H.R.5729 - To prohibit the Secretary of the Treasury from issuing certain licenses in connection with the export or re-export of a commercial passenger aircraft to the Islamic Republic of Iran, to require annual reports by the Secretary of the Treasury and the Export-Import Bank on financing issues related to the sale or lease of such a commercial passenger aircraft or spare parts for such an aircraft, and for other purposes.114th Congress (2015-2016)
|Sponsor:||Rep. Pittenger, Robert [R-NC-9] (Introduced 07/12/2016)|
|Committees:||House - Foreign Affairs; Financial Services|
|Committee Reports:||H. Rept. 114-866|
|Latest Action:||12/12/2016 Reported (Amended) by the Committee on Financial Services. H. Rept. 114-866, Part I. (All Actions)|
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Summary: H.R.5729 — 114th Congress (2015-2016)All Bill Information (Except Text)
Reported to House amended, Part I (12/12/2016)
Stop U.S. Support for State Sponsors of Terrorism Act
(Sec. 2) This bill prohibits the Department of the Treasury from issuing a license for the export or re-export of commercial passenger aircraft to the Islamic Republic of Iran.
(Sec. 3) Treasury shall submit an annual report to Congress:
- stating whether any U.S. financial institution is involved with the sale or lease of commercial passenger aircraft or aircraft spare parts to Iran by a non-U.S. manufacturer, and whether any such involvement is with respect to such aircraft or spare parts comprising 10% or more U.S. content; and
- containing a description of the risks related to repayment, money laundering, and the financing of terrorism faced by U.S. financial institutions that are involved in such transactions.
(Sec. 4) The Export-Import Bank shall report annually to Congress on the use of Bank assistance for such transactions.