IIB 

118TH CONGRESS 

2D SESSION H. R. 5921 

IN THE SENATE OF THE UNITED STATES 

APRIL 16, 2024 

Received; read twice and referred to the Committee on Banking, Housing, and 

Urban Affairs 

AN ACT 

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. 


kjohnson on DSK7ZCZBW3PROD with $$_JOB
2 

HR 5921 RFS

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 

5 for 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) 

11 in connection with the importation from or exportation to 

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

13 technology, other than the sale of agricultural commod14 ities, food, medicine, medical devices, or humanitarian as15 sistance benefitting the civilian population of Iran. 

16 SEC. 3. OPPOSITION TO IMF ASSISTANCE. 

17 The Secretary of the Treasury shall instruct the 

18 United States Executive Director at the International 

19 Monetary 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 


kjohnson on DSK7ZCZBW3PROD with $$_JOB
3 

HR 5921 RFS

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

10 IRAN.—The Bank may not guarantee, insure, or ex11 tend (or participate in an extension of) credit in con12 nection with any transaction, with respect to which 

13 credit assistance from the Bank is first sought after 

14 the effective date of this paragraph, for which a 

15 lender or obligor is the Government of Iran or an 

16 entity owned or controlled by the Government of 

17 Iran.’’. 

18 SEC. 5. SUNSET. 

19 This Act and the amendment made by this Act are 

20 hereby repealed effective on the earliest of— 

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

22 President of the United States certifies to the Con23 gress that the Government of Iran— 

24 (A) has ceased providing support for acts 

25 of international terrorism; and 


kjohnson on DSK7ZCZBW3PROD with $$_JOB
4 

HR 5921 RFS

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. 

Passed the House of Representatives April 15, 2024. 

Attest: KEVIN F. MCCUMBER, 

Clerk. 


kjohnson on DSK7ZCZBW3PROD with $$_JOB