1. Short title This Act may be cited as the Preventing Iranian Destabilization of Iraq Act of 2017 . 2. Statement of policy It shall be the policy of the United States to impose sanctions with respect to terrorist organizations and foreign countries, including the Government of Iran, that threaten the peace or stability and impede the democratic processes of Iraq or the Government of Iraq. 3. Imposition of sanctions with respect to Iranian persons threatening peace or stability in Iraq (a) Sense of congress It is the sense of Congress that the Secretary of the Treasury and the Secretary of State should continue to implement Executive Order 13438 ( 50 U.S.C. 1701 note; relating to blocking property of certain persons who threaten stabilization efforts in Iraq). (b) Imposition of sanctions The President shall impose the sanctions described in subsection (c)(1)(A) and the Secretary of State or the Secretary of Homeland Security (or a designee of one of such Secretaries) shall impose the sanctions described in subsection (c)(1)(B) with respect to any Iranian person that the President, acting through the Secretary of State or the Secretary of Homeland Security (or a designee of one of such Secretaries), as the case may be, determines— (1) to have knowingly committed, or to pose a significant risk of committing, an act or acts of violence that have the purpose or effect of— (A) threatening the peace or stability of Iraq or the Government of Iraq; (B) undermining or attempting to undermine, co-opt, or confound the democratic process in Iraq; or (C) undermining efforts to promote economic reconstruction and political reform in Iraq or to provide humanitarian assistance to the Iraqi people; (2) has knowingly materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, any activity described in subparagraph (A), (B), or (C) of paragraph (1)