In September, the House passed by voice vote the Comprehensive Iran Sanctions, Accountability and Divestment Act (H.R. 7112). If passed by both chambers of Congress, the act would make U.S. parent companies liable for violations of Iran sanctions by their foreign subsidiaries. It would also prohibit the direct or indirect import of goods of Iranian origin and the direct or indirect export of most U.S. goods to Iran. Further, U.S. held assets of Iranian persons with close ties to the Iranian government would be frozen. The Act would also tighten the Administration’s reporting requirements on large foreign investments in Iran’s energy sector and increase in financing through 2011 for the Treasury Department’s Office of Terrorism and Financial Intelligence, which includes OFAC. The Senate failed to pass the Act in an October vote, but could reconsider the proposed legislation during the lame duck session that began on November 17.