This bill would deny Iran access to financial transactions conducted in U.S. dollars by codifying existing regulations on transactions involving Iranian persons or the Iranian government. The restrictions would stay in effect until the president can certify that Iran has ceased supporting international terrorism and stopped developing nuclear, biological, and chemical weapons, as well as ballistic missile technology.
This measure passed in the House on the 1-year anniversary of the 7/14/15 nuclear deal. Three days earlier, the Obama administration threatened to veto it on the grounds that they would obstruct the U.S. from implementing its obligations under the deal.
14 cosponsors (14R).
See also: H.R. 4995 of 4/19/16 and S. 2725 of 3/17/16.
Last major action: 7/14/16 passed in House by yea/nay vote, 246–181.