Strengthening Oversight of Iran's Access to Finance Act
Latest action · Dec 18, 2017 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
- IntroducedNov 9, 2017
- Passed HouseDec 14, 2017
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Strengthening Oversight of Iran's Access to Finance Act
(Sec. 3) This bill sets forth reporting requirements with respect to the export of commercial passenger aircrafts to Iran. The Department of the Treasury must report on financial institutions conducting transactions regarding such exports. Additionally, Treasury must determine if such transactions pose a risk relating to money laundering, terrorism, or other sanctionable activities.
The President may waive the requirements of this bill under certain circumstances.
Recorded votes 2
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 684 | On Passage | Passed252–167 | Dec 14, 2017 |
| House 683 | On Motion to Recommit with Instructions | Failed188–233 | Dec 14, 2017 |
Cosponsors 12
Members who signed on, in the order they did. Signatures ran from Nov 13, 2017 to Dec 7, 2017.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-KY | Andy Barr | Nov 13, 2017 | |
| R-ME | Bruce Poliquin | Nov 13, 2017 | |
| R-NC | Ted Budd | Nov 13, 2017 | |
| R-NY | Claudia Tenney | Nov 14, 2017 | |
| R-NY | Lee M. Zeldin | Nov 14, 2017 | |
| R-MD | Andy Harris | Nov 29, 2017 | |
| R-MI | Bill Huizenga | Nov 29, 2017 | |
| R-CA | Doug LaMalfa | Nov 29, 2017 | |
| R-TX | Jodey C. Arrington | Nov 29, 2017 | |
| R-GA | Rick W. Allen | Nov 29, 2017 | |
| R-FL | Thomas J. Rooney | Nov 29, 2017 | |
| R-GA | Earl L. "Buddy" Carter | Dec 7, 2017 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Nov 9, 2017Markup Nov 14, 2017Reported Dec 8, 2017 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Dec 18, 2017 |
Actions 22
Everything that happened, newest first.
- Dec 18, 2017Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Dec 14, 2017Considered as unfinished business. (consideration: CR H9916-9918)
- Dec 14, 2017On motion to recommit with instructions Failed by the Yeas and Nays: 188 - 233 (Roll no. 683).
- Dec 14, 2017Passed/agreed to in House: On passage Passed by the Yeas and Nays: 252 - 167 (Roll no. 684).
- Dec 14, 2017Motion to reconsider laid on the table Agreed to without objection.
- Dec 14, 2017The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 4324.
- Dec 13, 2017Rule H. Res. 658 passed House.
- Dec 13, 2017Considered under the provisions of rule H. Res. 658. (consideration: CR H9880-9891; text of amendment in the nature of a substitute: CR H9880-9881)
- Dec 13, 2017Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Rule provides for one hour of general debate on each bill. It also makes in order specified amendments for the bills.
- Dec 13, 2017DEBATE - The House proceeded with one hour of debate on H.R. 4324.
- Dec 13, 2017DEBATE - Pursuant to the provisions of H.Res. 658, the House proceeded with 10 minutes of debate on the Gaetz amendment No. 1.
- Dec 13, 2017Mr. Swalwell (CA) moved to recommit with instructions to the Committee on Financial Services. (text: CR H9890)
- Dec 13, 2017DEBATE - 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 prohibit financial institutions participating in certain transactions from engaging in business with a foreign entity that has been found by the Secretary, in consultation with the Director of National Intelligence, to have engaged in or authorized cyber-attacks targeting any election held in the United States.
- Dec 13, 2017The previous question on the motion to recommit with instructions was ordered without objection.
- Dec 13, 2017POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit with instructions, the Chair put the question on the motion and by voice vote, announced that the noes had prevailed. Mr. Swalwell demanded the yeas and nays and the Chair postponed further proceedings on the motion until a time to be announced.
- Dec 12, 2017Rules Committee Resolution H. Res. 658 Reported to House. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Rule provides for one hour of general debate on each bill. It also makes in order specified amendments for the bills.
