To require the imposition of sanctions on foreign financial institutions that are members of an entity that provides services relating to secure communications, electronic funds transfers, or cable transfers to the Central Bank of Iran or sanctioned financial institutions.
Latest action · Feb 23, 2012 Referred to the Subcommittee on International Monetary Policy and Trade.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 2, 2012
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to impose sanctions on a foreign financial institution that employs a member of the board of directors of an entity that provides, or facilitates access to, services relating to secure communications, electronic funds transfers, or cable transfers to the Central Bank of Iran or a sanctioned financial institution.
Prohibits the Secretary of the Treasury from prohibiting or conditioning the opening or maintaining in the United States of a correspondent account or a payable-through account by a foreign financial institution for employing a member of the board of directors of such an entity if the services relate to petroleum-related transactions from Iran that occur before the date on which specified sanctions apply.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Feb 2, 2012 to Mar 16, 2012, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-CA | Edward R. Royce | Original | Feb 2, 2012 |
| R-OH | Steve Chabot | Original | Feb 2, 2012 |
| D-CA | Brad Sherman | Mar 1, 2012 | |
| R-GA | Austin Scott | Mar 16, 2012 |
Actions 4
Everything that happened, newest first.
- Feb 23, 2012Referred to the Subcommittee on Financial Institutions and Consumer Credit.
- Feb 23, 2012Referred to the Subcommittee on International Monetary Policy and Trade.
- Feb 2, 2012Introduced in House
- Feb 2, 2012Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
Text 1
Each version as it was printed, newest first.
- Feb 2, 2012Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.