H.R. 1208 would strengthen existing legislation sanctioning persons aiding and facilitating nonproliferation activities by the Government of Iran.
Detailed Summary
Iran Threat Reduction Act of 2009 - Amends the Iran Freedom Support Act to maintain specified U.S. sanctions with respect to Iran until the President certifies to the appropriate congressional committees that Iran has verifiably dismantled its weapons of mass destruction programs and ceased its support for international terrorism.
Amends the Iran Sanctions Act of 1996 to: (1) include transshipment among sanctionable activities; and (2) exclude from the United States an alien who is a senior government official of a foreign government or a corporate principal or significant shareholder of a foreign person involved in proliferation activities relating to Iran.
Expands: (1) the scope of sanctionable "persons" to include any business organization and any foreign subsidiary or affiliate; and (2) the definition of "petroleum resources" to include petroleum byproducts, oil or liquefied natural gas or liquefied natural gas tankers, and products used to construct or maintain pipelines used to transport oil or compressed or liquefied natural gas.
Prohibits, with a discretionary waiver, U.S. importation of Iranian products other than information materials.
Subjects an entity to penalties for violations of certain sanctions committed by a subsidiary established by such entity outside of the United States that would be subject to prohibitions if committed inside the United States or by a U.S. person.
Authorizes the President to impose sanctions on principal executive officers of sanctioned persons.
Amends the Iran, North Korea, and Syria Nonproliferation Act to include within the scope of such Act persons involved in the transshipment of certain goods, services, or technology.
Prohibits service module payments to the Russian Aviation and Space Agency.
Sets forth provisions regarding divestment from Iran's energy sector.
Amends the Internal Revenue Code to: (1) deny a foreign tax credit to a taxpayer engaged in business activity with Iran that is prohibited by U.S. law; and (2) set forth income tax provisions respecting a foreign corporation engaged in business activity with Iran that is prohibited by U.S. law.
Establishes the Compensation for Former United States Hostages in Iran Fund. Identifies claims to be paid.
Establishes restrictions on nuclear cooperation with a country that is assisting the nuclear program of, or transferring advanced conventional weapons or missiles to, Iran.
Status of the Legislation
Latest Major Action: 7/23/2009: Referred to House subcommittee. Status: Referred to the Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law.
Points in Favor
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Points Against
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Visitor Comments
Kanzei
March 2, 2009, 2:00pm (report abuse)If Obama signs this, he will break his promise to negotiate with Iran.
Section 602 (a) (3)
It shall be the policy of the United States to-- refrain from directly engaging with any person, agent, instrumentality, or official of, is affiliated with, or is serving as a representative of the Government of Iran until Iran verifiably dismantles otherwise ceases its programs conducive to producing chemical weapons.