Congress 114 - HR 5711 - No U.S. Financing for Iran Act

Sponsor

Rep. Bill Huizenga (R-MI)

Cosponsors

Topics

Aviation and airports Finance and Financial Sector Iran Middle East Trade restrictions

Full Text

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Votes

Summary

No U.S. Financing for Iran Act

TITLE I--IRAN FINANCING PROHIBITION

(Sec. 101) This bill prohibits the Department of the Treasury from authorizing U.S. financial institution transactions in connection with the export or re-export of commercial passenger aircraft to the Islamic Republic of Iran.

(Sec. 102) Any transaction authorized by Treasury before enactment of this bill is revoked.

TITLE II--NO EX-IM ASSISTANCE FOR TERRORISM

No Ex-Im Assistance for Terrorism Act

(Sec. 202) This bill amends the Export-Import Bank Act of 1945 to prohibit the Export-Import Bank from guaranteeing, insuring, extending credit, or participating in the extension of credit in connection with the export of U.S. goods or services sought by:

the Government of Iran, an entity owned or controlled by it, an entity created under Iranian law, or a foreign subsidiary of such an entity;
an entity involving the Government of Iran, owned or controlled by the Government of Iran, created under Iranian law, or a foreign subsidiary of such an entity; or
a non-U.S. entity that, in the last five-years, has leased or sold aircraft to the Government of Iran, or a subsidiary or controlling parent of such a non-U.S. entity.

The Bank must cancel approved financing if it finds that such financing has facilitated the export, sale, or lease of an aircraft to the Government of Iran or a related entity and must seek immediate recovery of any amount it has provided in connection with the transaction.

TITLE III--SUNSET

(Sec. 301) This bill shall cease to be effective 30 days after the President certifies to Congress that the Government of Iran has ceased support for acts of international terrorism.

Actions

Nov 28, 2016

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 17, 2016

Considered as unfinished business. (consideration: CR H6288-6289)
Nov 17, 2016

The Chair announced that the unfinished business and pursuant to a previous order of the House, the question was on adoption of a motion to recommit with instructions, which had been debated earlier and on which further proceedings had been postponed.
Nov 17, 2016

Motion to reconsider laid on the table Agreed to without objection.
Nov 17, 2016

On passage Passed by the Yeas and Nays: 243 - 174 (Roll no. 587).
Nov 17, 2016

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 243 - 174 (Roll no. 587).
Nov 17, 2016

On motion to recommit with instructions Failed by the Yeas and Nays: 181 - 235 (Roll no. 586). (consideration: CR H6288-6289)
Nov 16, 2016

POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit with instructions, the Chair put the question on adopting the motion and by voice vote, announced that the nays had prevailed. Mr. Swalwell (CA) demanded the yeas and nays, and pursuant to a previous order of the House, the Chair postponed further proceedings on the motion to recommit with instructions until a time to be announced.
Nov 16, 2016

DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add a section to prohibit the Secretary of the Treasury from authorizing a transaction described under section 101 by a U.S. financial institution if such institution is engaged in business with a foreign entity that has been found to have engaged in or authorized cyber attacks targeting any election held in the United States.
Nov 16, 2016

Mr. Swalwell (CA) moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H6264; text: CR H6264)
Nov 16, 2016

DEBATE - Pursuant to the provisions of H.Res. 921, the House proceeded with 10 minutes of debate on the Huizenga (MI) amendment.
Nov 16, 2016

DEBATE - The House proceeded with one hour of debate on H.R. 5711.
Nov 16, 2016

The rule provides for one hour of general debate on H.R. 5711 and H.R. 5982.
Nov 16, 2016

Considered under the provisions of rule H. Res. 921. (consideration: CR H6255-6265; text of measure as reported in House: CR H6255-6256)
Nov 16, 2016

ORDER OF PROCEDURE - Mr. Huizenga (MI) asked unanimous consent that the question of adopting a motion to recommit on H.R. 5711 be subject to postponement as though under Clause 8 of Rule 20. Agreed to without objection.
Nov 14, 2016

Rules Committee Resolution H. Res. 921 Reported to House. The rule provides for one hour of general debate on H.R. 5711 and H.R. 5982.
Nov 14, 2016

Placed on the Union Calendar, Calendar No. 634.
Nov 14, 2016

Reported (Amended) by the Committee on Financial Services. H. Rept. 114-810.
Jul 13, 2016

Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 21.
Jul 13, 2016

Committee Consideration and Mark-up Session Held.
Jul 11, 2016

Referred to the House Committee on Financial Services.
Jul 11, 2016

Introduced in House
Jul 7, 2016

Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Introduction and Referral.

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