HR 6015 · 116th Congress · Finance and Financial Sector
Stop Evasion of Iran Sanctions Act of 2020
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2020-02-28)
Plain Language Summary
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Stop Evasion of Iran Sanctions Act of 2020 This bill allows the Department of the Treasury to subject a financial institution to operating restrictions and reporting requirements if the institution is connected with the Instrument in Support of Trade Exchanges (INSTEX). INSTEX is an entity designed to facilitate trade between Iran and non-U.S. countries and was created in response to the renewal of certain U.S. sanctions against Iran.…
Summarized by Claude AI · Non-partisan · For informational purposes only