HR 6015 United States House · 118th Congress

Iran Sanctions Accountability Act of 2023

This bill requires the President to issue regulations within 180 days to block U.S. financial transactions that support Iran's sanctioned entities, terrorism, or weapons of mass destruction proliferation. It mandates annual reports to Congress evaluating these regulations' effectiveness. The bill also directs the U.S. to oppose World Bank financial aid to Iran's government, though this provision expires after 7 years or if Iran stops supporting terrorism. It directly affects U.S. financial institutions, businesses, and entities engaging in transactions with Iran, ensuring compliance with existing sanctions.
Bill status passed 3 of 5 stages cleared
Introduction
Oct 2023
Committee Review
Apr 2024
House Passage
Apr 2024
Senate Passage
President
Introduced Oct 20, 2023 Last action Apr 17, 2024
Maddy AI version diff · 1 comparison

What changed between versions

Introduced in House Engrossed in House · 4 edits · Apr 16, 2024
MODERATE
The engrossed version removes the IEEPA-related prohibition from the list of facilitation categories, limits the presidential reporting requirement from annual and indefinite to biennial for only 6 years, and adds a new sunset trigger tied to the Secretary of the Treasury's determination that Iran is no longer a primary money laundering concern. These changes narrow the scope of the sanctions framework and create an additional pathway for the section to expire.
SCOPE

Removed the prohibition on facilitating 'the purchase of goods or services involving a person designated for the imposition of sanctions pursuant to the International Emergency Economic Powers Act (IEEPA)' from both the regulatory requirement and the rule of construction. The list of prohibited facilitation activities now covers only terrorism support and WMD proliferation.

Added a new sunset trigger: the section expires 30 days after the Secretary of the Treasury reports to Congress that reasonable grounds do not exist for concluding Iran is a jurisdiction of primary money laundering concern. This provides an additional path for expiration beyond the existing 7-year limit and terrorism cessation finding.

TIMELINE

Changed the presidential reporting requirement from annual reports indefinitely ('each year thereafter') to biennial reports for a limited period ('every 2 years thereafter for 6 years'), significantly reducing the ongoing oversight obligation.

TECHNICAL

Changed statutory citations from bare U.S. Code references (e.g., 'section 8803(e) of title 22') to original NDAA section numbers with U.S. Code references in parentheses (e.g., 'section 1244(e) of the National Defense Authorization Act for Fiscal Year 2013 (22 U.S.C. 8803(e))'), improving traceability to the source legislation.

Floor votes · House Apr 16, 2024

How they voted

40813
Passed · 10 other
Total votes 431
Apr 16, 2024
D Democratic213
195 Yea 12 Nay 6
91% Yea
I Independent1
1 Yea
100% Yea
R Republican217
212 Yea 1 Nay 4
97% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
14
Key actions
3
Committee
4
Amendments
3
Apr 17, 2024
Committee
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
upper
Apr 16, 2024
Introduced
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 408 - 13 (Roll no. 127). (text: 4/15/2024 CR H2380)
lower
Apr 16, 2024
Lower · Passed
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 408 - 13 (Roll no. 127). (text: 4/15/2024 CR H2380)
lower
Apr 15, 2024
Introduced
Mr. McHenry moved to suspend the rules and pass the bill, as amended.
lower
Apr 15, 2024
Lower · Passed
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-460, Part I.
lower
Nov 14, 2023
Introduced
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 50 - 0.
lower
Nov 14, 2023
Lower · Passed
Committee Consideration and Mark-up Session Held
lower
Oct 25, 2023
Committee
Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Oversight and Accountability, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
lower
Oct 20, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Blaine Luetkemeyer
Blaine Luetkemeyer
RRepublican
MO
3