PRIA Logo™
114-hr-3662114th Congress

Iran Terror Finance Transparency Act

Sponsored By: Representative Russell, Steve [R-OK-5]

Unknown

Summary

Iran Terror Finance Transparency Act This bill prohibits the President from removing certain foreign financial institutions, including an Iranian financial institution, from the list of designated nationals and blocked persons maintained by the Office of Foreign Asset Control of the Treasury until the President makes two certifications to Congress, the first of which is that the institution has not knowingly facilitated a significant transaction or transactions or provided significant financial services for or on behalf of: Iran's Revolutionary Guard Corps or any of its agents or affiliates whose property or property interests are blocked pursuant to the International Emergency Economic Powers Act (IEEPA), a foreign terrorist organization for or on behalf of a person whose property or property interests have been blocked pursuant to Executive Order 13224, and a person whose property or property interests are blocked pursuant to the IEEPA in connection with Iran's proliferation of weapons of mass destruction. The second certification shall be that the institution no longer knowingly engages in illicit or deceptive financial transactions or other activities. The President may not remove specified foreign persons from the list of designated nationals and blocked persons maintained by the Office of Foreign Asset Control until the President certifies to Congress that the person has not knowingly: assisted in or provided financial, material, or technological support for terrorism or a terrorist organization; and engaged in significant activities or transactions that have materially contributed to Iran's proliferation of weapons of mass destruction or their means of delivery. The President may not remove Iran's designation as a jurisdiction of primary money laundering concern unless the President certifies to Congress that Iran is no longer engaged in support for terrorism, pursuit of weapons of mass destruction, and any illicit and deceptive financial activities. Certain agency rule making regarding Iran is subjected to congressional review requirements. The Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 is amended to prohibit or impose strict conditions on the opening or maintaining in the United States of a correspondent account or a payable-through account by a foreign financial institution that facilitates Iran's support for Hezbollah, Hamas, the Palestinian Islamic Jihad, and any affiliates or successors.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Russell, Steve [R-OK-5]

OK • R

Cosponsors

  • Rep. Graves, Garret [R-LA-6]

    LA • R

    Sponsored 10/1/2015

  • Rep. Jenkins, Lynn [R-KS-2]

    KS • R

    Sponsored 10/1/2015

  • Rep. Messer, Luke [R-IN-6]

    IN • R

    Sponsored 10/1/2015

  • Rep. Loudermilk, Barry [R-GA-11]

    GA • R

    Sponsored 10/1/2015

  • Rep. Abraham, Ralph Lee [R-LA-5]

    LA • R

    Sponsored 11/30/2015

  • Rep. Wilson, Joe [R-SC-2]

    SC • R

    Sponsored 11/30/2015

  • Rep. Bost, Mike [R-IL-12]

    IL • R

    Sponsored 12/16/2015

  • Rep. Brat, Dave [R-VA-7]

    VA • R

    Sponsored 10/1/2015

  • Rep. Westerman, Bruce [R-AR-4]

    AR • R

    Sponsored 10/1/2015

  • Rep. Black, Diane [R-TN-6]

    TN • R

    Sponsored 10/1/2015

  • Rep. Hurd, Will [R-TX-23]

    TX • R

    Sponsored 10/1/2015

  • Rep. Rouzer, David [R-NC-7]

    NC • R

    Sponsored 10/1/2015

  • Rep. Meehan, Patrick [R-PA-7]

    PA • R

    Sponsored 10/1/2015

  • Rep. Yoho, Ted S. [R-FL-3]

    FL • R

    Sponsored 10/1/2015

  • Rep. Brooks, Susan W. [R-IN-5]

    IN • R

    Sponsored 10/1/2015

  • Rep. Graves, Sam [R-MO-6]

    MO • R

    Sponsored 10/1/2015

  • Rep. Hardy, Cresent [R-NV-4]

    NV • R

    Sponsored 10/1/2015

  • Rep. Hice, Jody B. [R-GA-10]

    GA • R

    Sponsored 10/1/2015

  • Rep. Burgess, Michael C. [R-TX-26]

    TX • R

    Sponsored 10/1/2015

  • Rep. Fitzpatrick, Michael G. [R-PA-8]

    PA • R

    Sponsored 10/1/2015

  • Rep. DesJarlais, Scott [R-TN-4]

    TN • R

    Sponsored 10/1/2015

  • Rep. DeSantis, Ron [R-FL-6]

