PRIA Logo™
119-hr-348119th Congress

Stop Corrupt Iranian Oligarchs and Entities Act

Sponsored By: Representative Kustoff, David [R-TN-8]

Introduced

Summary

Requires a Treasury report mapping senior Iranian oligarchs, state-linked companies, and their global ties. It would analyze how sanctions, debt or equity limits, or adding entities to sanctions lists could affect those actors and U.S. economic sectors.

Show full summary
  • Congress would get a detailed list of senior Iranian political figures and oligarchs. The report must include estimated net worth, ties to President Masoud Pezeshkian or other ruling elites, corruption indicators, known income sources and family holdings, and non‑Iranian business affiliations.
  • It would define and assess Iranian parastatal entities. Those are firms with at least 25% state ownership and about $2 billion or more in 2016 revenue, with focus on leadership and beneficial ownership.
  • The report would assess exposure of key U.S. sectors, including banking, securities, insurance and real estate, to politically affiliated Iranians and state-linked entities.
  • It would evaluate the likely effects of imposing debt and equity restrictions or adding parastatal entities to the Treasury’s Specially Designated Nationals list, including impacts on the targets, on Iran’s economy, and on U.S. and allied economies.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Kustoff, David [R-TN-8]

TN • R

Cosponsors

  • Rep. Gottheimer, Josh [D-NJ-5]

    NJ • D

    Sponsored 1/13/2025

  • Rep. Baumgartner, Michael [R-WA-5]

    WA • R

    Sponsored 4/8/2025

  • Rep. Hamadeh, Abraham J. [R-AZ-8]

    AZ • R

    Sponsored 4/10/2025

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 5/15/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation