Iran-China Energy Sanctions Act of 2023

Hozzl · 2024-05-03T14:06:03Z

Explore the details of House Bill 5923 Iran-China Energy Sanctions Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on International Affairs. Stay informed on legislative developments.

5/3/2024, 2:06 PM

Congressional Summary of HR 5923

Iran-China Energy Sanctions Act of 2023

This bill requires the President to periodically determine whether any Chinese financial institution has engaged in the purchase of petroleum or petroleum products from Iran. U.S. financial institutions shall not open or maintain certain accounts with such Chinese financial institutions.

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Current Status of Bill HR 5923

Bill HR 5923 is currently in the status of Bill Introduced since October 11, 2023. Bill HR 5923 was introduced during Congress 118 and was introduced to the House on October 11, 2023. Bill HR 5923's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of April 16, 2024

Bipartisan Support of Bill HR 5923

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5923

Primary Policy Focus

International Affairs

Potential Impact Areas

AsiaChinaCongressional oversightForeign propertyIranMiddle EastOil and gasSanctions

Alternate Title(s) of Bill HR 5923

Iran-China Energy Sanctions Act of 2023Iran-China Energy Sanctions Act of 2023To impose restrictions on correspondent and payable-through accounts in the United States with respect to Chinese financial institutions that conduct transactions involving the purchase of petroleum or petroleum products from Iran.Iran-China Energy Sanctions Act of 2023Iran-China Energy Sanctions Act of 2023

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