannually in the Federal Register a list of each person, whether within or outside of the United States, that has an investment of more than $20 million in the energy sector in Iran; and (2) maintain on the website of the Department of the Treasury the names of the persons on such list. States it is the policy of the United States to support the decision of state and local governments and educational institutions to divest from, and to prohibit the investment of assets they control in, persons that have investments of more than $20 million in Iran's energy sector. Authorizes a state or local government to adopt and enforce measures to divest its assets from, or prohibit investment of assets in, persons included on the most recent list. Amends the Investment Company Act of 1940 to shield any registered investment company from civil, criminal, or administrative action based upon its divesting from, or avoiding investing in, securities issued by companies included on such most recent list. Amends the Employee Retirement Income Security Act of 1974 to shield from treatment as breaching a fiduci…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 2347, Iran Sanctions Enabling Act of 2007

Jun 13, 2007

<p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on May 23, 2007</p>

Full CBO report ↗

H.R. 2347, Iran Sanctions Enabling Act of 2007

Jun 13, 2007

Cost estimate for the bill as ordered reported by the House Committee on Financial Services on May 23, 2007

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (20)

18 Democrats2 Republicans