H.R. 1743 · 109th Congress
To encourage divestiture of current investments in Iran and discourage future investments in Iran and to…
Full title
To encourage divestiture of current investments in Iran and discourage future investments in Iran and to require disclosure to investors of information relating to such investments.
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
Ros-LehtinenSponsor3 cosponsors · 2 D, 1 R
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Directs the President to ensure publication in the Federal Register of all U.S. and foreign entities that have invested more than $20 million in Iran's energy sector between August 5, 1996, and the date of such publication.
What it does: CRS summary · Introduced in House · Apr 20, 2005
Directs the President to ensure publication in the Federal Register of all U.S. and foreign entities that have invested more than $20 million in Iran's energy sector between August 5, 1996, and the date of such publication.
Requires such list to include an itemization of individual investments of each such entity.
Expresses the sense of Congress that, upon such publication, managers of federal pension plans or thrift savings plans, managers of pension plans maintained in the private sector by plan sponsors in the United States, and managers of mutual funds sold or distributed in the United States should immediately initiate efforts to divest all investments of such plans or funds in any entity included on the list.
Expresses the sense of Congress that, upon such publication, there should be no future investment in any entity included on the list by managers of U.S. Government pension plans or thrift savings plans, managers of pension plans maintained in the private sector by plan sponsors in the United States, and managers of mutual funds sold or distributed in the United States.
Requires disclosure to investors that their funds are invested in an entity included on such list.
Requires the Office of Global Security Risks to issue a report listing the U.S. and foreign entities identified in accordance with the relevant Federal Register, including a determination of whether or not: (1) their operations in Iran constitute a risk to the United States; and (2) the entity faces U.S. litigation, sanctions, or similar circumstances that are reasonably likely to have a material adverse impact on the financial condition or operations of the entity.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To encourage divestiture of current investments in Iran and discourage future investments in Iran and to require disclosure to investors of information relating to such investments.
Latest action (May 9, 2005): Referred to the Subcommittee on Employer-Employee Relations.
Policy area: Foreign Trade and International Finance · Origin: House · Introduced: Apr 20, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.