Congress 114 - HR 5729 - Stop U.S. Support for State Sponsors of Terrorism Act

Sponsor

Cosponsors

Topics

Aviation and airports Competitiveness, trade promotion, trade deficits Congressional oversight Finance and Financial Sector Fraud offenses and financial crimes Iran Licensing and registrations Middle East Terrorism Trade restrictions

Full Text

View Full Bill Text

Votes

Summary

Stop U.S. Support for State Sponsors of Terrorism Act

(Sec. 2) This bill prohibits the Department of the Treasury from issuing a license for the export or re-export of commercial passenger aircraft to the Islamic Republic of Iran.

(Sec. 3) Treasury shall submit an annual report to Congress:

stating whether any U.S. financial institution is involved with the sale or lease of commercial passenger aircraft or aircraft spare parts to Iran by a non-U.S. manufacturer, and whether any such involvement is with respect to such aircraft or spare parts comprising 10% or more U.S. content; and
containing a description of the risks related to repayment, money laundering, and the financing of terrorism faced by U.S. financial institutions that are involved in such transactions.

(Sec. 4) The Export-Import Bank shall report annually to Congress on the use of Bank assistance for such transactions.

Actions

Dec 12, 2016

Reported (Amended) by the Committee on Financial Services. H. Rept. 114-866, Part I.
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 12, 2016

Referred 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.
Jul 12, 2016

Introduced in House
Jul 7, 2016

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

Amendments

Related Bills