HR 5431 · 113th Congress 2013–2015, ended

Isolating ISIS Act

Fact sheet

Latest action · Sep 10, 2014 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Government Reform, and 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.

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.

  1. IntroducedSep 10, 2014
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Isolating ISIS Act - Directs the Secretary of the Treasury to prohibit, or impose strict conditions on, the opening or maintaining in the United States of a correspondent account or a payable-through account by a foreign financial institution that knowingly:
  • facilitates a transaction for the Islamic State of Iraq and Syria (ISIS);
  • facilitates a transaction of a person designated for acting on behalf of or at the direction of, or owned or controlled by, ISIS;
  • engages in money laundering to carry out such an activity;
  • facilitates a transaction or provides financial services to carry out such an activity; or
  • facilitates such an activity, conspires to facilitate or participate in such an activity, or is owned or controlled by a foreign financial institution that knowingly engages in such an activity.

Applies specified penalties under the International Emergency Economic Powers Act for violations of this Act.

Authorizes the Secretary to waive the application of a prohibition for up to 180 days (with renewable 180-day waivers) if in U.S. national security interests, and with congressional notification.

Directs the Secretary to identify to Congress every 180 days each foreign central bank that carries out a prohibited activity.

Directs the President to transmit to Congress a list of, and impose specified sanctions against, any person who knowingly engages in a transaction with a foreign person that transfers or receives, or facilitates the transfer or receipt of, any goods or services to or from ISIS.

States that the President shall not be required to include a person on this list if: (1) that person is no longer engaging in or has taken significant steps toward stopping sanctioned activities, and (2) the President has received reliable assurances that such person will not knowingly engage in any new sanctioned activity.

States that nothing in this Act shall apply to authorized U.S. intelligence activities.

Cosponsors 7

Members who signed on, in the order they did. Signatures ran from Sep 16, 2014 to Sep 17, 2014.

SeatCosponsorSigned on
R-AZDavid SchweikertSep 16, 2014
R-PAGlenn ThompsonSep 16, 2014
D-MAJames P. McGovernSep 16, 2014
R-PAKeith J. RothfusSep 16, 2014
R-ILRodney DavisSep 16, 2014
D-MDJohn K. DelaneySep 17, 2014
R-WIReid J. RibbleSep 17, 2014

Actions 2

Everything that happened, newest first.

  1. Sep 10, 2014Introduced in House
  2. Sep 10, 2014Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Government Reform, and 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.

  1. Sep 10, 2014Introduced in House

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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.