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H.R. 5711 (114th): No U.S. Financing for Iran Act

The text of the bill below is as of Jul 11, 2016 (Introduced).


I

114th CONGRESS

2d Session

H. R. 5711

IN THE HOUSE OF REPRESENTATIVES

July 11, 2016

(for himself and Mr. Sherman) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To prohibit the Secretary of the Treasury from authorizing certain transactions by a U.S. financial institution in connection with the export or re-export of a commercial passenger aircraft to the Islamic Republic of Iran.

1.

Prohibition

The Secretary of the Treasury may not authorize a transaction by a U.S. financial institution (as defined under section 561.309 of title 31, Code of Federal Regulations) that is ordinarily incident to the export or re-export of a commercial passenger aircraft to the Islamic Republic of Iran.