Introduced in response to Iran’s testing of ballistic missiles in 10/2015, 11/2015, and 3/2016, this bill would impose sanctions on every sector of the Iranian economy that directly or indirectly supports the missile program. It would do so largely by amending the Iran Sanctions Act of 1996 and the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (see H.R. 2194 of 4/30/09 on congressionalmonitor.org) to include consideration for ballistic missile acquisition and development, and extending the former through 2031.
Furthermore, the president would be required to submit 4 new reports to Congress: (1) a biannual listing of sectors of the Iranian economy involved in the development or transfer of ballistic missiles or technology; (2) an annual listing of all foreign persons involved in the development of missiles in those sectors; (3) a biannual report on persons known to have assisted Iran in developing its ballistic missiles program (the president would be required to block all property transactions in the U.S. by any person included in this report); and (4) a biannual report on Iran–North Korea ballistic missile cooperation.
20 cosponsors (20R).
Last major action: 3/17/16 referred to Senate Comm. on Banking, Housing, and Urban Affairs.