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HR 4898 114th Congress House

No Dollars for Iran Act

Official title: To prohibit the Department of the Treasury from issuing licenses to permit offshore dollar clearing outside of the United States financial system for transactions involving or benefitting Iran.

Introduced: April 12, 2016 See on congress.gov
Finance and Financial Sector CurrencyForeign and international bankingIranLicensing and registrations
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Middle EastSanctions
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 11, 2016
Referred to the House Committee on Financial Services.
Apr 11, 2016
Introduced in House
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 Latest action April 11, 2016

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

No Dollars for Iran Act

This bill prohibits the Department of the Treasury from issuing a license under any law, including the Iranian Transactions and Sanctions Regulations, that would permit a person to conduct offshore dollar clearing outside of the U.S. financial system for transactions that would involve or benefit the government of Iran or any Iranian person.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 1
Benishek, Dan
· Apr 14, 2016
 R
Weber, Randy K. Sr.
Texas · Apr 12, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4898: No Dollars for Iran Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-4898/
MLA
"H.R. 4898: No Dollars for Iran Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-4898/.
Bluebook (legal)
H.R. 4898, 114th Cong. (2026), https://openamerica.io/bill/114-HR-4898/.
Markdown link
[H.R. 4898: No Dollars for Iran Act](https://openamerica.io/bill/114-HR-4898/)
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