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119-hr-8220119th Congress

NOPE Act

Sponsored By: Representative Latimer, George [D-NY-16]

Introduced

Summary

Blocks Iran's oil trade and sanctions its oil-sector actors. This bill would nullify the Iran-related General License U and stop Treasury from authorizing transactions that facilitate sales or delivery of Iran-origin crude and petroleum products. It would also require detailed, recurring reporting on the effects of Strait of Hormuz disruptions on Iranian oil trade and revenues.

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  • Iranian oil and maritime actors: Persons involved in oil and gas extraction, refining, or maritime transport of petroleum products would be subject to automatic sanctions within 30 days, including asset blocking under IEEPA and visa bans plus immediate visa revocation.
  • Executive branch and enforcement: The President would use International Emergency Economic Powers Act authorities to implement sanctions and penalties while the Treasury is barred from issuing licenses that enable Iran-origin oil transactions.
  • Oversight and humanitarian carve-outs: The Secretary of State must report to four congressional committees within 30 days and then every 60 days for 3 years on export volumes, prices, revenues including any premium from Hormuz closure, and production as of April 2026. Exceptions cover humanitarian goods and complying with international obligations.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Bans on Iranian oil and visas

If enacted, the bill would cancel Treasury's General License U that allowed certain Iran-origin oil loaded by March 20, 2026. The bill would require the President to impose blocking sanctions within 30 days on any Iranian person doing oil extraction, refining, or maritime transport. It would authorize asset blocks on U.S. property of designated persons and make those people inadmissible, with immediate visa revocations; the immigration rule takes effect within 30 days. Humanitarian transactions and admissions needed to meet international obligations would be exempt. This would disrupt firms that handled Iran-origin oil and could indirectly raise fuel and energy costs for U.S. households.

Sponsors & CoSponsors

Sponsor

Latimer, George [D-NY-16]

NY • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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