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SHIP Act: New Sanctions on Iranian Petroleum Trade

This act introduces new sanctions against individuals and entities that facilitate Iran's petroleum exports. The goal is to limit Iran's funding for activities deemed destabilizing. US citizens are not directly affected, but the act may influence global oil markets and international relations.
Key points
Blocking of property and visa ineligibility for those supporting Iranian oil exports.
Sanctions apply to ports, vessels, refineries, and individuals transporting or trading Iranian petroleum.
The U.S. President can waive sanctions if vital to national interests or if the entity ceases illicit activities.
The act mandates regular reports on Iranian petroleum exports, including to China.
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83%
VOTING RESULTS
2023-11-03
For 342
Against 69
Abstain 0
Full voting results open_in_new
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Status:
Expired
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Additional Information
Print number: 118_HR_3774
Sponsor: Rep. Lawler, Michael [R-NY-17]
Process start date: 2023-05-31
Voting date: 2023-11-03
Meeting no: 1
Voting no: 598