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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.
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74%
VOTING RESULTS
2024-04-15
For 294
Against 105
Abstain 0
Full voting results open_in_new
gavel
Status:
Expired
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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
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Security