I 
116TH CONGRESS 
2D SESSION 
H. R. 6015 
To authorize the Secretary of the Treasury to require special measures for 
domestic financial institutions in connection with INSTEX, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 28, 2020 
Mr. STEIL (for himself, Mr. HILL of Arkansas, Mr. ZELDIN, Mr. GOODEN, 
Mr. RIGGLEMAN, and Mr. TIMMONS) introduced the following bill; which 
was referred to the Committee on Financial Services 
A BILL 
To authorize the Secretary of the Treasury to require special 
measures for domestic financial institutions in connection 
with INSTEX, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Stop Evasion of Iran 
Sanctions Act of 2020’’. 
SEC. 2. REQUIREMENT OF SPECIAL MEASURES AT DOMES-
TIC FINANCIAL INSTITUTIONS. 
(a) IN GENERAL.—The Secretary of the Treasury 
may require domestic financial institutions and domestic 
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financial agencies to take one or more of the special meas-
ures described under section 5318A(b) of title 31, United 
States Code, with respect to a financial institution oper-
ating outside of the United States, if the Secretary deter-
mines that the financial institution operating outside of 
the United States knowingly conducts a significant trans-
action in connection with the Instrument in Support of 
Trade Exchanges (INSTEX), or any successor thereof, 
after issuing a report to the Committee on Financial Serv-
ices of the House of Representatives and the Committee 
on Banking, Housing, and Urban Affairs of the Senate 
that contains— 
(1) a statement that the transaction facilitates 
the evasion or circumvention of United States sanc-
tions; 
(2) a statement that the Secretary has con-
sulted, and continues to consult, with European al-
lies and partners on the implications of INSTEX, or 
any successor thereof, with respect to shared policy 
objectives, particularly as the objectives relate to the 
acquisition of nuclear weapons by Iran; 
(3) a statement that the requirement of a spe-
cial measure is important to advance clear objectives 
with respect to the policies or the behavior of a fi-
nancial institution operating outside of the United 
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States, or of any other foreign person, with an ex-
planation of the objectives; 
(4) an assessment of any significant adverse ef-
fects of the special measure, directly or indirectly, on 
the use of the United States dollar and the United 
States financial system by foreign persons, and a 
summary of efforts by the Secretary to mitigate 
such effects; and 
(5) a statement that the requirement of the 
special measure is in the national interest of the 
United States, with an explanation of the reasons 
therefor. 
(b) SUNSET.—The provision of this section shall have 
no force or effect on the earlier of— 
(1) 7 years after the date of enactment of this 
Act; and 
(2) the date on which the President issues a 
written report to the Congress (and makes such re-
port available to the public) stating that the termi-
nation of the authorities under this section is impor-
tant to the national interest of the United States, 
with an explanation of the reasons therefor. 
(c) DEFINITIONS.—In this section, the terms ‘‘do-
mestic financial institution’’, ‘‘domestic financial agency’’, 
and ‘‘financial institution’’ have the meaning given those 
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terms, respectively, under section 5312 of title 31, United 
States Code. 
Æ 
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