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Prohibiting U.S. and IMF Financing for Iran

This new law aims to restrict financial support for Iran from U.S. institutions and the International Monetary Fund. It means U.S. banks will be prohibited from authorizing most commercial transactions with Iran, with exceptions for humanitarian aid. Additionally, the United States will oppose financial assistance to Iran from the IMF.
Key points
U.S. financial institutions are prohibited from facilitating trade with Iran, except for agricultural commodities, food, medicine, medical devices, and humanitarian aid.
The U.S. will oppose financial assistance to Iran from the International Monetary Fund.
The Export-Import Bank is prohibited from financing transactions involving the Government of Iran or entities it controls.
These provisions will remain in effect until the U.S. President certifies Iran has ceased supporting terrorism and money laundering, or for 10 years.
article Official text account_balance Process page
VOTING RESULTS
2024-04-15
74%
For 294
Against 105
Abstain 0
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_5921
Sponsor: Rep. Huizenga, Bill [R-MI-4]
Process start date: 2023-10-25
Voting date: 2024-04-15
Meeting no: 2
Voting no: 123
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No U.S. Financing for Iran Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5921.

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 2023-10-25.

What are the main provisions?

Key points include:

  • U.S. financial institutions are prohibited from facilitating trade with Iran, except for agricultural commodities, food, medicine, medical devices, and humanitarian aid.
  • The U.S. will oppose financial assistance to Iran from the International Monetary Fund.
  • The Export-Import Bank is prohibited from financing transactions involving the Government of Iran or entities it controls.
  • These provisions will remain in effect until the U.S. President certifies Iran has ceased supporting terrorism and money laundering, or for 10 years.
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

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Huizenga, Bill [R-MI-4].

What is the latest detailed status?

The latest detailed status is: 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)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Security