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Strengthening Sanctions Against Entities Linked to Iran's Revolutionary Guard Corps

This act aims to tighten existing sanctions against individuals and entities connected to Iran's Revolutionary Guard Corps. It means the U.S. government will have broader powers to penalize those who support or are controlled by this organization, potentially impacting international stability and security. For U.S. citizens, these changes may indirectly affect foreign policy and national security.
Key points
Expanding the definition of sanctioned entities to include those owned or controlled by Iran's Revolutionary Guard Corps.
Lowering the transaction value threshold for sanctions from $1,000,000 to $500,000.
Introducing new categories of sanctioned transactions, including support for terrorist organizations and the Syrian government.
Establishing regular, every 180 days, reports on identifying and sanctioning new entities.
Implementing penalties for violating the new provisions, similar to those under the International Emergency Economic Powers Act.
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Expired
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Additional Information
Print number: 118_HR_2958
Sponsor: Rep. Lamborn, Doug [R-CO-5]
Process start date: 2023-04-27
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Closing IRGC Sanctions Loopholes Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2958.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-04-27.

What are the main provisions?

Key points include:

  • Expanding the definition of sanctioned entities to include those owned or controlled by Iran's Revolutionary Guard Corps.
  • Lowering the transaction value threshold for sanctions from $1,000,000 to $500,000.
  • Introducing new categories of sanctioned transactions, including support for terrorist organizations and the Syrian government.
  • Establishing regular, every 180 days, reports on identifying and sanctioning new entities.
  • Implementing penalties for violating the new provisions, similar to those under the International Emergency Economic Powers Act.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Lamborn, Doug [R-CO-5].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Security Courts and Law Economy