HR 4324 · 115th Congress · Foreign Trade and International Finance
Strengthening Oversight of Iran's Access to Finance Act
Bill Progress
1
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2017-12-18)
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Plain Language Summary
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Strengthening Oversight of Iran's Access to Finance Act This bill directs the Department of the Treasury, not later than 30 days after authorizing a U. S. or foreign financial institution to export or re-export a commercial passenger aircraft to Iran (or, for an authorization made after January 16, 2016, but before the enactment of this bill, not later than 60 days after such enactment) and every 180 days thereafter for the duration of the authorization, to submit to Congress a report containing: a list of financial institutions that have, since January 16, 2016, conducted transactions authorized in connection with such export or re-export; and either a certification that such transaction does not pose a significant money laundering or terrorism financing risk to the U. S. financial system and will not benefit an Iranian person who for the one year preceding the certification has knowingly transported weapons of mass destruction or has knowingly provided transportation services or material support to terrorists, and that any such institution had appropriate policies, procedures, and processes in place to avoid engaging in sanctionable activities; or a statement that the Treasury is…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4324, Strengthening Oversight of Iran’s Access to Finance Act
Dec 6, 2017As ordered reported by the House Committee on Financial Services on November 14, 2017
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (12)
12 Republicans