Skip to main content
HR 348 119th Congress House International Affairs

Stop Corrupt Iranian Oligarchs and Entities Act

Introduced: January 13, 2025 Introduced by: Kustoff, David Republican · Tennessee See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 13, 2025
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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.
Jan 13, 2025
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Stop Corrupt Iranian Oligarchs and Entities Act

This bill directs the Department of the Treasury to report to Congress on certain individuals and entities in Iran that have close relationships with the Iranian government.

The report must include specified information, including (1) identifying senior foreign political figures and oligarchs in Iran, their known sources of income, and their non-Iranian business affiliations; (2) assessing the emergence of parastatal entities and their leadership structure; and (3) the potential effects of imposing sanctions or debt and equity restrictions on such oligarchs, parastatal entities, or Iranian state-owned enterprises.

For the purposes of this bill, an Iranian parastatal entity is one in which Iranian state ownership is at least 25% and that had revenues of at least $2 billion in 2016.

What's happening now January 13, 2025

Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Lobbying activity 7

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

See all 7 filings →
 Cosponsors 4
All 4 Democratic 2 Republican 2
D
Suozzi, Thomas R.
New York · May 15, 2025
 R
Hamadeh, Abraham J.
Arizona · Apr 10, 2025
 R
Baumgartner, Michael
Washington · Apr 8, 2025
 D
Gottheimer, Josh
New Jersey · Jan 13, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 348: Stop Corrupt Iranian Oligarchs and Entities Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-348/
MLA
"H.R. 348: Stop Corrupt Iranian Oligarchs and Entities Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-348/.
Bluebook (legal)
H.R. 348, 119th Cong. (2026), https://openamerica.io/bill/119-HR-348/.
Markdown link
[H.R. 348: Stop Corrupt Iranian Oligarchs and Entities Act](https://openamerica.io/bill/119-HR-348/)
Report a problem