Stop U.S. Support for State Sponsors of Terrorism Act

Bill: 114-hr-5729
Sponsor: Rep. Pittenger, Robert [R-NC-9]
Introduced: 2016-07-12 in the House
Policy area: Finance and Financial Sector
Subjects: Aviation and airports
Competitiveness, trade promotion, trade deficits
Congressional oversight
Fraud offenses and financial crimes
Iran
Licensing and registrations
Middle East
Terrorism
Trade restrictions

Summary:
action_date: 2016-07-12
text: 
This bill prohibits the Department of the Treasury from issuing a license for the export or re-export of commercial passenger aircraft to the Islamic Republic of Iran.
 
Treasury shall submit an annual report to Congress:
 
 
stating whether any U.S. financial institution is involved with the sale or lease of commercial passenger aircraft or aircraft spare parts to Iran by a non-U.S. manufacturer, and whether any such involvement is with respect to such aircraft or spare parts comprising 10% or more U.S. content; and
 
containing a description of the risks related to repayment, money laundering, and the financing of terrorism faced by U.S. financial institutions that are involved in such transactions.
 
 
The Export-Import Bank shall report annually to Congress on the use of Bank assistance for such transactions.

action_date: 2016-12-12
text: 

Stop U.S. Support for State Sponsors of Terrorism Act

 
(Sec. 2) This bill prohibits the Department of the Treasury from issuing a license for the export or re-export of commercial passenger aircraft to the Islamic Republic of Iran.
 
(Sec. 3) Treasury shall submit an annual report to Congress:
 
 
stating whether any U.S. financial institution is involved with the sale or lease of commercial passenger aircraft or aircraft spare parts to Iran by a non-U.S. manufacturer, and whether any such involvement is with respect to such aircraft or spare parts comprising 10% or more U.S. content; and 
containing a description of the risks related to repayment, money laundering, and the financing of terrorism faced by U.S. financial institutions that are involved in such transactions. 
 
 
(Sec. 4) The Export-Import Bank shall report annually to Congress on the use of Bank assistance for such transactions.


Legislative actions:
action_date: 2016-12-12
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 114-866, Part I.
action_date: 2016-12-12
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 114-866, Part I.
action_date: 2016-07-13
text: Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 21.
action_date: 2016-07-13
text: Committee Consideration and Mark-up Session Held.
action_date: 2016-07-12
text: Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2016-07-12
text: Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2016-07-12
text: Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2016-07-12
text: Introduced in House
action_date: 2016-07-12
text: Introduced in House
action_date: 2016-07-07
text: Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Introduction and Referral.