Bill Details
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Official Title
To prohibit the Secretary of the Treasury from issuing certain licenses in connection with the export or re-export of a commercial passenger aircraft to the Islamic Republic of Iran, to require annual reports by the Secretary of the Treasury and the Export-Import Bank on financing issues related to the sale or lease of such a commercial passenger aircraft or spare parts for such an aircraft, and for other purposes.
Summary
This bill prohibits the Department of the Treasury from issuing a license for the export or re-export of commercial passenger aircraft to the Islamic Republic of Iran.
Treasury shall submit an annual report to Congress:
stating whether any U.S. financial institution is involved with the sale or lease of commercial passenger aircraft or aircraft spare parts to Iran by a non-U.S. manufacturer, and whether any such involvement is with respect to such aircraft or spare parts comprising 10% or more U.S. content; and containing a description of the risks related to repayment, money laundering, and the financing of terrorism faced by U.S. financial institutions that are involved in such transactions. The Export-Import Bank shall report annually to Congress on the use of Bank assistance for such transactions.
bill Progress
- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
- house Committees
Committee on Financial ServicesCommittee on Foreign AffairsNational Security, International Development and Monetary PolicyIntroducedJuly 12th, 2016
Economy