Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 5921
118th Congress(2023-2024)
No U.S. Financing for Iran Act of 2023
Active
Active
Passed House on Apr 15, 2024
Overview
Text
Introduced
Oct 11, 2023
Latest Action
Apr 16, 2024
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5921
Congress
118
Policy Area
Foreign Trade and International Finance
Foreign Trade and International Finance
Primary focus of measure is competitiveness, trade barriers and adjustment assistance; foreign loans and international monetary system; international banking; trade agreements and negotiations; customs enforcement, tariffs, and trade restrictions; foreign investment. Measures concerning border enforcement may fall under Immigration policy area.
Sponsorship by Party
Republican
Bill Huizenga
Michigan
Republican
Bill Posey
Florida
Republican
Byron Donalds
Florida
Republican
John Rutherford
Florida
Republican
Maria Elvira Salazar
Florida
Republican
Scott Franklin
Florida
Republican
Barry Loudermilk
Georgia
Republican
Richard McCormick
Georgia
Republican
Randy Feenstra
Iowa
Republican
Zachary Nunn
Iowa
Republican
Andy Barr
Kentucky
Republican
John James
Michigan
Republican
Ann Wagner
Missouri
Republican
Blaine Luetkemeyer
Missouri
Republican
Adrian Smith
Nebraska
Republican
Chris Smith
New Jersey
Republican
Andrew Garbarino
New York
Republican
Michael Lawler
New York
Republican
Nicholas A. Langworthy
New York
Republican
Nick LaLota
New York
Republican
Greg Murphy
North Carolina
Republican
Dan Meuser
Pennsylvania
Republican
Guy Reschenthaler
Pennsylvania
Republican
Lloyd Smucker
Pennsylvania
Republican
Ralph Norman
South Carolina
Republican
Russell Fry
South Carolina
Republican
Andrew Ogles
Tennessee
Republican
August Pfluger
Texas
Republican
Keith Self
Texas
Republican
Monica De La Cruz
Texas
Republican
Roger Williams
Texas
House Votes (1)
Senate Votes (0)
checkPassed on April 15, 2024
Question
On Motion to Suspend the Rules and Pass, as Amended
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
2/3 Yea-And-Nay
Roll Number
123
House Roll Call Votes
Summary

No U.S. Financing for Iran Act of 2023

This bill prohibits certain actions related to exports, imports, and financing with respect to Iran.

Specifically, the bill prohibits the Department of the Treasury from authorizing U.S. financial institution transactions in connection with the importation from or exportation to Iran of goods, services, or technology. This prohibition does not apply to the sale of agricultural commodities, food, medicine, or medical devices benefitting the civilian population of Iran.

The bill requires Treasury to instruct U.S. representatives to the International Monetary Fund (IMF) to (1) oppose IMF financial assistance, and the allocation of Special Drawing Rights (SDR), to Iran; and (2) seek to ensure that IMF member countries prohibit the exchange of SDR held by Iran. (The SDR is an international reserve asset maintained by the IMF based on contributions from IMF member countries. SDRs may be exchanged between member countries and may also be exchanged for currencies.)

Further, the bill provides statutory authority for the prohibition on Export-Import Bank financing with respect to Iran.

The bill's provisions shall be in effect until the earlier of (1) 30 days after the President certifies to Congress that Iran has ceased providing support for acts of international terrorism and is not a jurisdiction of primary money laundering concern, or (2) 10 years after this bill's enactment.

Text (4)
Referred in Senate
April 16, 2024
Engrossed in House
April 15, 2024
Reported in House
December 19, 2023
Introduced in House
October 25, 2023
Actions (15)
04/16/2024
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
04/15/2024
Motion to reconsider laid on the table Agreed to without objection.
04/15/2024
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 294 - 105 (Roll no. 123).
04/15/2024
Passed/agreed to in House On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 294 - 105 (Roll no. 123). (text: CR H2376)
04/15/2024
Considered as unfinished business.
04/15/2024
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
04/15/2024
DEBATE - The House proceeded with forty minutes of debate on H.R. 5921.
04/15/2024
Considered under suspension of the rules.
04/15/2024
Mr. McHenry moved to suspend the rules and pass the bill, as amended.
12/19/2023
Placed on the Union Calendar, Calendar No. 271.
12/19/2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-332.
11/14/2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 34 - 12.
11/14/2023
Committee Consideration and Mark-up Session Held
10/25/2023
Referred to the House Committee on Financial Services.
10/11/2023
Introduced in House
Public Record
Record Updated
Apr 23, 2024 11:56:28 PM
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