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Bill114th CongressFiled Jul 12, 2016Finance and Financial Sector
H.R. 5729

Stop U.S. Support for State Sponsors of Terrorism Act

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What it doesSummary reported to house amended, part i (Dec 12, 2016)

Stop U.S. Support for State Sponsors of Terrorism Act

(Sec. 2) 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.

(Sec. 3) 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 or aircraft spare parts to Iran by a non-U.S. manufacturer, and whether any such involvement is with respect to such aircraft or spare parts comprising 10% or more U.S. content; 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.

(Sec. 4) The Export-Import Bank shall report annually to Congress on the use of Bank assistance for such transactions.

What just happenedDec 12, 2016

Reported (Amended) by the Committee on Financial Services. H. Rept. 114-866, Part I.

Who’s behind it

Rep. Pittenger, Robert [R-NC-9](R-NC)Sponsor
Read on Congress.gov
2committees10actions2related bills9subjects
  1. Dec 12, 2016CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 114-866, Part I.

    Financial Services Committee
  2. Dec 12, 2016Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 114-866, Part I.

    Financial Services Committee
  3. Jul 13, 2016Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 21.

    Financial Services Committee
  4. Jul 13, 2016Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  5. Jul 12, 2016IntroReferralH11100

    Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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.

    Financial Services Committee
  6. Jul 12, 2016IntroReferralH11100-A

    Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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.

  7. Jul 12, 2016IntroReferralH11100

    Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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.

    Foreign Affairs Committee
  8. Jul 12, 2016IntroReferralIntro-H

    Introduced in House

  9. Jul 12, 2016IntroReferral1000

    Introduced in House

  10. Jul 7, 2016Committee

    Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Introduction and Referral.

    Financial Institutions and Monetary Policy Subcommittee
Reported to House amended, Part IDec 12, 201618

Stop U.S. Support for State Sponsors of Terrorism Act

(Sec. 2) 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.

(Sec. 3) 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 or aircraft spare parts to Iran by a non-U.S. manufacturer, and whether any such involvement is with respect to such aircraft or spare parts comprising 10% or more U.S. content; 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.

(Sec. 4) The Export-Import Bank shall report annually to Congress on the use of Bank assistance for such transactions.

Introduced in HouseJul 12, 2016

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 or aircraft spare parts to Iran by a non-U.S. manufacturer, and whether any such involvement is with respect to such aircraft or spare parts comprising 10% or more U.S. content; 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.

The Export-Import Bank shall report annually to Congress on the use of Bank assistance for such transactions.

Stop U.S. Support for State Sponsors of Terrorism Act — Informed