HR 5921
No U.S. Financing for Iran Act of 2023
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the No U.S. Financing for Iran Act of 2023, aims to prevent the United States from financially supporting Iran. It prohibits U.S. financial institutions from engaging in transactions with Iran regarding imports or exports, excluding humanitarian goods like food, medicine, and medical devices. The bill also directs the U.S. at the International Monetary Fund to oppose Iran’s access to financial assistance and SDRs. Furthermore, it codifies existing prohibitions on the Export-Import Bank providing financing to the Iranian government, with the provisions set to expire either after 30 days of a presidential certification regarding Iran’s terrorism support or 10 years after the bill’s enactment.
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