Financial Services Committee advances invoice to carry Iran accountable for financing Hamas and terrorism world wide
Washington, November 14, 2023 –
Today, the House Financial Services Committee handed 11 bipartisan payments in response to the barbaric assault on Israel by Iranian-backed Hamas terrorists and the continued geopolitical turmoil. The invoice reported to the House for consideration would additional punish Hamas and Iran for his or her position in perpetuating violence towards Israeli civilians, monitor the Biden administration’s sanctions and response to the Iranian regime, and It consists of making certain every kind of humanitarian help. Iran isn’t used to financing terrorist acts.
Read President McHenry’s opening remarks right here or by clicking on the picture above.
See beneath for particulars on all 11 payments reported by the Financial Services Committee.
HR 5923, the Iran-China Energy Sanctions Act of 2023, launched by Congressman Mike Lawler (NY-17), would increase the secondary sanctions regime referring to Iran to incorporate Chinese monetary establishments and sanctioned entities that cope with purchases. It covers all transactions with Iranian banks. Petroleum and petroleum merchandise. The invoice would require Chinese monetary establishments to yearly decide whether or not they have engaged in sanctionable conduct.
HR 6245, the Iranian Leaders Accountability Act, launched by Representative French Hill (AR-02), would require the president to report after which publicly disclose the belongings of sure Iranian authorities officers and terrorists. , bringing transparency to terrorist financing. leaders. It additionally requires the Treasury Department to shut U.S. and international monetary establishment accounts related to the belongings.
HR 6323, the Iran Counterterrorism Act of 2023, launched by Representative Yong Kim (CA-40), would require the President to exempt Iran from secondary sanctions imposed in reference to its terrorist acts. Japan is asking on Japan to finish its assist for acts of worldwide terrorism. Country. The invoice additionally supplies for a Congressional overview course of for nationwide safety curiosity exemptions to those sanctions.
HR 6000, the Repeal of the Iran Finances Act of 2023, launched by Congressman Zach Nunn (IA-03), would get rid of Iran’s proxy conflict efforts by revoking the waiver launched in Congress on September 11, 2023. Preventing sources from being diverted to fund. Iranian funds for humanitarian functions had been launched from South Korea to Qatar. The invoice requires reporting on belongings held by the Iranian authorities and sure sanctioned events.
HR 6015, the “Iran Sanctions Accountability Act of 2023,” launched by Congressman Blaine Luetkemeyer (MO-03), would be certain that humanitarian exemptions related to Iran sanctions don’t facilitate acts of worldwide terrorism or weapons proliferation. We are asking the President to situation rules that may Weapons of mass destruction.
HR 6367, the Armed Conflict Immigration Act of 2023, proposed by Congressman Emanuel Cleaver (MO-05), would give the Secretary of the Treasury the precise to talk and vote on the U.S. government director of every worldwide monetary establishment. This is an instruction to instruct the individual to do the next. , and the affect of the United States in offering monetary help to nations internet hosting an inflow of civilian migrants as a result of armed battle ensuing from the Hamas terrorist assault in Israel in October 2023, for use for humanitarian help to migrants. Power.
HR 6370, the OFAC Investigator Licensing Act, proposed by Congresswoman Joyce Beatty (OH-03), would require the Secretary of the Treasury to develop a pilot program inside the Office of Terrorism and Financial Intelligence (TFI). and is managed by the Terrorism and Financial Intelligence Service (TFI). The Office of Foreign Assets Control (OFAC) permits personal corporations to enter into nominal monetary transactions with sanctioned entities to advance investigations. The program consists of, as a situation of the license, periodic reporting of the outcomes of the licensed recipient’s investigation to her OFAC.
HR 6365, the “Interrupting Illegal Oil Transportation Act of 2023” launched by Congresswoman Maxine Waters (CA-43), would prohibit the usage of vessels used to disguise vessels used to move petrochemicals from sanctioned nations. It targets strategies that The invoice would require insurance coverage corporations to incorporate of their contracts a termination clause for vessel protection that may be triggered if the flag state withdraws the vessel’s registration.
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