[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 4761 Introduced in Senate (IS)]

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118th CONGRESS
  2d Session
                                S. 4761

   To require increased duties for goods and services imported from 
 countries that import crude oil or petroleum products produced in the 
                       Islamic Republic of Iran.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 24, 2024

  Mr. Graham introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
   To require increased duties for goods and services imported from 
 countries that import crude oil or petroleum products produced in the 
                       Islamic Republic of Iran.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tariffs for Terrorism Act of 2024''.

SEC. 2. FINDINGS.

    Congress makes the following findings:
            (1) Since the Iranian Revolution in 1979, the Islamic 
        Republic of Iran has engaged in acts of international terrorism 
        and continuously threatened the United States, Israel, and 
        other allies and partners of the United States.
            (2) On January 19, 1984, the United States designated the 
        Islamic Republic of Iran as a state sponsor of terrorism for 
        repeatedly providing support for acts of international 
        terrorism.
            (3) Under Ayatollah Ali Khamenei, the Islamic Republic of 
        Iran has advanced its ballistic missile program and is, in 
        2024, home to the largest and most diverse ballistic missile 
        arsenal in the Middle East.
            (4) Under Ayatollah Ali Khamenei, the nuclear program of 
        the Islamic Republic of Iran has grown considerably in scale 
        and scope, posing serious threats to the security interests of 
        the United States, Israel, and other allies and partners of the 
        United States.
            (5) On May 22, 2020, Ayatollah Ali Khamenei stated, ``The 
        Zionist regime [Israel] is a deadly, cancerous tumor in the 
        region. It will undoubtedly be uprooted and destroyed.''.
            (6) On December 2, 2022, the Director General of the 
        International Atomic Energy Agency, Rafael Grossi, stated, 
        ``Iran informed us they were tripling, not doubling, tripling 
        their capacity to enrich uranium at 60 percent, which is very 
        close to military level, which is 90 percent.''.
            (7) On January 25, 2023, Director General Grossi stated 
        that the Islamic Republic of Iran had amassed enough nuclear 
        material to produce ``several nuclear weapons''.
            (8) An Islamic Republic of Iran that possesses a nuclear 
        weapons capability would pose--
                    (A) a serious threat to the national security of 
                the United States, allies and partners of the United 
                States, and the stability of the Middle East and 
                beyond; and
                    (B) a threat of existential dimensions to the State 
                of Israel.
            (9) Oil sanctions have been inadequacy enforced, allowing 
        the Islamic Republic of Iran to generate billions of dollars to 
        finance proxies such as Hamas and Hezbollah.

SEC. 3. INCREASES IN DUTIES ON GOODS AND SERVICES IMPORTED FROM 
              COUNTRIES THAT IMPORT OIL PRODUCED IN ISLAMIC REPUBLIC OF 
              IRAN.

    (a) In General.--Notwithstanding any other provision of law, the 
President shall increase, to a rate of not less than the equivalent of 
500 percent ad valorem, the rate of duty applicable to all goods and 
services imported into the United States from any foreign country that 
the President determines purchases, trades, consumes, or imports crude 
oil or petroleum products produced in the Islamic Republic of Iran.
    (b) Imposition of Duties.--Not later than 90 days after the date of 
the enactment of this Act, and every 120 days thereafter, the President 
shall--
            (1) identify countries described in subsection (a); and
            (2) increase the rates of duty applicable to goods and 
        services imported from such countries as necessary to comply 
        with subsection (a).
    (c) Recommendations for Higher Rate.--The United States Trade 
Representative, in consultation with the Secretary of the Treasury, the 
Secretary of Commerce, and the heads of other relevant Federal 
agencies, shall provide recommendations to the President with respect 
to goods and services described in subsection (a) that should be 
subject to a rate of duty that exceeds the equivalent of 500 percent ad 
valorem.
    (d) Duty Rate in Addition to Antidumping and Countervailing 
Duties.--The rate of duty required under subsection (a) with respect to 
a good or service described in that subsection shall be in addition to 
any antidumping or countervailing duty applicable with respect to the 
good or service under title VII of the Tariff Act of 1930 (19 U.S.C. 
1671 et seq.).
    (e) Notice Requirements.--
            (1) Notice to and consultation with congress.--Before 
        increasing under subsection (a) the rates of duty applicable to 
        goods and services imported from a country described in that 
        subsection, the President shall provide notice to and consult 
        with the Committee on Finance of the Senate and the Committee 
        on Ways and Means of the House of Representatives regarding the 
        increase.
            (2) Publication.--Not less than 45 days before the 
        effective date of any increase under subsection (a) in the 
        rates of duty applicable to goods and services imported from a 
        country described in that subsection, the President shall 
        publish notice of the increase in the Federal Register.
    (f) Termination.--The President shall terminate the application of 
any increase under subsection (a) in the rates of duty applicable to 
goods and services imported from a country described in that subsection 
effective on the date on which the President certifies in writing to 
Congress that the country is no longer purchasing, trading, consuming, 
or importing crude oil or petroleum products produced in the Islamic 
Republic of Iran.
    (g) Petroleum Products Defined.--In this section, the term 
``petroleum products'' includes unfinished oils, liquefied petroleum 
gases, pentanes plus, aviation gasoline, motor gasoline, naphtha-type 
jet fuel, kerosene-type jet fuel, kerosene, distillate fuel oil, 
residual fuel oil, petrochemical feedstocks, special naphthas, 
lubricants, waxes, petroleum coke, asphalt, road oil, still gas, and 
miscellaneous products obtained from the processing of crude oil 
(including lease condensate), natural gas, and other hydrocarbon 
compounds.
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