PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congressional Research Service
Version 18 · Reported to House amended, Part I · Jul 30, 2007
Iran Sanctions Enabling Act of 2007 - (Sec. 3) Directs the President to ensure: (1) biannual publication in the Federal Register of a list of each person, whether within or outside of the United States, that has an investment of more than $20 million in the energy sector in Iran and each person that is an international financial institution that, as of the date of publication, has any investment in the energy sector in Iran; and (2) that such list is updated and published on a government website.
Defines "international financial institution" as the International Bank for Reconstruction and Development, the International Monetary Fund, and the United Nations.
Requires the list to describe to the extent practicable the investment made by each listed person, including dollar value, intended purpose, and status as of the date of publication.
Showing the opening paragraphs of the official summary.
Declares it is the policy of the United States to support the decision of state and local governments and educational institutions to divest from, and to prohibit the investment of assets they control in, persons that have investments of more than $20 million in Iran's energy sector.
Authorizes a state or local government to adopt and enforce measures to divest its assets from, or prohibit investment of assets in: (1) persons included on the most recent list; and (2) persons having an investment in, or carrying on a trade or business in or with, Iran.
(Sec. 5) Amends the Investment Company Act of 1940 to shield any registered investment company from civil, criminal, or administrative action based upon its divesting from, or avoiding investing in, securities issued by companies included on such most recent list.
(Sec. 6) Amends the Employee Retirement Income Security Act of 1974 (ERISA) to shield from treatment as breaching a fiduciary duty any person divesting plan assets from, or avoiding investing plan assets in, persons included on such most recent list.
(Sec. 7) Expresses the sense of Congress that the Federal Retirement Thrift Investment Board should initiate efforts to provide a terror-free international investment option among the funds of the Thrift Savings Fund.
(Sec. 9) Terminates this Act 30 days after the President certifies to Congress that the government of Iran has ceased: (1) providing support for acts of international terrorism and no longer satisfies the requirements for designation as a state-sponsor of terrorism; and (2) the pursuit, acquisition, and development of nuclear, biological, and chemical weapons and ballistic missiles and ballistic missile launch technology.
People & committees
Rep. Frank, Barney [D-MA-4] · D–MA
Legislative record
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Received in the Senate.
The title of the measure was amended. Agreed to without objection.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 408 - 6 (Roll no. 765). (text: CR H8855-8856)
House roll call 765 · Individual votesPassed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 408 - 6 (Roll no. 765).(text: CR H8855-8856)
House roll call 765 · Individual votesConsidered as unfinished business. (consideration: CR H9211-9212)
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
DEBATE - The House proceeded with forty minutes of debate on H.R. 2347.
Considered under suspension of the rules. (consideration: CR 7/31/2007 H8855-8861)
Mr. Sherman moved to suspend the rules and pass the bill, as amended.
Placed on the Union Calendar, Calendar No. 179.
Committee on Oversight and Government discharged.
Committee on Oversight and Government discharged.
Committee on Education and Labor discharged.
Committee on Education and Labor discharged.
Reported (Amended) by the Committee on Financial Services. H. Rept. 110-277, Part I.
Reported (Amended) by the Committee on Financial Services. H. Rept. 110-277, Part I.
Ordered to be Reported (Amended) by Voice Vote.
Committee Consideration and Mark-up Session Held.
Referred to the Committee on Financial Services, and in addition to the Committees on Education and Labor, and Oversight and Government Reform, 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.
Referred to the Committee on Financial Services, and in addition to the Committees on Education and Labor, and Oversight and Government Reform, 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.
Referred to the Committee on Financial Services, and in addition to the Committees on Education and Labor, and Oversight and Government Reform, 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.
Referred to the Committee on Financial Services, and in addition to the Committees on Education and Labor, and Oversight and Government Reform, 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.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Jul 21, 2025. Consult Congress.gov for the current record.
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