S 1001 · 113th Congress 2013–2015, ended

Iran Export Embargo Act

Introduced May 21, 2013 Originated Senate Sponsor John Cornyn R-TX

Fact sheet

Latest action · May 21, 2013 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S3661-3662)

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. IntroducedMay 21, 2013
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Iran Export Embargo Act - Amends the Iran Freedom and Counter-Proliferation Act of 2012 to direct the President to prohibit all transactions in property and property interests of a person (as defined in this Act) if such property and property interests are in the United States or within the possession or control of a U.S. individual.

Directs the President to prohibit the opening, and prohibit or impose strict conditions on the maintaining, in the United States of a correspondent account or a payable-through account by a foreign financial institution that has knowingly conducted or facilitated a significant transaction with respect to the importation, sale, or transfer of goods or services from Iran on behalf of a described person.

Directs the President to impose sanctions pursuant to the International Emergency Economic Powers Act with respect to an individual that knowingly: (1) imports, purchases, or transfers goods or services from a described person; and (2) provides underwriting services or insurance or reinsurance to a described person.

Describes a "person" as: (1) the state and the government of Iran, or any political subdivision, agency, or instrumentality of such government, including the Central Bank of Iran; (2) any person owned or controlled by, or acting for or on behalf of, such government; or (3) any other person determined by the President to be described in clauses (1) or (2).

Cosponsors 20

Members who signed on, in the order they did. Signatures ran from May 21, 2013 to Nov 12, 2013, with 16 there on the day it was introduced.

SeatCosponsorSigned on
R-INDaniel CoatsOriginalMay 21, 2013
R-LADavid VitterOriginalMay 21, 2013
R-NEDeb FischerOriginalMay 21, 2013
R-IDJames E. RischOriginalMay 21, 2013
R-ARJohn BoozmanOriginalMay 21, 2013
R-NDJohn HoevenOriginalMay 21, 2013
R-GAJohnny IsaksonOriginalMay 21, 2013
R-SCLindsey GrahamOriginalMay 21, 2013
R-FLMarco RubioOriginalMay 21, 2013
R-ILMark KirkOriginalMay 21, 2013
R-IDMike CrapoOriginalMay 21, 2013
R-KSPat RobertsOriginalMay 21, 2013
R-MSRoger F. WickerOriginalMay 21, 2013
R-MORoy BluntOriginalMay 21, 2013
R-GASaxby ChamblissOriginalMay 21, 2013
Show all 20 cosponsors

Actions 2

Everything that happened, newest first.

  1. May 21, 2013Introduced in Senate
  2. May 21, 2013Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S3661-3662)

Subjects

Assigned by the Library of Congress. Policy area: International Affairs.

Text 1

Each version as it was printed, newest first.

  1. May 21, 2013Introduced in Senate

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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.