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H.R. 7321 115th Congress House

Blocking Iran Illicit Finance Act

Official title: To impose sanctions with respect to Iranian financial institutions and the development and use of Iranian digital currency, and for other purposes.

Introduced: December 17, 2018 See on congress.gov
International Affairs Administrative law and regulatory proceduresArms control and nonproliferationBank accounts, deposits, capitalCongressional oversight
More subjectsShow fewer subjects
CurrencyDepartment of the TreasuryDigital mediaFinancial services and investmentsForeign and international bankingForeign propertyFraud offenses and financial crimesInsurance industry and regulationInternational law and treatiesIranMiddle EastNuclear weaponsSanctionsTerrorism
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 20, 2018
Referred to the Subcommittee on Trade.
Dec 17, 2018
Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, the Judiciary, Ways and Means, 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.
Dec 17, 2018
Introduced in House
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 Latest action December 20, 2018

Referred to the Subcommittee on Trade.

 Plain-English summary Congressional Research Service

Blocking Iran Illicit Finance Act

This bill expands sanctions against Iranian financial institutions that engage in various prohibited activities. It also directs the President to impose sanctions against (1) persons that provide financial messaging services to such institutions, and (2) persons that conduct significant transactions in any Iranian digital currency.

 Related & companion bills 1
  • S 3758 Blocking Iranian Illicit Finance Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 6
 Cosponsors 3
All 3 Republican 3
R
Bacon, Don
Nebraska · Dec 17, 2018
 R
Banks, Jim
Indiana · Dec 17, 2018
 R
Stefanik, Elise M.
New York · Dec 17, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7321: Blocking Iran Illicit Finance Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-7321/
MLA
"H.R. 7321: Blocking Iran Illicit Finance Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-7321/.
Bluebook (legal)
H.R. 7321, 115th Cong. (2026), https://openamerica.io/bill/115-HR-7321/.
Markdown link
[H.R. 7321: Blocking Iran Illicit Finance Act](https://openamerica.io/bill/115-HR-7321/)
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