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New Technology Export Rules for Iran: Restrictions for Businesses

This act introduces stricter rules for exporting U.S.-origin technology and software to Iran. Foreign-produced items incorporating U.S. technology will require special licenses for sale to Iran. The goal is to limit Iran's access to advanced technologies, potentially impacting global supply chains and the operations of some businesses.
Key points
A license will be required for the export, reexport, or in-country transfer of foreign-produced items containing U.S.-origin technology destined for Iran.
Exceptions to the license requirement include food, medicine, medical devices, and certain communication services and software.
The provisions will be in effect for 7 years from the enactment date, with a national interest waiver option for the Secretary of Commerce.
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VOTING RESULTS
2024-04-16
96%
For 406
Against 19
Abstain 0
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Additional Information
Print number: 118_HR_6603
Sponsor: Rep. Moran, Nathaniel [R-TX-1]
Process start date: 2023-12-05
Voting date: 2024-04-16
Meeting no: 2
Voting no: 130