Keeping Aircraft Away from Terrorists Act of 2016

Bill: 114-s-3286
Sponsor: full_name: Sen. Rubio, Marco [R-FL]
Introduced: 2016-09-06
Policy area: Foreign Trade and International Finance
Subjects: Administrative law and regulatory procedures

Aviation and airports

Contracts and agency

Foreign and international banking

Iran

Licensing and registrations

Middle East

Securities

Trade restrictions
Latest action: action_date: 2016-09-06
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2016-09-06
action_desc: Introduced in Senate
text: <p><strong>Keeping Aircraft Away from Terrorists Act of 2016</strong></p> <p>This bill prohibits the President and executive agencies from&nbsp;issuing&nbsp;a&nbsp;license&nbsp;under the International Emergency Economic Powers Act, or providing other guidance, that allows a person, depository institution, registered securities broker or dealer, or foreign financial institution to conduct a transaction related to the export of aircraft to Iran.</p>

tv_txt: II 114th CONGRESS 2d Session S. 3286 IN THE SENATE OF THE UNITED STATES September 6, 2016 Mr. Rubio introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To prohibit the issuing of licenses for the export or reexport of aircraft and related parts and services to Iran.

1. Short title This Act may be cited as the Keeping Aircraft Away from Terrorists Act of 2016 . 2. Prohibition on issuance of licenses relating to exporting or reexporting certain aircraft to Iran (a) In general The President or the head of an executive agency may not issue any license under the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ) or subpart E of part 535 of title 31, Code of Federal Regulations, or provide other guidance (including in the form of executive actions, rules, regulations, frequently asked questions, written communications, or any other commitments), that permits— (1) a United States person to conduct a transaction related to the negotiation of, or entry into, a contract for any activity related to the export or re-export to Iran of aircraft or related parts or services; (2) a United States depository institution or United States registered broker or dealer in securities to conduct a transaction related to the negotiation of, or entry into, such a contract; or (3) a foreign financial institution to conduct a transaction related to the negotiation of, or entry into, such a contract. (b) Definitions In this section: (1) Executive agency The term executive agency has the meaning given that term in section 133 of title 41, United States Code. (2) Foreign financial institution The term foreign financial institution has the meaning given that term in section 1010.605 of title 31, Code of Federal Regulations, as in effect on January 1, 2016. (3) United States depository institution The term United States depository institution has the meaning given that term in section 560.319 of title 31, Code of Federal Regulations, as in effect on January 1, 2016. (4) United States person The term United States person means— (A) a United States citizen or an alien lawfully admitted for permanent residence to the United States; or (B) an entity organized under the laws of the United States or of any jurisdiction within the United States, including a foreign branch of such an entity. (5) United States registered broker or dealer in securities The term United States registered broker or dealers in securities has the meaning given that term in section 560.321 of title 31, Code of Federal Regulations, as in effect on January 1, 2016.