Text: H.R.5608 — 114th Congress (2015-2016)All Information (Except Text)

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Introduced in House (06/28/2016)


114th CONGRESS
2d Session
H. R. 5608


To prevent Iran from directly or indirectly receiving assistance from the Export-Import Bank of the United States.


IN THE HOUSE OF REPRESENTATIVES

June 28, 2016

Mr. Roskam (for himself, Mr. Mulvaney, Mr. Tiberi, Mr. Diaz-Balart, Mr. King of New York, Mr. Austin Scott of Georgia, Mr. Young of Iowa, Mr. Duffy, Mr. Holding, Mr. Kelly of Pennsylvania, Mr. Gowdy, Mr. Harris, Mr. Pompeo, and Mr. Zeldin) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To prevent Iran from directly or indirectly receiving assistance from the Export-Import Bank of the United States.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “No Ex-Im Financing for Iran Act”.

SEC. 2. Prohibition on assistance benefiting Iran.

Section 2(b) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(b)) is amended by adding at the end the following:

“(14) Prohibition on assistance benefiting Iran.—The Bank may not guarantee, insure, or extend (participate in the extension of) credit in connection with a transaction, with respect to which credit assistance from the Bank is first sought after the effective date of this paragraph, involving any entity that does business with, or provides credit or a guarantee to any other entity in connection with a transaction involving—

“(A) the Government of Iran, or an entity in which the Government of Iran participates; or

“(B) an entity that is created under Iranian law; or

“(C) an operation in Iran.”.