H.R. 3843 (112th): To amend the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to provide for the imposition of sanctions with respect to the National Iranian Oil Company and the National Iranian Tanker Company.

Jan 31, 2012 (112th Congress, 2011–2013)
Died (Referred to Committee)
Howard Berman
Representative for California's 28th congressional district
Read Text »
Last Updated
Jan 31, 2012
5 pages
Related Bills
S. 2101 (Related)
Iran Sanctions, Accountability, and Human Rights Act of 2012

Reported by Committee
Last Action: Feb 13, 2012


This bill was introduced on January 31, 2012, in a previous session of Congress, but was not enacted.

Introduced Jan 31, 2012
Referred to Committee Jan 31, 2012

No summaries available.

3 cosponsors (3D) (show)

House Financial Services

Monetary Policy and Trade

House Foreign Affairs

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

Amends the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to direct the Secretary of the Treasury to determine whether the National Iranian Oil Company (NIOC) or the National Iranian Tanker Company (NITC) is an agent or affiliate of Iran's Islamic Revolutionary Guard Corps (IRGC) and submit such determination to Congress.
Applies, 180 days after the enactment of the National Defense Authorization Act for Fiscal Year 2012 (P.L. 112-81), specified prohibitions and conditions on U.S. correspondent or payable-through accounts of foreign financial institutions that engage in petroleum or petroleum product transactions with, or provide related financial services to, the NIOC or NITC if the President determines that there is a sufficient supply of non-Iranian petroleum and petroleum product sources to permit purchasers of Iranian petroleum and petroleum products to reduce significantly their purchases from Iran.
Exempts from such provision foreign financial institutions from a country that has significantly reduced its crude oil purchases from Iran.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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