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118th Congress Foreign Trade and International Finance

H.R. 5921: No U.S. Financing for Iran Act of 2023

Passed HouseApr 15, 2024

  1. Introduced (completed)Oct 11, 2023
  2. Passed House (completed)Apr 15, 2024, 294–105
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Reported to House, Dec 19, 2023

No U.S. Financing for Iran Act of 2023

This bill prohibits certain actions related to exports, imports, and financing with respect to Iran.

Specifically, the bill prohibits the Department of the Treasury from authorizing U.S. financial institution transactions in connection with the importation from or exportation to Iran of goods, services, or technology. This prohibition does not apply to the sale of agricultural commodities, food, medicine, medical devices, or humanitarian assistance benefitting the civilian population of Iran.

Read the full summary

The bill requires Treasury to instruct U.S. representatives to the International Monetary Fund (IMF) to (1) oppose IMF financial assistance, and the allocation of Special Drawing Rights (SDR), to Iran; and (2) seek to ensure that IMF member countries prohibit the exchange of SDR held by Iran. (The SDR is an international reserve asset maintained by the IMF based on contributions from IMF member countries. SDRs may be exchanged between member countries and may also be exchanged for currencies.)

Further, the bill provides statutory authority for the prohibition on Export-Import Bank financing with respect to Iran.

The bill's provisions shall be in effect until the earlier of (1) 30 days after the President certifies to Congress that Iran has ceased providing support for acts of international terrorism and is not a jurisdiction of primary money laundering concern, or (2) 10 years after this bill's enactment.

Written by the Congressional Research Service, Library of Congress.

Key votes

House final vote, Apr 15, 2024

On Motion to Suspend the Rules and Pass, as Amended

Passed 294–105

Yea 294two-thirds 266Nay 105

  • Democrats88 yea, 104 nay
  • Republicans205 yea, 1 nay
  • Independents1 yea, 0 nay

Broke with their party: Susan Wild (D-PA), Debbie Wasserman Schultz (D-FL), Gabriel (Gabe) Vasquez (D-NM), Shri Thanedar (D-MI), Ritchie Torres (D-NY), David Trone (D-MD), Lori Trahan (D-MA), Andrea Salinas (D-OR), Eric Sorensen (D-IL) and Emilia Sykes (D-OH) voted Yea; and 79 more

See how all 399 members voted

Showing 431 of 431 members

Yea 294

Republicans (205)

Democrats (88) broke with their party

Independents (1)

Nay 105

Republicans (1) broke with their party

Democrats (104)

Not voting 32

Senate

Not yet voted

Passed the House Apr 15, 2024. Awaiting Senate action.

Roll calls

1 vote on this bill

Showing 1 of 1 roll calls

  • Apr 15, 2024HouseOn Motion to Suspend the Rules and Pass, as AmendedFinal passagePassed, yea-nay 294–105
    Roll call 123 tally by party
    PartyYeaNayPresentNot voting
    Democrats88104021
    Republicans2051011
    Independents1000
    Total294105032

    House roll call 123: On Motion to Suspend the Rules and Pass, as Amended. Passed.

    89 crossed party lines: 88 Democrats, 1 Republican

    How each member voted (431)

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

30

Who scored on this bill

710 points earned
  1. 1Bill Huizenga R-MI SponsorIntroduced, reached a cosponsor milestone, reported, passed House4 events+56
  2. 2Alma Adams D-NC1 maverick vote1 event+6
  3. 2Colin Allred D-TX1 maverick vote1 event+6
  4. 2Sanford Bishop D-GA1 maverick vote1 event+6
  5. 2Lisa Blunt Rochester D-DE1 maverick vote1 event+6
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Bill Huizenga

History

  1. Apr 15, 2024Passed the House, 294–105.
  2. Oct 11, 2023Introduced in the House by Bill Huizenga.
Show the full action history (15 actions)
  1. Apr 16, 2024Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Apr 15, 2024Mr. McHenry moved to suspend the rules and pass the bill, as amended.
  3. Apr 15, 2024Considered under suspension of the rules. (consideration: CR H2376-2378)
  4. Apr 15, 2024DEBATE - The House proceeded with forty minutes of debate on H.R. 5921.
  5. Apr 15, 2024At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  6. Apr 15, 2024Considered as unfinished business. (consideration: CR H2384-2385)
  7. Apr 15, 2024Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 294 - 105 (Roll no. 123). (text: CR H2376)
  8. Apr 15, 2024On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 294 - 105 (Roll no. 123). (text: CR H2376)
  9. Apr 15, 2024Motion to reconsider laid on the table Agreed to without objection.
  10. Dec 19, 2023Reported (Amended) by the Committee on Financial Services. H. Rept. 118-332.
  11. Dec 19, 2023Placed on the Union Calendar, Calendar No. 271.
  12. Nov 14, 2023Committee Consideration and Mark-up Session Held
  13. Nov 14, 2023Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 34 - 12.
  14. Oct 25, 2023Referred to the House Committee on Financial Services.
  15. Oct 11, 2023Introduced in House