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...

House approves bill to sanction Iran for ballistic missiles The Republican-led House overwhelmingly approved bipartisan legislation Thursday that would slap new sanctions on  Iran  for its pursuit of long-range ballistic missiles without derailing the 2015 international nuclear accord that President Donald Trump has threatened to unravel. Reps. Ed Royce and  Eliot Engel  sponsored the bill, which requires the Trump administration to identify for sanctions the companies and individuals inside and outside of Iran that are the main suppliers of Tehran's ballistic missile programs. Lawmakers voted 423-2 to pass the measure. Royce, a California Republican, is chairman of the Foreign Affairs Committee and Engel, who is from New York, is the panel's top Democrat. Both opposed the nuclear agreement when it was forged two years ago, but neither lawmaker is in favor of ditching the deal now. Lawmakers are aiming to hold Iran accountable for what they say is rec...