3.0.0 3508 2019-11-15T20:54:31Z 2019-11-15T20:54:31Z House H HR 2011-11-22 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FLAKE:H.R. 3508.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, grants Congress the power to regulatecommerce with foreign nations.____________________[Page H7898]]]> hsba00 Financial Services Committee House Standing hsba20 Financial Institutions and Monetary Policy Subcommittee Referred to 2012-01-12T19:52:15Z Referred to 2011-11-22T15:01:15Z hsfa00 Foreign Affairs Committee House Standing Referred to 2011-11-22T15:01:10Z To require the President to impose sanctions on foreign financial institutions that conduct transactions with the Central Bank of Iran if the President determines that the Central Bank of Iran has engaged in certain transactions relating to the proliferation of chemical, biological, or nuclear weapons or support for acts of international terrorism. 112 3439 HR 2012-02-03 Referred to the Subcommittee on Terrorism, Nonproliferation, and Trade. Related bill CRS 2012-01-12 hsba20 Financial Institutions and Monetary Policy Subcommittee 1 House committee actions Referred to the Subcommittee on International Monetary Policy and Trade. Committee 2011-11-22 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-11-22 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2011-11-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-11-22 Introduced in House IntroReferral 1000 9 Library of Congress F000444 Rep. Flake, Jeff [R-AZ-6] JEFF FLAKE R AZ 6 N M000485 Rep. McIntyre, Mike [D-NC-7] MIKE MCINTYRE D NC 7 2011-11-22 True S001183 Rep. Schweikert, David [R-AZ-5] David Schweikert R AZ 5 2011-12-02 False International Affairs Arms control and nonproliferation Congressional oversight Foreign and international banking Iran Middle East Nuclear weapons Oil and gas Sanctions Terrorism Trade restrictions International Affairs 00 2011-11-22 Introduced in House 2012-01-10T17:28:38Z Amends the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to direct the President to: (1) prohibit the opening or maintaining in the United States of a correspondent or payable-through account by a foreign financial institution that has knowingly conducted any financial transaction with the Central Bank of Iran; and (2) freeze and prohibit all property and property interest transactions of such institution if the property and property interests are in the United States, come within the United States, or come within the possession or control of a U.S. person.

Prohibits such sanctions' imposition if the transaction was for the sale of food, medicine, or medical devices to Iran.

Applies such provisions to: (1) financial transactions begun on or after the date of the enactment of this Act, and (2) financial transactions for petroleum or petroleum product purchases through the Bank begun 180 days or more after the date of the enactment of this Act.

Authorizes the President to waive such sanctions for reasons of national security.

]]> To require the President to impose sanctions on foreign financial institutions that conduct transactions with the Central Bank of Iran. Display Title To require the President to impose sanctions on foreign financial institutions that conduct transactions with the Central Bank of Iran. Official Title as Introduced To require the President to impose sanctions on foreign financial institutions that conduct transactions with the Central Bank of Iran. Introduced in House 2011-11-22T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3508ih/xml/BILLS-112hr3508ih.xml 2012-01-12 Referred to the Subcommittee on International Monetary Policy and Trade. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.