H.R. 5921No U.S. Financing for Iran Act of 2023

1 recorded action299 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Bill Huizenga [R-MI-04]
Cosponsors: 30 · 30 Republicans
Policy area: Foreign Trade and International Finance
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: Apr 16, 2024 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedOct 11, 2023
Passed the HouseApr 15, 2024
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

No U.S. Financing for Iran Act of 2023

This bill prohibits certain actions related to exports, imports, and financing with respect to Iran.

Specifically, the bill prohibits the Department of the Treasury from authorizing U.S. financial institution transactions in connection with the importation from or exportation to Iran of goods, services, or technology. This prohibition does not apply to the sale of agricultural commodities, food, medicine, medical devices, or humanitarian assistance benefitting the civilian population of Iran.

The bill requires Treasury to instruct U.S. representatives to the International Monetary Fund (IMF) to (1) oppose IMF financial assistance, and the allocation of Special Drawing Rights (SDR), to Iran; and (2) seek to ensure that IMF member countries prohibit the exchange of SDR held by Iran. (The SDR is an international reserve asset maintained by the IMF based on contributions from IMF member countries. SDRs may be exchanged between member countries and may also be exchanged for currencies.)

Further, the bill provides statutory authority for the prohibition on Export-Import Bank financing with respect to Iran.

The bill's provisions shall be in effect until the earlier of (1) 30 days after the President certifies to Congress that Iran has ceased providing support for acts of international terrorism and is not a jurisdiction of primary money laundering concern, or (2) 10 years after this bill's enactment.

Written by the nonpartisan Congressional Research Service, describing H.R. 5921 as reported to House on Dec 19, 2023. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 123

House Apr 15, 2024

On Motion to Suspend the Rules and Pass, as Amended

No U.S. Financing for Iran Act

Passed · Two-thirds required

294 Yea 105 Nay 32 not voting

Crossed both parties 89 of 399 voting members broke with their own party: 88 Democrats, 1 Republican.

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How the chamber split

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DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

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All members431 members

Democratic213 members

Republican218 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors30 · 30 Republicans

Signing on is not a vote: a member can cosponsor H.R. 5921 and vote against it. 18 signed when it was filed.

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H.R. 5921No U.S. Financing for Iran Act of 2023

What the measure doesCRS summary

How every member votedHouse roll call 123

On Motion to Suspend the Rules and Pass, as Amended

How the chamber split

Cosponsors30 · 30 Republicans

H.R. 5921No U.S. Financing for Iran Act of 2023

What the measure doesCRS summary

How every member votedHouse roll call 123

On Motion to Suspend the Rules and Pass, as Amended

How the chamber split

Cosponsors30 · 30 Republicans

Who lobbied on H.R. 59214 organizations

Who lobbied on H.R. 59214 organizations