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H.R. 1905: Iran Threat Reduction Act of 2011

112^th Congress: 2011-2012

Status: This bill was considered in committee which has recommended it be considered by the House as a whole. Explanation: Although it has been placed on a calendar of business, the order in which legislation is considered and voted on is determined by the majority party leadership. Keep in mind that sometimes the text of one bill is incorporated into another bill, and in those cases the original bill, as it would appear here, would seem to be abandoned. [Last Updated: Nov 30, 2011 12:04PM]To strengthen Iran sanctions laws for the purpose of compelling Iran to abandon its pursuit of nuclear weapons and other threatening activities, and for other purposes.

Details:

1. Directs the President to impose specified sanctions on a person who knowingly: 
   (1) makes specified investments with respect to Iran's ability to develop petroleum resources; 
   (2) sells, leases, or provides to Iran goods, services, technology, information, or support that could facilitate Iran's domestic production of refined petroleum products; 
   (3) sells or provides to Iran refined petroleum products, or provides goods, services, technology, information, or support that could contribute to Iran's ability to import refined petroleum products; or 
   (4) exports or otherwise facilitated transshipment to Iran of any goods, services, technology, or other items that would contribute to Iran's ability to acquire or develop chemical, biological, or nuclear weapons, or acquire or develop destabilizing numbers and types of advanced conventional weapons.
2. Sets forth exceptions to such sanctions for:
   (1) the procurement of certain defense articles or services;
   (2) eligible products to designated countries or instrumentalities;
   (3) products, technology, or services under contracts entered into before the date on which the President publishes in the Federal Register the name of the person on which the sanctions are to be imposed;
   (4) spare or component parts, or information and technology that are essential to U.S. products or production, and related servicing and maintenance; or
   (5) medicines, medical supplies, or other humanitarian items.
3. Defines sanctions to include:
   (1) prohibitions on Export-Import Bank assistance,
   (2) prohibitions on loans from U.S. financial institutions and other financial services,
   (3) prohibitions on foreign exchange and other banking transactions,
   (4) prohibitions on property transactions, and
   (5) export and procurement sanctions.
4. Requires the President to:
   (1) initiate an investigation into the possible imposition of sanctions when the SEC receives a report that an issuer or its affiliate has engaged in the cited activities, and
   (2) determine whether sanctions should be imposed on the issuer or the affiliate concerned. States that, except to meet U.S. international obligations, the Secretary of State shall deny a visa to, and the Secretary of Homeland Security (DHS) shall exclude from U.S. entry, a person who is an agent, official, or a representative of the government of Iran; and
   (2) presents a threat to the United States or is affiliated with terrorist organizations. Restricts the movement of such persons in the United States.