Skip to main content
HR 4179 112th Congress House

Iran Financial Sanctions Improvement Act of 2012

Official title: To strengthen the multilateral sanctions regime with respect to Iran, to expand sanctions relating to the energy sector of Iran, the proliferation of weapons o… Show full official titleShow less

Official title: To strengthen the multilateral sanctions regime with respect to Iran, to expand sanctions relating to the energy sector of Iran, the proliferation of weapons of mass destruction by Iran, and human rights abuses in Iran, and for other purposes.

Introduced: March 8, 2012 Introduced by: Sherman, Brad Democratic · California See on congress.gov
International Affairs Arms control and nonproliferationBusiness recordsCongressional oversightCorporate finance and management
More subjectsShow fewer subjects
Credit and credit marketsFinancial services and investmentsForeign and international bankingGovernment information and archivesGovernment lending and loan guaranteesInsurance industry and regulationInternational monetary system and foreign exchangeIranMiddle EastNuclear weaponsPublic contracts and procurementSanctionsTerrorismTrade restrictionsVisas and passports
Sign in to write a letter Sign in to watch
This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 26, 2012
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Apr 26, 2012
Referred to the Subcommittee on International Monetary Policy and Trade.
Mar 15, 2012
Referred to the Subcommittee on Immigration Policy and Enforcement.
Mar 8, 2012
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.
Mar 8, 2012
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action April 26, 2012

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service

Iran Financial Sanctions Improvement Act of 2012 - Directs the Comptroller General to submit to Congress a list of all known entities that provide services to, or facilitate service access for, the Central Bank of Iran or any Iranian financial institution.

Directs the Secretary of the Treasury to report to Congress on efforts to ensure that the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Clearstream, and other similar entities have terminated the provision of services to, and the facilitation of service access for, the Central Bank of Iran and other Iranian financial institutions.

Authorizes the President to impose specified sanctions on an entity that has not terminated any such relationship.

Amends the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to require each foreign financial institution that maintains a U.S. correspondent account or a payable-through account to report to the Secretary of the Treasury regarding any financial dealings with an Iranian financial institution during the preceding 180 days. Directs the Secretary to make such reports public.

Amends the National Defense Authorization Act for Fiscal Year 2012 to include as a sanctionable activity the maintenance of funds or accounts for, or on behalf of, the Central Bank of Iran or another Iranian financial institution.

Applies specified sanctions with respect to a foreign financial institution owned or controlled by the government of a foreign country (including a central bank of a foreign country) to the same extent and in the same manner as such sanctions apply to other foreign financial institutions.

Directs the President to impose specified sanctions against a person that knowingly provided underwriting services or reinsurance: (1) for any activity regarding Iran for which sanctions have been imposed, or (2) to or for any person on which sanctions have been imposed for engaging in an activity with respect to Iran or any person designated for the imposition of sanctions in connection with Iran's proliferation of weapons of mass destruction or support for international terrorism.

Includes among such sanctions export and procurement sanctions, and visa, property, banking, loan, and foreign exchange prohibitions.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 7
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4179: Iran Financial Sanctions Improvement Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-4179/
MLA
"H.R. 4179: Iran Financial Sanctions Improvement Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-4179/.
Bluebook (legal)
H.R. 4179, 112th Cong. (2026), https://openamerica.io/bill/112-HR-4179/.
Markdown link
[H.R. 4179: Iran Financial Sanctions Improvement Act of 2012](https://openamerica.io/bill/112-HR-4179/)
Report a problem