I 

118TH CONGRESS 

1ST SESSION H. R. 5921 

To prohibit the Secretary of the Treasury from authorizing certain transactions by a United States financial institution in connection with Iran, 

to prevent the International Monetary Fund from providing financial 

assistance to Iran, to codify prohibitions on Export-Import Bank financing for the Government of Iran, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

OCTOBER 11, 2023 

Mr. HUIZENGA (for himself, Mrs. WAGNER, Mr. MEUSER, Mr. POSEY, Mr. 

NUNN of Iowa, Mr. LOUDERMILK, Mr. WILLIAMS of Texas, Mr. 

RESCHENTHALER, Mr. MCCORMICK, Ms. SALAZAR, Mr. FEENSTRA, Mr. 

LUETKEMEYER, Mr. SCOTT FRANKLIN of Florida, Mr. SMITH of New 

Jersey, Mr. JAMES, Mr. SELF, Mr. RUTHERFORD, Mr. BARR, and Mr. 

OGLES) introduced the following bill 

OCTOBER 25, 2023 

Referred to the Committee on Financial Services 

A BILL 

To prohibit the Secretary of the Treasury from authorizing 

certain transactions by a United States financial institution in connection with Iran, to prevent the International 

Monetary Fund from providing financial assistance to 

Iran, to codify prohibitions on Export-Import Bank financing for the Government of Iran, and for other purposes. 

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


kjohnson on DSK7ZCZBW3PROD with $$_JOB
2 

•HR 5921 IH

1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘No U.S. Financing 

3 for Iran Act of 2023’’. 

4 SEC. 2. PROHIBITION ON AUTHORIZATIONS FOR UNITED 

5 STATES FINANCIAL INSTITUTIONS. 

6 The Secretary of the Treasury may not authorize a 

7 transaction by a U.S. financial institution (as defined in 

8 section 561.309 of title 31, Code of Federal Regulations) 

9 in connection with the importation from or exportation to 

10 the Islamic Republic of Iran of any goods, services, or 

11 technology, other than the sale of agricultural commod12 ities, food, medicine, or medical devices benefitting the ci13 vilian population of Iran. 

14 SEC. 3. OPPOSITION TO INTERNATIONAL MONETARY FUND 

15 ASSISTANCE. 

16 The Secretary of the Treasury shall instruct the 

17 United States Executive Director at the International 

18 Monetary Fund to— 

19 (1) oppose the provision of financial assistance 

20 by the Fund to the Islamic Republic of Iran, and the 

21 allocation to the Government of Iran of Special 

22 Drawing Rights; and 

23 (2) seek to ensure that member countries of the 

24 Fund prohibit the exchange of Special Drawing 

25 Rights held by the Government of Iran. 


kjohnson on DSK7ZCZBW3PROD with $$_JOB
3 

•HR 5921 IH

1 SEC. 4. CODIFICATION OF EXPORT-IMPORT BANK PROHIBI2 TION WITH RESPECT TO IRAN. 

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

4 (12 U.S.C. 635(b)) is amended by adding at the end the 

5 following: 

6 ‘‘(14) PROHIBITION ON FINANCING FOR

7 IRAN.—The Bank may not guarantee, insure, or ex8 tend (or participate in an extension of) credit in con9 nection with any transaction, with respect to which 

10 credit assistance from the Bank is first sought after 

11 the effective date of this paragraph, for which a 

12 lender or obligor is the Government of Iran or an 

13 entity owned or controlled by the Government of 

14 Iran.’’. 

15 SEC. 5. SUNSET. 

16 This Act and the amendment made by this Act are 

17 hereby repealed effective on the earliest of— 

18 (1) the date that is 30 days after the date the 

19 President of the United States certifies to the Con20 gress that the Government of Iran— 

21 (A) has ceased providing support for acts 

22 of international terrorism; and 

23 (B) is not a jurisdiction of primary money 

24 laundering concern, as described under section 

25 5318A of title 31, United States Code; or 


kjohnson on DSK7ZCZBW3PROD with $$_JOB
4 

•HR 5921 IH

1 (2) 10 years after the date of the enactment of 

2 this Act. 

Æ 


kjohnson on DSK7ZCZBW3PROD with $$_JOB