H.R.5715 - No Ex-Im Assistance for Terrorism Act114th Congress (2015-2016)
|Sponsor:||Rep. Roskam, Peter J. [R-IL-6] (Introduced 07/11/2016)|
|Committees:||House - Financial Services|
|Committee Reports:||H. Rept. 114-819|
|Latest Action:||House - 11/14/2016 Placed on the Union Calendar, Calendar No. 642. (All Actions)|
This bill has the status Introduced
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Summary: H.R.5715 — 114th Congress (2015-2016)All Information (Except Text)
Reported to House with amendment(s) (11/14/2016)
No Ex-Im Assistance for Terrorism Act
(Sec. 2) This bill amends the Export-Import Bank Act of 1945 to prohibit the Export-Import Bank from guaranteeing, insuring, extending credit, or participating in the extension of credit in connection with the export of U.S. goods or services sought by:
- the Government of Iran, an entity owned or controlled by it, an entity created under Iranian law, or a foreign subsidiary of such an entity;
- an entity involving the Government of Iran, owned or controlled by the Government of Iran, created under Iranian law, or a foreign subsidiary of such an entity; or
- a non-U.S. entity that, in the last five-years, has leased or sold aircraft to the Government of Iran, or a subsidiary or controlling parent of such a non-U.S. entity.
The Bank must cancel approved financing if it finds that such financing has facilitated the export, sale, or lease of an aircraft to the Government of Iran or a related entity and must seek immediate recovery of any amount it has provided in connection with the transaction.