{"format":1,"id":"118-hr-5921","congress":118,"number":"H.R. 5921","kind":"bill","group":"bills","title":"No U.S. Financing for Iran Act of 2023","title_source":"Short Title(s) as Passed House","official_title":"To prohibit the Secretary of the Treasury from authorizing certain transactions by a United States financial institution in connection with Iran, to prevent the International Monetary Fund from providing financial assistance to Iran, to codify prohibitions on Export-Import Bank financing for the Government of Iran, and for other purposes.","titles":[{"type":"Official Title as Introduced","title":"To prohibit the Secretary of the Treasury from authorizing certain transactions by a United States financial institution in connection with Iran, to prevent the International Monetary Fund from providing financial assistance to Iran, to codify prohibitions on Export-Import Bank financing for the Government of Iran, and for other purposes."},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"No U.S. Financing for Iran Act of 2023"},{"type":"Display Title","title":"No U.S. Financing for Iran Act of 2023"},{"type":"Short Title(s) as Introduced","title":"No U.S. Financing for Iran Act of 2023"},{"type":"Short Title(s) as Reported to House","title":"No U.S. Financing for Iran Act of 2023"},{"type":"Short Title(s) as Passed House","title":"No U.S. Financing for Iran Act of 2023"}],"outcome":"passed_house","law_number":null,"introduced":"2023-10-11","chambers":{"house":{"status":"roll_call","date":"2024-04-15","vote":{"id":"118-2024-h123","question":"On Motion to Suspend the Rules and Pass, as Amended","title":"No U.S. Financing for Iran Act","result":"Passed","yea":294,"nay":105,"present":0,"not_voting":32,"source":"https://clerk.house.gov/evs/2024/roll123.xml"}},"senate":{"status":"na","date":null,"vote":null}},"president":{"status":"na","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.","date":"2024-04-16"},"nominees":null,"amendments":[],"other_votes":[],"crs_summary":{"date":"2023-12-19","stage":"Reported to House","blocks":[{"k":"h","t":"No U.S. Financing for Iran Act of 2023"},{"k":"p","t":"This bill prohibits certain actions related to exports, imports, and financing with respect to Iran."},{"k":"p","t":"Specifically, the bill prohibits the Department of the Treasury from authorizing U.S. financial institution transactions in connection with the importation from or exportation to Iran of goods, services, or technology. This prohibition does not apply to the sale of agricultural commodities, food, medicine, medical devices, or humanitarian assistance benefitting the civilian population of Iran."},{"k":"p","t":"The bill requires Treasury to instruct U.S. representatives to the International Monetary Fund (IMF) to (1) oppose IMF financial assistance, and the allocation of Special Drawing Rights (SDR), to Iran; and (2) seek to ensure that IMF member countries prohibit the exchange of SDR held by Iran. (The SDR is an international reserve asset maintained by the IMF based on contributions from IMF member countries. SDRs may be exchanged between member countries and may also be exchanged for currencies.)"},{"k":"p","t":"Further, the bill provides statutory authority for the prohibition on Export-Import Bank financing with respect to Iran."},{"k":"p","t":"The bill's provisions shall be in effect until the earlier of (1) 30 days after the President certifies to Congress that Iran has ceased providing support for acts of international terrorism and is not a jurisdiction of primary money laundering concern, or (2) 10 years after this bill's enactment."}],"words":222},"summary":{"main_subject":{"text":"Restricts U.S. financial transactions, International Monetary Fund assistance, and Export-Import Bank financing in connection with Iran, and repeals these provisions on a set sunset condition.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/5921/text/eh#H70A7763C513F4855B0516E7DAC718C34"},{"label":"Sec. 3","href":"https://www.congress.gov/bill/118th-congress/house-bill/5921/text/eh#H4E833B88A1DA49B58867182725D22E86"},{"label":"Sec. 4","href":"https://www.congress.gov/bill/118th-congress/house-bill/5921/text/eh#H450E22C3121545ED855D1F229927C5DD"},{"label":"Sec. 5","href":"https://www.congress.gov/bill/118th-congress/house-bill/5921/text/eh#H59A17075F39149EAA137706B936F67E1"}]},"core_areas":["Treasury authorization of U.S. financial institution transactions involving Iran","U.S. opposition to International Monetary Fund assistance and Special Drawing Rights for Iran","Export-Import Bank financing prohibition for the Government of Iran"],"what_it_does":[{"text":"Bars the Secretary of the Treasury from authorizing a U.S. financial institution transaction in connection with importing goods, services, or technology from Iran or exporting them to Iran.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/5921/text/eh#H70A7763C513F4855B0516E7DAC718C34"}},{"text":"Exempts from that bar the sale of agricultural commodities, food, medicine, medical devices, or humanitarian assistance benefitting the civilian population of Iran.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/5921/text/eh#H70A7763C513F4855B0516E7DAC718C34"}},{"text":"Requires the Secretary of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund to oppose financial assistance to Iran and the allocation of Special Drawing Rights to the Government of Iran.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/118th-congress/house-bill/5921/text/eh#H4E833B88A1DA49B58867182725D22E86"}},{"text":"Requires the Secretary of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund to seek to ensure that member countries prohibit the exchange of Special Drawing Rights held by the Government of Iran.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/118th-congress/house-bill/5921/text/eh#H4E833B88A1DA49B58867182725D22E86"}},{"text":"Amends the Export-Import Bank Act of 1945 to bar the Bank from guaranteeing, insuring, or extending credit for a transaction in which a lender or obligor is the Government of Iran or an entity it owns or controls.","cite":{"label":"Sec. 4","href":"https://www.congress.gov/bill/118th-congress/house-bill/5921/text/eh#H450E22C3121545ED855D1F229927C5DD"}},{"text":"Repeals the Act and its amendment on the earliest of 30 days after the President certifies that Iran has ceased supporting international terrorism and is not a jurisdiction of primary money laundering concern, or 10 years after enactment.","cite":{"label":"Sec. 5","href":"https://www.congress.gov/bill/118th-congress/house-bill/5921/text/eh#H59A17075F39149EAA137706B936F67E1"}}],"unexpected":[{"category":"selective_carve_out","items":[{"cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/5921/text/eh#H70A7763C513F4855B0516E7DAC718C34"},"heading":"Prohibition on authorizations for United States financial institutions","effect":"Bars the Treasury Secretary from authorizing U.S. financial institution transactions tied to imports from or exports to Iran, except for sales of agricultural commodities, food, medicine, medical devices, or humanitarian assistance benefitting Iran's civilian population.","amount":null,"quote":"other than the sale of agricultural commodities, food, medicine, medical devices, or humanitarian assistance benefitting the civilian population of Iran"}]}],"version":{"type":"Engrossed in House","date":"2024-04-15","rule":"passed","href":"https://www.congress.gov/bill/118th-congress/house-bill/5921/text/eh"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-02","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/118th-congress/house-bill/5921","text":"https://www.congress.gov/bill/118th-congress/house-bill/5921/text"},"card":{"image":"card/item/118-hr-5921.png","v":"6be04a89b655","alt":"Votes on Record. H.R. 5921, 118th Congress: No U.S. Financing for Iran Act of 2023. House: 294 Yea, 105 Nay. Outcome: Passed House, 15 Apr 2024."}}