{"format":1,"id":"118-hr-5923","congress":118,"number":"H.R. 5923","kind":"bill","group":"bills","title":"Iran-China Energy Sanctions Act of 2023","title_source":"Short Title(s) as Passed House","official_title":"To impose restrictions on correspondent and payable-through accounts in the United States with respect to Chinese financial institutions that conduct transactions involving the purchase of petroleum or petroleum products from Iran.","titles":[{"type":"Official Title as Introduced","title":"To impose restrictions on correspondent and payable-through accounts in the United States with respect to Chinese financial institutions that conduct transactions involving the purchase of petroleum or petroleum products from Iran."},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"Iran-China Energy Sanctions Act of 2023"},{"type":"Display Title","title":"Iran-China Energy Sanctions Act of 2023"},{"type":"Short Title(s) as Introduced","title":"Iran-China Energy Sanctions Act of 2023"},{"type":"Short Title(s) as Reported to House","title":"Iran-China Energy Sanctions Act of 2023"},{"type":"Short Title(s) as Passed House","title":"Iran-China Energy Sanctions 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-h122","question":"On Motion to Suspend the Rules and Pass, as Amended","title":"Iran-China Energy Sanctions Act","result":"Passed","yea":383,"nay":11,"present":0,"not_voting":36,"source":"https://clerk.house.gov/evs/2024/roll122.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":"Iran-China Energy Sanctions Act of 2023"},{"k":"p","t":"This bill requires the President to periodically determine whether any Chinese financial institution has engaged in the purchase of petroleum or petroleum products from Iran. U.S. financial institutions shall not open or maintain certain accounts with such Chinese financial institutions."}],"words":46},"summary":{"main_subject":{"text":"Amends a 2012 defense authorization law on sanctions so that certain purchases of Iranian petroleum and Iranian unmanned aerial vehicles count as significant financial transactions, and requires the President to make periodic determinations and report them to congressional committees.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/5923/text/eh#H95DFCFB5D6A748E7853C3EA9C76041B1"}]},"core_areas":["Iran-related sanctions on foreign financial institutions","Chinese financial institution purchases of Iranian petroleum and petroleum products","Foreign financial institution purchases of Iranian unmanned aerial vehicles","Presidential determinations and reporting to congressional committees"],"what_it_does":[{"text":"Amends Section 1245(d) of the National Defense Authorization Act for Fiscal Year 2012 by adding a paragraph on how its sanctions apply to Chinese financial institutions.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/5923/text/eh#H95DFCFB5D6A748E7853C3EA9C76041B1"}},{"text":"Provides that a significant financial transaction includes any transaction by a Chinese financial institution involving the purchase of petroleum or petroleum products from Iran, without regard to its size, number, frequency, or nature.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/5923/text/eh#H95DFCFB5D6A748E7853C3EA9C76041B1"}},{"text":"Provides that a significant financial transaction includes any transaction by a foreign financial institution involving the purchase of Iranian unmanned aerial vehicles, UAV parts, or related systems, without regard to its size, number, frequency, or nature.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/5923/text/eh#H95DFCFB5D6A748E7853C3EA9C76041B1"}},{"text":"Requires the President, within 180 days after enactment and every year after that for 5 years, to determine whether any Chinese financial institution or any financial institution has engaged in such a transaction.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/5923/text/eh#H95DFCFB5D6A748E7853C3EA9C76041B1"}},{"text":"Requires the President to transmit each determination to the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/5923/text/eh#H95DFCFB5D6A748E7853C3EA9C76041B1"}}],"unexpected":[],"version":{"type":"Engrossed in House","date":"2024-04-15","rule":"passed","href":"https://www.congress.gov/bill/118th-congress/house-bill/5923/text/eh"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-01","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/118th-congress/house-bill/5923","text":"https://www.congress.gov/bill/118th-congress/house-bill/5923/text"},"card":{"image":"card/item/118-hr-5923.png","v":"bcd508dda0a5","alt":"Votes on Record. H.R. 5923, 118th Congress: Iran-China Energy Sanctions Act of 2023. House: 383 Yea, 11 Nay. Outcome: Passed House, 15 Apr 2024."}}