# 119-hr-348: Stop Corrupt Iranian Oligarchs and Entities Act

119-hr-348, Stop Corrupt Iranian Oligarchs and Entities Act, is a 119th Congress bill sponsored by Rep. Kustoff, David [R-TN-8] (R-TN); status introduced (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-hr-348
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-348
- Congress: 119
- Title: Stop Corrupt Iranian Oligarchs and Entities Act
- Status: introduced
- Introduced: 2025-01-13
- Sponsor: Rep. Kustoff, David [R-TN-8] (R-TN)
- Cosponsors: 4
- Policy area: International Affairs
- Touches household money: no
- Last recorded action: 2025-12-21

## 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. - 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.

## Cosponsors (4)

- Rep. Gottheimer, Josh [D-NJ-5] (D-NJ), 2025-01-13T00:00:00.000Z
- Rep. Baumgartner, Michael [R-WA-5] (R-WA), 2025-04-08T00:00:00.000Z
- Rep. Hamadeh, Abraham J. [R-AZ-8] (R-AZ), 2025-04-10T00:00:00.000Z
- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2025-05-15T00:00:00.000Z

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025

## Sources
- [119-hr-348 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/348)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-348 (as of 2025-12-21).