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H.R. 5716: To prohibit the Secretary of the Treasury from issuing certain licenses in connection with the export or re-export of a commercial passenger aircraft to the Islamic Republic of Iran, to require the Secretary of the Treasury to issue an annual report on the status of, and risks related to, U.S. financial institutions involved with the sale or lease of such a commercial passenger aircraft, and for other purposes.

Title: To prohibit the Secretary of the Treasury from issuing certain licenses in connection with the export or re-export of a commercial passenger aircraft to the Islamic Republic of Iran, to require the Secretary of the Treasury to issue an annual report on the status of, and risks related to, U.S. financial institutions involved with the sale or lease of such a commercial passenger aircraft, and for other purposes.

Introduced: Jul 11, 2016 (114th Congress)

Sponsor: Rep. Robert Pittenger [R-NC9]

Status: Referred to Committee - Referred to House Financial Services

Summary: This bill prohibits the Department of the Treasury from issuing a license for the export or re-export of commercial passenger aircraft to the Islamic Republic of Iran. Treasury shall submit an annual report to Congress: stating whether any U.S. financial institution is involved with the sale or lease of commercial passenger aircraft to Iran by a non-U.S. manufacturer; and containing a description of the risks related to repayment, money laundering, and the financing of terrorism faced by U.S. financial institutions that are involved in such transactions.

Votes

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