Markup of H.R. 5921; H.R. 5923; H.R. 6245; H.R. 6323; H.R. 6322; H.R. 5945... (EventID=116577)

Video Description

Connect with the House Financial Services Committee Get the latest news: https://democrats-financialservices.house.gov/ Follow us on Facebook: https://www.facebook.com/HouseFinancialCmte Follow us on Twitter: https://twitter.com/FSCDems ___________________________________ The full Committee will convene to mark up the following measures, in an order to be determined by the Chairman at 10:00 am E.T. on Tuesday, November 14, 2023, and subsequent days if necessary, in room 2128 of the Rayburn House Office Building. ___________________________________ Legislation: • H.R. 5921, the "No U.S. Financing for Iran Act of 2023." (Mr. Huizenga) • H.R. 5923, the "Iran-China Energy Sanctions Act of 2023." (Mr. Lawler) • H.R. 6245, the "Holding Iranian Leaders Accountable Act." (Mr. Hill) • H.R. 6323, the "Iran Counterterrorism Act of 2023." (Ms. Kim) • H.R. 6322, the "End Financing to Hamas and State Sponsors of Terrorism Act." (Mr. Steil) • H.R. 5945, the "Freezing-HAMAS Act." (Mr. Meuser) • H.R. 6000, the "Revoke Iranian Funding Act of 2023." (Mr. Nunn) • H.R. 6015, the "Iran Sanctions Accountability Act of 2023." (Mr. Luetkemeyer) • H.R. 6367, the "Armed Conflict Migration Act of 2023." (Mr. Cleaver) • H.R. 6370, the "OFAC Licensure for Investigators Act." (Ms. Beatty) • H.R. 6365, the "Stopping Illicit Oil Shipments Act of 2023." (Ms. Waters) *** 1. H.R. 5921, the No U.S. Financing for Iran Act of 2023 (Huizenga) H.R. 5921, the No U.S. Financing for Iran Act of 2023, was introduced on October 11, 2023, by Rep. Bill Huizenga (R-MI). H.R. 5921 has 29 cosponsors, including 13 Committee members. This bill was attached to the October 25, 2023, hearing titled “How America and Its Allies Can Stop Hamas, Hezbollah, and Iran from Evading Sanctions and Financing Terror.” H.R. 5921 would prohibit the Secretary of the Treasury from issuing any licenses authorizing a U.S. financial institution to engage in transactions for trade with Iran, other than food, medicine, or medical devices benefitting Iranian civilians. The legislation also requires the Secretary to oppose International Monetary Fund (IMF) assistance to Iran, and to ensure that IMF member companies do not exchange Special Drawing Rights held by Iran. H.R. 5921 further prohibits the Export-Import Bank from providing assistance involving the Iranian government, or an entity owned or controlled by the government. 2. H.R. 5923, the Iran-China Energy Sanctions Act of 2023 (Lawler) H.R. 5923, the Iran-China Energy Sanctions Act of 2023, was introduced on October 11, 2023, by Rep. Michael Lawler (R-NY). H.R. 5923 has five cosponsors, including Rep. Josh Gottheimer (D-NJ), Rep. Barry Loudermilk (R-GA), Rep. Byron Donalds (R-FL), Rep. Scott Fitzgerald (R-WI), and Rep. Bill Huizenga (R-MI). This bill was attached to the October 25, 2023, hearing titled “How America and Its Allies Can Stop Hamas, Hezbollah, and Iran from Evading Sanctions and Financing Terror.” H.R. 5923 would expand secondary sanctions involving Iran to cover all transactions between Chinese financial institutions and sanctioned Iranian banks that transact for the purchase of petroleum and petroleum products. The bill would also require an annual determination as to whether Chinese financial institutions have engaged in sanctionable conduct. 3. H.R. 6245, the Holding Iranian Leaders Accountable Act (Hill) H.R. 6245, the Holding Iranian Leaders Accountable Act, was introduced on November 6, 2023, by Rep. French Hill (R-AR). Rep. Juan Vargas (D-CA) is an original cosponsor. This bill was attached to the October 25, 2023, hearing titled “How America and Its Allies Can Stop Hamas, Hezbollah, and Iran from Evading Sanctions and Financing Terror.” H.R. 6245 requires the President to report on the assets of certain Iranian government officials and terrorist leaders while also providing for the publication of those assets. This legislation further requires the Secretary of the Treasury to seek the closure of U.S. and foreign financial institution accounts connected with the assets. 4. H.R. 6323, the Iran Counterterrorism Act of 2023 (Kim) H.R. 6323, the Iran Counterterrorism Act of 2023, was introduced on November 9, 2023, by Rep. Young Kim (R-CA). This bill was attached to the October 25, 2023, hearing titled “How America and Its Allies Can Stop Hamas, Hezbollah, and Iran from Evading Sanctions and Financing Terror.” H.R. 6323 requires Iran to have ceased support for acts of international terrorism as a condition for the President to waive secondary sanctions imposed with respect to the country. This bill also provides for a congressional review process for national security interest waivers of these sanctions. 5. H.R. 6322, the End Financing to Hamas and State Sponsors of Terrorism Act of 2023 (Steil) H.R. 6322, the End Financing to Hamas Act of 2023, was.... ___________________________________ Markup page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=410963