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Block Iranian Access to U.S. Banks Act of 2020
2/8/2022, 11:17 PM
Congressional Summary of HR 6243
Block Iranian Access to U.S. Banks Act of 2020
This bill temporarily prohibits the Department of the Treasury from authorizing a U.S. financial institution to provide financial services, directly or indirectly, to Iran.
The President may waive this prohibition after issuing a report that such financial services are (1) required solely for the provision of medicines, medical equipment, agricultural commodities or humanitarian assistance benefitting the people of Iran; or (2) not provided in connection with a foreign person that engages in sanctionable activities.
Read the Full Bill
Current Status of Bill HR 6243
Bill HR 6243 is currently in the status of Bill Introduced since March 12, 2020. Bill HR 6243 was introduced during Congress 116 and was introduced to the House on March 12, 2020. Bill HR 6243's most recent activity was Referred to the House Committee on Financial Services. as of March 12, 2020
Bipartisan Support of Bill HR 6243
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 6243
Primary Policy Focus
International AffairsPotential Impact Areas
- Bank accounts, deposits, capital
- Congressional oversight
- Financial services and investments
- Foreign and international banking
- Fraud offenses and financial crimes
- Iran
- Licensing and registrations
- Middle East
- Terrorism
Alternate Title(s) of Bill HR 6243
Block Iranian Access to U.S. Banks Act of 2020
To prohibit the Secretary of the Treasury from authorizing financial services by United States financial institutions to the Government of Iran, and for other purposes.
Block Iranian Access to U.S. Banks Act of 2020
Comments
Sponsors and Cosponsors of HR 6243
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