- Dec 7, 2017Reported (Amended) by the Committee on Financial Services. H. Rept. 115-452.
- Dec 7, 2017Placed on the Union Calendar, Calendar No. 334.
- Nov 14, 2017Committee Consideration and Mark-up Session Held.
- Nov 14, 2017Ordered to be Reported by the Yeas and Nays: 38 - 21.
- Nov 9, 2017Introduced in House
- Nov 9, 2017Referred to the House Committee on Financial Services.
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House · Extensions | Debate and remarks E1708, H9918Recorded votes H9916, H9917enactSwalwell motion to recommit (certify that institutions financing aircraft to Iran have not engaged a foreign entity involved in cyber attacks targeting U.S. elections) | Earl Blumenauer D-OR, Roger Williams R-TX | Dec 14, 2017 |
| House | Debate and remarks H9854–H9860, H9880–H9891Text printed H9854, H9880Amendments H9858, H9889Motions H9890Recorded votes H9859, H9860consideration (H. Res. 658), previous question | Alcee L. Hastings D-FL (amendment), Andy Barr R-KY, Christopher H. Smith R-NJ, David E. Price D-NC, Denny Heck D-WA, Eric Swalwell D-CA (motion), Ileana Ros-Lehtinen R-FL, J. French Hill R-AR, James A. Himes D-CT, Jeb Hensarling R-TX, Ken Buck R-CO, Lee M. Zeldin R-NY, Matt Gaetz R-FL (amendment), Maxine Waters D-CA, Ralph Norman R-SC, Roger Williams R-TX, Ted Budd R-NC | Dec 13, 2017 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Dec 6, 2017H.R. 4324, Strengthening Oversight of Iran’s Access to Finance ActAs ordered reported by the House Committee on Financial Services on November 14, 2017
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 183, November 9, 2017, page H8697.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 115-119 | ADMINISTRATION GOALS FOR MAJOR SANCTIONS PROGRAMS39 pages | Financial Services Committee | Sep 26, 2018 |
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| RS20871 | Iran Sanctions Archived | Report | Feb 2, 2022 |
Amendments 2
Amendments offered to this bill.
| Amendment | Description | Offered by | Status |
|---|---|---|---|
| HAmdt 500 | Pursuant to the provisions of H. Res. 658 the amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-48 is considered as adopted. | Rules Committee | House amendment offered |
| HAmdt 501 | An amendment numbered 1 printed in Part B of House Report 115-463 to include, in the report already required in the underlying text, certification that the transaction will not benefit an Iranian person that has knowingly transported items used to establish in Syria a permanent military presence of either Iranian military forces or Iranian backed militia. | Matt Gaetz R-FL | On agreeing to the Gaetz amendment (A002) Agreed to by voice vote. |
Related bills 2
Companion bills and other measures the record links to this one.
Titles 4
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To require the Secretary of the Treasury to make certifications with respect to United States and foreign financial institutions' aircraft-related transactions involving Iran, and for other purposes.
- Short Titles as Introduced
- Strengthening Oversight of Iran's Access to Finance Act
- Short Titles as Reported to House
- Strengthening Oversight of Iran's Access to Finance Act
- Short Titles as Passed House
- Strengthening Oversight of Iran's Access to Finance Act
Subjects
Assigned by the Library of Congress. Policy area: Foreign Trade and International Finance.
- Arms control and nonproliferation
- Aviation and airports
- Congressional oversight
- Foreign and international banking
- Foreign property
- Foreign Trade and International Finance
- Fraud offenses and financial crimes
- Human rights
- Iran
- Middle East
- Nuclear weapons
- Presidents and presidential powers, Vice Presidents
- Sanctions
- Syria
- Terrorism
- Trade restrictions
- War and emergency powers
Text 4
Each version as it was printed, newest first.
- Dec 18, 2017Referred in Senate
- Dec 14, 2017Engrossed in House
- Dec 7, 2017Reported in House
- Nov 9, 2017Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
