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          <title>WashingtonWatch.com - H.R. 3390, The Iran Counter-Proliferation Act of 2007</title>
          <link>http://www.washingtonwatch.com/bills</link>
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          <managingEditor>info@washingtonwatch.com</managingEditor>
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<item>
<title>Revision by webmaster (August 17, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3390.html?rev=8930</link>
<description>&lt;p&gt;H.R. 3390 would impose sanctions on Iran and on other countries for assisting Iran in developing a nuclear program.&lt;/p&gt;


&lt;h2 id=&quot;toc0&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Iran Counter-Proliferation Act of 2007 - Amends the Iran Sanctions Act of 1996 to expand the definitions of &amp;quot;petroleum resources&amp;quot; and &amp;quot;person.&amp;amp;quot;&lt;/p&gt;

&lt;p&gt;Expresses the sense of Congress concerning: (1) a variety of existing and proposed sanctions against Iran; and (2) mechanisms to assure a supply of nuclear fuel for peaceful means.&lt;/p&gt;

&lt;p&gt;Subjects Iran to specified economic sanctions unless the President certifies to Congress that Iran has verifiably dismantled all nuclear enrichment-related and reprocessing-related programs.&lt;/p&gt;

&lt;p&gt;Subjects, with respect to prohibited transactions with Iran, a parent company to penalties for violations committed by certain subsidiaries outside the United States that would be subject to prohibitions if committed inside the United States or by a U.S. person.&lt;/p&gt;

&lt;p&gt;Amends the Internal Revenue Code to eliminate specified geological and geophysical expense amortization benefits if petroleum-related sanctions are imposed under the Iran Sanctions Act of 1996 on any member of an expanded affiliated group whose common parent is a foreign corporation. Revises the definition of &amp;quot;affiliated group.&amp;quot;&lt;/p&gt;

&lt;p&gt;Directs the President to reduce annual U.S. contributions to the International Bank for Reconstruction and Development (World Bank) based upon Bank amounts provided to entities and projects in Iran.&lt;/p&gt;

&lt;p&gt;Authorizes appropriations for the Department of the Treasury's Office of Terrorism and Financial Intelligence.&lt;/p&gt;

&lt;p&gt;Requires the Director of National Intelligence to submit to Congress an updated National Intelligence Estimate on Iran.&lt;/p&gt;

&lt;p&gt;Authorizes the President to: (1) carry out exchange programs with the people of Iran; and (2) make voluntary grant-based contributions to the International Atomic Energy Agency (IAEA) for the establishment of an international nuclear fuel bank to maintain a reserve of low-enriched uranium in case of a disruption in the supply of reactor fuel by normal market mechanisms.&lt;/p&gt;

&lt;p&gt;Amends the Securities and Exchange Act of 1945 to require securities issuers to disclose to the Securities and Exchange Commission (SEC) post-January 1, 2007, investments in Iran's energy sector in excess of $20 million.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc1&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 8/3/2007: Referred to House committee. Status: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, Oversight and Government Reform, and Intelligence (Permanent Select), for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc2&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc3&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">8930@http://www.washingtonwatch.com</guid>
<pubDate>Fri, 17 Aug 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (August 4, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3390.html?rev=8278</link>
<description>&lt;p&gt;H.R. 3390 would impose sanctions on Iran and on other countries for assisting Iran in developing a nuclear program.&lt;/p&gt;


&lt;h2 id=&quot;toc4&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc5&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to update the status of the bill!)&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc6&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc7&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">8278@http://www.washingtonwatch.com</guid>
<pubDate>Sat, 04 Aug 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (August 4, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3390.html?rev=8279</link>
<description>&lt;p&gt;H.R. 3390 would impose sanctions on Iran and on other countries for assisting Iran in developing a nuclear program.&lt;/p&gt;


&lt;h2 id=&quot;toc8&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc9&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 8/3/2007: Referred to House committee. Status: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, Oversight and Government Reform, and Intelligence (Permanent Select), for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc10&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc11&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">8279@http://www.washingtonwatch.com</guid>
<pubDate>Sat, 04 Aug 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of August 3, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3390.html</link>
<description>8/3/2007: Referred to House committee. Status: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, Oversight and Government Reform, and Intelligence (Permanent Select), for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</description>
<guid isPermaLink="false">24965@http://www.washingtonwatch.com</guid>
<pubDate>Fri, 03 Aug 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of August 3, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3390.html</link>
<description>8/3/2007: Referred to House committee. Status: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, Oversight and Government Reform, and Intelligence (Permanent Select), for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</description>
<guid isPermaLink="false">28408@http://www.washingtonwatch.com</guid>
<pubDate>Fri, 03 Aug 2007 00:00:00 EDT</pubDate>
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