HR 5715
114th Congress
House
Foreign Trade and International Finance
Aviation and airports
Competitiveness, trade promotion, trade deficits
Government lending and loan guarantees
Iran
Middle East
Trade restrictions
No Ex-Im Assistance for Terrorism Act
Introduced: July 11, 2016
See on congress.gov
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 14, 2016
Placed on the Union Calendar, Calendar No. 642.
Nov 14, 2016
Reported (Amended) by the Committee on Financial Services. H. Rept. 114-819.
Jul 13, 2016
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 21.
Jul 13, 2016
Committee Consideration and Mark-up Session Held.
Jul 11, 2016
Introduced in House
Jul 11, 2016
Referred to the House Committee on Financial Services.
Plain-English summary
No Ex-Im Assistance for Terrorism Act
(Sec. 2) This bill amends the Export-Import Bank Act of 1945 to prohibit the Export-Import Bank from guaranteeing, insuring, extending credit, or participating in the extension of credit in connection with the export of U.S. goods or services sought by:
- the Government of Iran, an entity owned or controlled by it, an entity created under Iranian law, or a foreign subsidiary of such an entity;
- an entity involving the Government of Iran, owned or controlled by the Government of Iran, created under Iranian law, or a foreign subsidiary of such an entity; or
- a non-U.S. entity that, in the last five-years, has leased or sold aircraft to the Government of Iran, or a subsidiary or controlling parent of such a non-U.S. entity.
The Bank must cancel approved financing if it finds that such financing has facilitated the export, sale, or lease of an aircraft to the Government of Iran or a related entity and must seek immediate recovery of any amount it has provided in connection with the transaction.
What's happening now
Placed on the Union Calendar, Calendar No. 642.
Committees of jurisdiction
1