On July 18, the U.S. Administration announced putting on a blacklist 18 organizations and persons, supporting the Iranian ballistic missile program, Iran's military purchases and IRGC.
The move came after the US House of Representatives and then the Senate passed a sweeping package of bills on sanctions against Iran, Russia, and North Korea.
Parliament Speaker Ali Larijani said the parliament's vote to approve the motion was just the first step, adding that if Washington proceeds with its anti-Tehran policies, the law will take effect.
The bill will allocate $260m (£200m) to Iran's ballistic missile programme and the same amount to Quds Force, the special forces unit of Iran's elite Revolutionary Guard.
Iranian lawmakers on Sunday overwhelmingly voted to approve a bill aimed at countering the new United States sanctions against the Islamic Republic.
Tehran says the measures violate a 2015 deal with world powers that eased sanctions in exchange for curbs on its nuclear programme.
Araghchi, also in defense, said the countermeasure bill is "much stronger" than US Congress bill against Iran, since it also extends support to the Islamic Republic's armed forces and all related ministries.
An additional 20 trillion rials ($609 million) will be evenly divided between the missile program, to improve the nation's "deterrent capability", and Guards' Qods force, which is active throughout the region, according to the bill published by the Tasnim news agency. The launch did not violate the terms of the 2015 nuclear treaty between the United States, Iran and Western nations, but the move was strongly criticized by the USA and other Western allies.
Deputy Iranian Foreign Minister Abbas Araqchi is seen walking in Majlis (Iranian Parliament) on August 13, 2017.
"Iran boasts potential and actual options to confront hostile U.S. actions", said Araqchi.
The bill tasks Foreign, Intelligence, and Defense Ministries, Iran's Army, and its Islamic Revolution Guards Corps (IRGC), and its Quds Force to produce a comprehensive strategy aimed at countering United States threats.