Iran Ballistic Missile Prevention and Sanctions Act of 2016

Bill: 114-hr-4342
Sponsor: Rep. Delaney, John K. [D-MD-6]
Introduced: 2016-01-07 in the House
Policy area: International Affairs
Subjects: Arms control and nonproliferation
Competitiveness, trade promotion, trade deficits
Congressional oversight
Corporate finance and management
Foreign loans and debt
Foreign property
International monetary system and foreign exchange
Iran
Middle East
Military assistance, sales, and agreements
Nuclear weapons
Presidents and presidential powers, Vice Presidents
Public contracts and procurement
Sanctions
Technology transfer and commercialization
Trade restrictions
U.S. and foreign investments

Summary:
action_date: 2016-01-07
text: 

Iran Ballistic Missile Prevention and Sanctions Act of 2016

 
This bill directs the President to impose five or more sanctions with respect to a person (or an entity) that knowingly transfers to or from Iran advanced conventional weapons or ballistic missiles, or technology, parts, components, or technical information related to advanced conventional weapons or ballistic missiles.
 
Sanctions may include:
 
 
prohibitions on Export-Import Bank assistance,
 
prohibitions on loans from U.S. financial institutions and other financial services,
 
prohibitions on foreign exchange and other banking transactions,
 
prohibitions on property transactions,
 
prohibitions on exports and federal procurement,
 
prohibitions on equity and debt investment,
 
U.S. exclusion of corporate officers, and
 
imposition of sanctions on principal executive officers.
 
 
The President shall include a sanctioned person on the list of specially designated nationals and blocked persons maintained by the Department of the Treasury's Office of Foreign Assets Control. 
 
The President may, with prior congressional notice, waive the application of sanctions on a case-by-case basis if in the U.S. national security interests.


Legislative actions:
action_date: 2016-01-07
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, the Judiciary, and Oversight and Government Reform, 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: 2016-01-07
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, the Judiciary, and Oversight and Government Reform, 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: 2016-01-07
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, the Judiciary, and Oversight and Government Reform, 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: 2016-01-07
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, the Judiciary, and Oversight and Government Reform, 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: 2016-01-07
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, the Judiciary, and Oversight and Government Reform, 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: 2016-01-07
text: Introduced in House
action_date: 2016-01-07
text: Introduced in House