IB 

Union Calendar No. 642 

114TH CONGRESS 

2D SESSION H. R. 5715 

[Report No. 114–819] 

To prohibit the Export-Import Bank of the United States from providing 

financing that would benefit Iran. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 11, 2016 

Mr. ROSKAM (for himself and Mr. SHERMAN) introduced the following bill; 

which was referred to the Committee on Financial Services 

NOVEMBER 14, 2016 

Additional sponsors: Mr. POMPEO, Mr. KING of New York, Mr. TIBERI, Mr. 

HOLDING, Mr. DESJARLAIS, Mr. DIAZ-BALART, Mr. KELLY of Pennsylvania, Mr. SCHWEIKERT, and Mr. ZELDIN

NOVEMBER 14, 2016 

Reported with amendments, committed to the Committee of the Whole House 

on the State of the Union, and ordered to be printed 

[Omit the part struck through and insert the part printed in italic] 


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•HR 5715 RH

A BILL 

To prohibit the Export-Import Bank of the United States 

from providing financing that would benefit Iran. 


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•HR 5715 RH

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘No Ex-Im Assistance 

5 for Terrorism Act’’. 

6 SEC. 2. PROHIBITION ON EXPORT-IMPORT BANK FINANC7 ING THAT WOULD BENEFIT IRAN. 

8 Section 2(b) of the Export-Import Bank Act of 1945 

9 (12 U.S.C. 635(b)) is amended by adding at the end the 

10 following: 

11 ‘‘(14) PROHIBITION ON FINANCING THAT WOULD

12 BENEFIT IRAN.— 

13 ‘‘(A) DIRECT FINANCING.—The Bank shall not 

14 guarantee, insure, or extend (or participate in an ex15 tension of) credit in connection with any transaction 

16 with respect to which credit assistance from the 

17 Bank is first sought after the effective date of this 

18 paragraph by— 

19 ‘‘(i) the Government of Iran or an entity 

20 owned or controlled by the Government of Iran; 

21 or 

22 ‘‘(ii) an entity created under Iranian law, 

23 or a foreign subsidiary of such an entity. 

24 ‘‘(B) INDIRECT FINANCING.—The Bank shall 

25 not guarantee, insure, or extend (or participate in an 


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•HR 5715 RH

1 extension of) credit in connection with any trans2 action with respect to which credit assistance from 

3 the Bank is first sought after the effective date of 

4 this paragraph involving— 

5 ‘‘(i) an entity for the purpose of a trans6 action involving the Government of Iran or an 

7 entity referred to in subparagraph (A); or 

8 ‘‘(ii) a non-United States entity that, in 

9 the 5-year period ending with the date of the 

10 enactment of this paragraph, has leased or re11 exported sold aircraft to the Government of 

12 Iran or an entity referred to in subparagraph 

13 (A) in contravention of United States law, or a 

14 subsidiary or controlling parent of such a non15 United States entity. 

16 ‘‘(C) CANCELLATION OF APPROVED FINANC17 ING.—The Bank shall cease the provision of finan18 cial assistance approved by the Bank in connection 

19 with a transaction with respect to which credit as20 sistance from the Bank is first sought approved 

21 after the effective date of this paragraph, on finding 

22 that the assistance has facilitated the export or re23 export export, sale, or lease of an aircraft to Iran an 

24 entity referred to in subparagraph (A), and shall seek 


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1 immediate recovery of any amount provided by the 

2 Bank in connection with the transaction.’’. 


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Union Calendar No. 642 

114TH CONGRESS 

2D SESSION H. R. 5715 

[Report No. 114–819] 

A BILL 

To prohibit the Export-Import Bank of the United 

efit Iran. States from providing financing that would benNOVEMBER 14, 2016 

Reported with amendments, committed to the Committee 

dered to be printed of the Whole House on the State of the Union, and orVerDate Sep 11 2014 02:15 Nov 15, 2016 Jkt 069200 PO 00000 Frm 00006 Fmt 6651 Sfmt 6651 E:\BILLS\H5715.RH H5715

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