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

The text of the bill below is as of Nov 14, 2016 (Reported by House Committee).

Source: GPO

IB

Union Calendar No. 634

114th CONGRESS

2d Session

H. R. 5711

[Report No. 114–810]

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

November 14, 2016

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

Insert the part printed in italic


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.

2.

Revocation of prior authorizations

If the Secretary of the Treasury authorized any transaction described under section 1 before the date of the enactment of this Act, such authorization is hereby revoked.

November 14, 2016

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed