Designed to “fix the major flaws” of the 7/14/15 Iran nuclear deal (JCPOA) and to “increase pressure on Iran,” according to a press release from Roskam’s office, this bill would strengthen and expand sanctions in a variety of ways. It would direct the president to impose sanctions on any entities in which the Armed Forces of Iran owns a 20% or greater stake or otherwise controls (Previously, the threshold for sanctions was set at 50% ownership). It would also direct the secretary of the Treasury to establish, maintain, and publish a list of such entities; and mandate the re-imposition of all sanctions waived in connection with the 7/14/15 Iran nuclear deal if the president cannot certify to Congress every 90 days that Iran is not advancing its ballistic missile program, conducting plutonium or uranium enrichment, or denying international inspections of its military sites, inter alia.
This bill also includes the text of the Iran Ballistic Missile Sanctions Act (see H.R. 4815 of 3/21/16 at congressionalmonitor.org).