Stop Corrupt Iranian Oligarchs and Entities Act

House Bill

H.R. 348

119th Congress

Stop Corrupt Iranian Oligarchs and Entities Act

In Committee

Introduced:May 15, 2025

Primary Sponsor

Claudia Tenney

Representative

Republican

NY-24

Cosponsors

4

Quick Stats

Policy Area

Government Operations and Politics

Summary

This bill targets corrupt Iranian oligarchs and entities by imposing sanctions and other restrictions. It aims to hold accountable individuals and organizations connected to the Iranian regime who are involved in corruption, human rights abuses, or supporting terrorism, blocking their access to the US financial system and assets.

Latest Action

Referred to the House Committee on Oversight and Accountability.

SponsorClaudia Tenney (R-NY)

Introduced5/15/2025

StatusReferred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services

ChamberHouse

Data from Congress.gov

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Vote Prediction

Stop Corrupt Iranian Oligarchs and Entities Act

This bill targets corrupt Iranian oligarchs and entities by imposing sanctions and other restrictions. It aims to hold accountable individuals and organizations connected to the Iranian regime who are involved in corruption, human rights abuses, or supporting

Community Breakdown

Pass

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Fail

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This bill targets corrupt Iranian oligarchs and entities by imposing sanctions and other restrictions. It aims to hold accountable individuals and organizations connected to the Iranian regime who are involved in corruption, human rights abuses, or supporting terrorism, blocking their access to the US financial system and assets.

Bill Number: 348
Sponsor: Claudia Tenney (R-NY)
Introduced: 5/15/2025
Status: Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services
Policy Area: Government Operations and Politics

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Stop Corrupt Iranian Oligarchs and Entities Act
Bill Number: 348
Sponsor: Claudia Tenney (R-NY)
Status: Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services
Introduced: 5/15/2025
Summary: This bill targets corrupt Iranian oligarchs and entities by imposing sanctions and other restrictions. It aims to hold accountable individuals and organizations connected to the Iranian regime who are involved in corruption, human rights abuses, or supporting terrorism, blocking their access to the

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill targets corrupt Iranian oligarchs and entities by imposing sanctions and other restrictions. It aims to hold accountable individuals and organizations connected to the Iranian regime who are involved in corruption, human rights abuses, or supporting terrorism, blocking their access to the US financial system and assets.

Last updated: 1/4/2026

Official Summary

Congressional Research Service summary

Transparency in COVID-19 Expenditures Act This bill requires the Government Accountability Office (GAO) to audit certain funding that was provided to address COVID-19. Specifically, the GAO must audit and report on the use of funding provided by <ul> <li>the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020;</li> <li>the Families First Coronavirus Response Act;</li> <li> the Coronavirus Aid, Relief, and Economic Security Act (CARES Act); </li> <li>the Paycheck Protection Program and Health Care Enhancement Act; </li> <li>Divisions M and N of the Consolidated Appropriations Act, 2021; and </li> <li>the American Rescue Plan Act of 2021.</li> </ul>

Key Points

Main provisions of the bill

Imposes sanctions on corrupt Iranian oligarchs and entities
Targets individuals connected to Iranian regime corruption
Blocks access to US financial system for sanctioned parties
Addresses human rights abuses by Iranian officials
Strengthens existing Iran sanctions framework

How This Impacts Americans

Potential effects on citizens and communities

For Iranian regime: Increased financial pressure on corrupt officials and allies. For US foreign policy: Additional tools to address Iranian government behavior. For financial institutions: New compliance requirements for Iran-related transactions. For Iranian people: Potential pressure for reform while distinguishing corrupt elites from general population.

Policy Areas

Primary Policy Area

Government Operations and Politics

Related Subjects

Accounting and auditing

Appropriations

Cardiovascular and respiratory health

Emergency medical services and trauma care

Government lending and loan guarantees

Government studies and investigations

Health programs administration and funding

Infectious and parasitic diseases

Small business

State and local finance

+2 more

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

348, 119th Congress (2025). "Stop Corrupt Iranian Oligarchs and Entities Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-348

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