    FL • R

    Sponsored 10/1/2015

  • Rep. Gibbs, Bob [R-OH-7]

    OH • R

    Sponsored 10/1/2015

  • Rep. Curbelo, Carlos [R-FL-26]

    FL • R

    Sponsored 11/30/2015

  • Rep. Gibson, Christopher P. [R-NY-19]

    NY • R

    Sponsored 12/11/2015

  • Rep. Palmer, Gary J. [R-AL-6]

    AL • R

    Sponsored 12/16/2015

  • Rep. Hartzler, Vicky [R-MO-4]

    MO • R

    Sponsored 12/16/2015

  • Rep. Allen, Rick W. [R-GA-12]

    GA • R

    Sponsored 12/16/2015

  • Rep. Bishop, Mike [R-MI-8]

    MI • R

    Sponsored 12/16/2015

  • Rep. Bucshon, Larry [R-IN-8]

    IN • R

    Sponsored 12/16/2015

  • Rep. Nunes, Devin [R-CA-22]

    CA • R

    Sponsored 12/16/2015

  • Rep. Walorski, Jackie [R-IN-2]

    IN • R

    Sponsored 1/6/2016

  • Rep. Perry, Scott [R-PA-10]

    PA • R

    Sponsored 1/6/2016

  • Rep. Meadows, Mark [R-NC-11]

    NC • R

    Sponsored 1/6/2016

  • Rep. Zinke, Ryan K. [R-MT-1]

    MT • R

    Sponsored 1/6/2016

  • Rep. Gosar, Paul A. [R-AZ-9]

    AZ • R

    Sponsored 1/6/2016

  • Rep. Sessions, Pete [R-TX-17]

    TX • R

    Sponsored 1/6/2016

  • Rep. Womack, Steve [R-AR-3]

    AR • R

    Sponsored 1/6/2016

  • Rep. Lucas, Frank D. [R-OK-3]

    OK • R

    Sponsored 1/6/2016

  • ROBERT GOODLATTE

    VA • R

    Sponsored 1/6/2016

  • Rep. Barletta, Lou [R-PA-11]

    PA • R

    Sponsored 1/6/2016

  • Rep. McSally, Martha [R-AZ-2]

    AZ • R

    Sponsored 1/6/2016

  • Rep. McMorris Rodgers, Cathy [R-WA-5]

    WA • R

    Sponsored 1/6/2016

  • Rep. Stefanik, Elise M. [R-NY-21]

    NY • R

    Sponsored 1/6/2016

  • Rep. Posey, Bill [R-FL-8]

    FL • R

    Sponsored 1/6/2016

  • Rep. Lance, Leonard [R-NJ-7]

    NJ • R

    Sponsored 1/6/2016

  • Rep. Johnson, Bill [R-OH-6]

    OH • R

    Sponsored 1/6/2016

  • Rep. LaMalfa, Doug [R-CA-1]

    CA • R

    Sponsored 1/6/2016

  • Rep. Roskam, Peter J. [R-IL-6]

    IL • R

    Sponsored 1/6/2016

  • Sen. Blackburn, Marsha [R-TN]

    TN • R

    Sponsored 1/6/2016

  • Sen. Cramer, Kevin [R-ND]

    ND • R

    Sponsored 1/6/2016

  • Rep. Dold, Robert J. [R-IL-10]

    IL • R

    Sponsored 1/6/2016

  • Rep. Chaffetz, Jason [R-UT-3]

    UT • R

    Sponsored 1/6/2016

  • Rep. Carter, Earl L. "Buddy" [R-GA-1]

    GA • R

    Sponsored 1/6/2016

  • Rep. Cook, Paul [R-CA-8]

    CA • R

    Sponsored 1/6/2016

  • Rep. Byrne, Bradley [R-AL-1]

    AL • R

    Sponsored 1/6/2016

  • Rep. Flores, Bill [R-TX-17]

    TX • R

    Sponsored 1/7/2016

  • Rep. Pearce, Stevan [R-NM-2]

    NM • R

    Sponsored 1/7/2016

  • Rep. Newhouse, Dan [R-WA-4]

    WA • R

    Sponsored 1/7/2016

  • Rep. Jenkins, Evan H. [R-WV-3]

    WV • R

    Sponsored 1/7/2016

  • Rep. Thompson, Glenn [R-PA-15]

    PA • R

    Sponsored 1/7/2016

  • Rep. Pompeo, Mike [R-KS-4]

    KS • R

    Sponsored 1/7/2016

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation