Royce, Engel Introduce Bill Targeting Iran’s Revolutionary Guards Corps 3/2/2018 11:30:51 AM   facebook Google+ ► Print House Foreign Affairs Committee Chairman Ed Royce (R-CA) and Ranking Member Eliot Engel (D-NY)     Washington, D.C., March 1, 2018  – Today, House Foreign Affairs Committee Chairman Ed Royce (R-CA) and Ranking Member Eliot Engel (D-NY) introduced H.R. 5132 to crack down on Iran’s Revolutionary Guards Corps. Notably, the bipartisan bill authorizes the administration to sanction entities in which the IRGC has an ownership stake of less than 50 percent, significantly raising the stakes for anyone doing business with the IRGC. Chairman Royce on H.R. 5132: “As Iran’s most powerful economic actor, the Revolutionary Guards Corps bankrolls terror and Iran’s nuclear and ballistic missile program. Yet hundreds of its front companies have yet to be sanctioned. This bipartisan bill will close that gap. It will cut off cas...