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 trans-
actions 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 financ-
ing 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] 
VerDate Sep 11 2014 
00:16 Dec 20, 2023
Jkt 049200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6652
E:\BILLS\H5921.RH
H5921
A BILL 
To prohibit the Secretary of the Treasury from authorizing 
certain transactions by a United States financial institu-
tion in connection with Iran, to prevent the International 
Monetary Fund from providing financial assistance to 
Iran, to codify prohibitions on Export-Import Bank fi-
nancing for the Government of Iran, and for other pur-
poses. 
VerDate Sep 11 2014 
00:16 Dec 20, 2023
Jkt 049200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6652
E:\BILLS\H5921.RH
H5921
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 ‘‘No U.S. Financing for 
Iran Act of 2023’’. 
SEC. 2. PROHIBITION ON AUTHORIZATIONS FOR UNITED 
STATES FINANCIAL INSTITUTIONS. 
The Secretary of the Treasury may not authorize a 
transaction by a U.S. financial institution (as defined in 
section 561.309 of title 31, Code of Federal Regulations) in 
connection with the importation from or exportation to the 
Islamic Republic of Iran of any goods, services, or tech-
nology, other than the sale of agricultural commodities, 
food, medicine, medical devices, or humanitarian assistance 
benefitting the civilian population of Iran. 
SEC. 3. OPPOSITION TO IMF ASSISTANCE. 
The Secretary of the Treasury shall instruct the United 
States Executive Director at the International Monetary 
Fund to— 
(1) oppose the provision of financial assistance 
by the Fund to the Islamic Republic of Iran, and the 
allocation to the Government of Iran of Special 
Drawing Rights; and 
VerDate Sep 11 2014 
00:16 Dec 20, 2023
Jkt 049200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6203
E:\BILLS\H5921.RH
H5921
(2) seek to ensure that member countries of the 
Fund prohibit the exchange of Special Drawing 
Rights held by the Government of Iran. 
SEC. 4. CODIFICATION OF EXPORT-IMPORT BANK PROHIBI-
TION WITH RESPECT TO IRAN. 
Section 2(b) of the Export-Import Bank Act of 1945 
(12 U.S.C. 635(b)) is amended by adding at the end the 
following: 
‘‘(14) PROHIBITION ON FINANCING FOR IRAN.— 
The Bank may not guarantee, insure, or extend (or 
participate in an extension of) credit in connection 
with any transaction, with respect to which credit as-
sistance from the Bank is first sought after the effec-
tive date of this paragraph, for which a lender or ob-
ligor is the Government of Iran or an entity owned 
or controlled by the Government of Iran.’’. 
SEC. 5. SUNSET. 
This Act and the amendment made by this Act are 
hereby repealed effective on the earliest of— 
(1) the date that is 30 days after the date the 
President of the United States certifies to the Congress 
that the Government of Iran— 
(A) has ceased providing support for acts of 
international terrorism; and 
VerDate Sep 11 2014 
00:16 Dec 20, 2023
Jkt 049200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6203
E:\BILLS\H5921.RH
H5921
(B) is not a jurisdiction of primary money 
laundering concern, as described under section 
5318A of title 31, United States Code; or 
(2) 10 years after the date of the enactment of 
this Act. 
VerDate Sep 11 2014 
00:16 Dec 20, 2023
Jkt 049200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6203
E:\BILLS\H5921.RH
H5921