HR 3922 111th Congress House International Affairs Arms control and nonproliferation Congressional oversight Diplomacy, foreign officials, Americans abroad Foreign and international banking Foreign and international corporations International organizations and cooperation Iran Middle East Nuclear weapons Oil and gas Public contracts and procurement Sanctions Technology transfer and commercialization Terrorism Trade restrictions U.S. and foreign investments United Nations

Accountability for Business Choices in Iran Act

Introduced: October 23, 2009 See on congress.gov

Everywhere this bill has been 5 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Oct 23, 2009

Referred to House Foreign Affairs

Oct 23, 2009

Referred to House Financial Services

Oct 23, 2009

Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on Financial Services, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Oct 23, 2009

Referred to House Oversight and Government Reform

Oct 23, 2009

Introduced in House

Plain-English summary Congressional Research Service

Accountability for Business Choices in Iran Act - Expresses the sense of Congress that: (1) Iran's illicit nuclear activities as well as development of unconventional weapons and ballistic missiles and support for international terrorism represent a serious threat to the security of the United States and its allies; (2) the United States should continue supporting diplomatic efforts in the International Atomic Energy Agency (IAEA) and the United Nations Security Council (UNSC) to end Iran's illicit nuclear activities; (3) the UNSC should take further measures beyond specified existing UNSC resolutions to tighten sanctions on Iran, including preventing new investment in Iran's energy sector as long as it fails to comply with international demands to halt its nuclear enrichment; and (4) the United States should discourage foreign banks and entities from investing in Iran's energy sector as well as seek to prohibit entities doing business with the United States from doing business with Iran.

Requires the head of each federal agency to ensure that each contract with a company for the procurement of goods and services contains a requirement for the company to certify that it is not conducting business operations in Iran. Defines "business operations" as operations that: (1) provide Iran with refined petroleum resources or technology that could enhance its ability to import or expand its domestic production of such resources; (2) invest $20 million or more in aIran's ability to develop petroleum resources; and (3) provide sensitive technology to Iran.

Authorizes a state or local government to adopt measures to prohibit them from entering into or renewing a contract for the procurement of goods or services with persons included on the List of Parties Excluded from Federal Procurement and Nonprocurement Programs.

Terminates this Act 30 days after: (1) the President certifies to Congress that Iran has ceased support for acts of international terrorism and is no longer considered a state-sponsor of terrorism; and (2) Iran has permanently ceased the pursuit, acquisition, and development of nuclear, biological, and chemical weapons and missiles.

What's happening now October 23, 2009

Referred to House Foreign Affairs

Committees of jurisdiction 3