IB 

Union Calendar No. 271 

118TH CONGRESS 

1ST SESSION H. R. 5921 

[Report No. 118–332] 

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 

DECEMBER 19, 2023 

Additional sponsors: Mr. DONALDS, Mr. SMUCKER, Mr. PFLUGER, Mr. FRY, 

Mr. NORMAN, Mr. LANGWORTHY, Mr. MURPHY, Mr. SMITH of Nebraska, 

Mr. LAWLER, Ms. DE LA CRUZ, Mr. LALOTA, and Mr. GARBARINO

DECEMBER 19, 2023 

Reported with an amendment, committed to the Committee of the Whole 

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

[Strike out all after the enacting clause and insert the part printed in italic] 

[For text of introduced bill, see copy of bill as introduced on October 11, 2023] 

2 

•HR 5921 RH

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. 

3 

•HR 5921 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 U.S. Financing for 

5 Iran Act of 2023’’. 

6 SEC. 2. PROHIBITION ON AUTHORIZATIONS FOR UNITED 

7 STATES FINANCIAL INSTITUTIONS. 

8 The Secretary of the Treasury may not authorize a 

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

10 section 561.309 of title 31, Code of Federal Regulations) in 

11 connection with the importation from or exportation to the 

12 Islamic Republic of Iran of any goods, services, or tech13 nology, other than the sale of agricultural commodities, 

14 food, medicine, medical devices, or humanitarian assistance 

15 benefitting the civilian population of Iran. 

16 SEC. 3. OPPOSITION TO IMF ASSISTANCE. 

17 The Secretary of the Treasury shall instruct the United 

18 States Executive Director at the International Monetary 

19 Fund to— 

20 (1) oppose the provision of financial assistance 

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

22 allocation to the Government of Iran of Special 

23 Drawing Rights; and 

4 

•HR 5921 RH

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

2 Fund prohibit the exchange of Special Drawing 

3 Rights held by the Government of Iran. 

4 SEC. 4. CODIFICATION OF EXPORT-IMPORT BANK PROHIBI5 TION WITH RESPECT TO IRAN. 

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

7 (12 U.S.C. 635(b)) is amended by adding at the end the 

8 following: 

9 ‘‘(14) PROHIBITION ON FINANCING FOR IRAN.— 

10 The Bank may not guarantee, insure, or extend (or 

11 participate in an extension of) credit in connection 

12 with any transaction, with respect to which credit as13 sistance from the Bank is first sought after the effec14 tive date of this paragraph, for which a lender or ob15 ligor is the Government of Iran or an entity owned 

16 or controlled by the Government of Iran.’’. 

17 SEC. 5. SUNSET. 

18 This Act and the amendment made by this Act are 

19 hereby repealed effective on the earliest of— 

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

21 President of the United States certifies to the Congress 

22 that the Government of Iran— 

23 (A) has ceased providing support for acts of 

24 international terrorism; and 

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•HR 5921 RH

1 (B) is not a jurisdiction of primary money 

2 laundering concern, as described under section 

3 5318A of title 31, United States Code; or 

4 (2) 10 years after the date of the enactment of 

5 this Act. 

Union Calendar No. 271 

118TH CONGRESS 

1ST SESSION H. R. 5921 

[Report No. 118–332] 

A BILL 

To prohibit the Secretary of the Treasury from auposes. for the Government of Iran, and for other pur- prohibitions on Export-Import Bank financing providing financial assistance to Iran, to codify prevent the International Monetary Fund from financial institution in connection with Iran, to thorizing certain transactions by a United States 

DECEMBER 19, 2023 

Reported with an amendment, committed to the Comand ordered to be printed mittee of the Whole House on the State of the Union,