# 114-hr-5550: No Dollars for Ayatollahs Act

114-hr-5550, No Dollars for Ayatollahs Act, is a 114th Congress bill sponsored by Rep. Roskam, Peter J. [R-IL-6] (R-IL); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5550
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-5550
- Congress: 114
- Title: No Dollars for Ayatollahs Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-06-21
- Sponsor: Rep. Roskam, Peter J. [R-IL-6] (R-IL)
- Cosponsors: 8
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

No Dollars for Ayatollahs Act This bill amends the Internal Revenue Code to impose an excise tax on any U.S. person who clears or transfers more than $1 million U.S. dollars per year for the direct or indirect benefit of the government of Iran or any Iranian person. The tax is equal to 100% of the amount that is cleared or transferred. The tax also applies to transactions by certain related entities, including the clearing or transferring of U.S dollars by: (1) a foreign member of a U.S. person's worldwide affiliated group, or (2) a foreign person who is not a member of a U.S. person's worldwide affiliated group, but has a correspondent account or payable-through account for or with such a member or a U.S. person. The tax applies to transactions by a foreign person described above if the member or U.S. person for or with whom the account is maintained knew or had reason to know the dollars were being cleared or transferred.

## Cosponsors (8)

- Rep. Boustany, Charles W., Jr. [R-LA-3] (R-LA), 2016-06-21T00:00:00.000Z
- PATRICK TIBERI (R-OH), 2016-06-21T00:00:00.000Z
- Rep. Buchanan, Vern [R-FL-16] (R-FL), 2016-06-21T00:00:00.000Z
- SAM JOHNSON (R-TX), 2016-06-21T00:00:00.000Z
- Rep. Reichert, David G. [R-WA-8] (R-WA), 2016-06-21T00:00:00.000Z
- Sen. Young, Todd [R-IN] (R-IN), 2016-06-21T00:00:00.000Z
- Rep. Nunes, Devin [R-CA-22] (R-CA), 2016-06-21T00:00:00.000Z
- Rep. Black, Diane [R-TN-6] (R-TN), 2016-06-21T00:00:00.000Z

## Related bills

- 114-hr-5545: Preventing Investment in Terrorist Regimes Act
- 114-hr-3929: Office of Strategic Services Congressional Gold Medal Act
- 114-hr-3442: Debt Management and Fiscal Responsibility Act of 2015
- 114-hr-2510: To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.
- 114-hr-2400: SIGMA Act of 2015
- 114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015

## Sources
- [114-hr-5550 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5550)

## Related
- [114-hr-5545: Preventing Investment in Terrorist Regimes Act](https://policyrisk.com/legislation/114-hr-5545)
- [114-hr-3929: Office of Strategic Services Congressional Gold Medal Act](https://policyrisk.com/legislation/114-hr-3929)
- [114-hr-3442: Debt Management and Fiscal Responsibility Act of 2015](https://policyrisk.com/legislation/114-hr-3442)
- [114-hr-2510: To amend the Internal Revenue Code of 1986 to modify and make permanent bonus d…](https://policyrisk.com/legislation/114-hr-2510)
- [114-hr-2400: SIGMA Act of 2015](https://policyrisk.com/legislation/114-hr-2400)
- [114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015](https://policyrisk.com/legislation/114-hr-1190)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5550 (as of 2025-11-18).