This bill — the Preventing Iranian Destabilization of Iraq Act — would impose on Iranians who threaten the peace or stability of Iraq, attempt to undermine the democratic process in Iraq, or undermine economic reconstruction and political reforms in Iraq. Sanctioned individuals would have all property transactions in the U.S. blocked, in addition to being ineligible for visas (current visas would be revoked), and ineligible for admission to the U.S. Sanctions would be required through the end of the 2021 calendar year. These sanctions are currently imposed by executive order, this bill would codify them into law.
The president would be required to provide Congress with a report periodically (due every 180 days for up to five years) that details:
Iran’s support for Iraqi militias or political parties;
A list of referrals to the relevant UN Security Council sanctions committees;
The disposition of sanctioned Iranians who are in Iraq;
Lists of Iraqis who aided Iran’s transport of personnel, money, and arms to Syria to aid the Assad regime.
Iraqi financial institutions that are providing support to Iran-backed militias in Iraq.
Actions taken by Iran to influence Shia institutions in Najaf, Iraq.