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H.R. 901: No Sanctions Relief for Terrorists Act


The text of the bill below is as of Feb 5, 2021 (Introduced).


I

117th CONGRESS

1st Session

H. R. 901

IN THE HOUSE OF REPRESENTATIVES

February 5, 2021

introduced the following bill; which was referred to the Committee on Foreign Affairs

A BILL

To prohibit the issuance of licenses or other waivers from sanctions imposed pursuant to certain authorities relating to the conduct of Iran, and for other purposes.

1.

Short title

This Act may be cited as the No Sanctions Relief for Terrorists Act.

2.

Prohibition on licenses and waivers

(a)

In General

No license or waiver may be granted with respect to any transaction with any foreign person described in subsection (b) unless the President certifies to the following committees that the foreign persons have ceased their involvement in terrorism:

(1)

The Committee on Foreign Affairs and the Committee on Financial Services of the House of Representatives.

(2)

The Committee on Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of the Senate.

(b)

Sanctioned persons

The foreign persons described in this subsection are all Iranian individuals and entities included, as of January 20, 2021, on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury pursuant to Executive Order 13224 (66 Fed. Reg. 49079; relating to blocking property and prohibiting transactions with persons who commit, threaten to commit, or support terrorism).

(c)

Rule of construction

The prohibition under subsection (a) may not be construed to restrict or modify any general license issued by the Office of Foreign Asset Control relating to transactions with persons described in subsection (b), as in effect on January 20, 2021.