arrow_back Explore the Feed

Strengthening Iran Sanctions: New Rules for Financial Institutions.

This act allows the U.S. government to impose special measures on domestic financial institutions that deal with foreign entities helping Iran evade sanctions. This aims to restrict Iran's access to financial resources, indirectly impacting international security and economic stability, but it does not directly affect the daily lives of U.S. citizens.
Key points
The U.S. government can require American banks and financial institutions to take special actions if they deal with foreign entities that help Iran evade sanctions.
The goal is to prevent the financing of Iranian activities that are contrary to U.S. policy, especially concerning nuclear weapons.
These provisions will be in effect for 7 years, unless the U.S. President decides to terminate them earlier, deeming it beneficial for national interests.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_733
Sponsor: Rep. Steil, Bryan [R-WI-1]
Process start date: 2021-02-02
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Stop Evasion of Iran Sanctions Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_733.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-02.

What are the main provisions?

Key points include:

  • The U.S. government can require American banks and financial institutions to take special actions if they deal with foreign entities that help Iran evade sanctions.
  • The goal is to prevent the financing of Iranian activities that are contrary to U.S. policy, especially concerning nuclear weapons.
  • These provisions will be in effect for 7 years, unless the U.S. President decides to terminate them earlier, deeming it beneficial for national interests.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Steil, Bryan [R-WI-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Security