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To prohibit the importation of crude oil from Iran.
12/29/2022, 10:03 PM
Summary of Bill HR 7129
Bill 117 hr 7129, also known as the "Iran Crude Oil Import Prohibition Act," aims to prevent the importation of crude oil from Iran into the United States. The bill was introduced in the House of Representatives and is currently under consideration by Congress.
If passed, this legislation would prohibit any individual or entity from importing crude oil from Iran, with the goal of putting pressure on the Iranian government and discouraging their support for terrorism and nuclear proliferation. The bill includes provisions for enforcement and penalties for violations, as well as exemptions for certain circumstances, such as national security interests.
Supporters of the bill argue that cutting off the importation of Iranian crude oil would weaken the Iranian government and limit their ability to fund activities that threaten US interests. Critics, however, raise concerns about the potential impact on global oil markets and the possibility of unintended consequences. Overall, the Iran Crude Oil Import Prohibition Act is a significant piece of legislation that addresses US foreign policy towards Iran and has the potential to have far-reaching implications for both countries.
If passed, this legislation would prohibit any individual or entity from importing crude oil from Iran, with the goal of putting pressure on the Iranian government and discouraging their support for terrorism and nuclear proliferation. The bill includes provisions for enforcement and penalties for violations, as well as exemptions for certain circumstances, such as national security interests.
Supporters of the bill argue that cutting off the importation of Iranian crude oil would weaken the Iranian government and limit their ability to fund activities that threaten US interests. Critics, however, raise concerns about the potential impact on global oil markets and the possibility of unintended consequences. Overall, the Iran Crude Oil Import Prohibition Act is a significant piece of legislation that addresses US foreign policy towards Iran and has the potential to have far-reaching implications for both countries.
Congressional Summary of HR 7129
This bill prohibits the importation of crude oil from Iran.
Read the Full Bill
Current Status of Bill HR 7129
Bill HR 7129 is currently in the status of Bill Introduced since March 17, 2022. Bill HR 7129 was introduced during Congress 117 and was introduced to the House on March 17, 2022. Bill HR 7129's most recent activity was Referred to the House Committee on Ways and Means. as of March 17, 2022
Bipartisan Support of Bill HR 7129
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 7129
Primary Policy Focus
Foreign Trade and International FinanceAlternate Title(s) of Bill HR 7129
To prohibit the importation of crude oil from Iran.
To prohibit the importation of crude oil from Iran.
Comments
Sponsors and Cosponsors of HR 7129
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