3.0.0 4179 2019-11-15T21:34:32Z 2019-11-15T21:34:32Z House H HR 2012-03-08 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SHERMAN:H.R. 4179.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H1305]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2012-04-26T14:53:00Z hsba20 Financial Institutions and Monetary Policy Subcommittee Referred to 2012-04-26T14:52:45Z Referred to 2012-03-08T15:01:15Z hsju00 Judiciary Committee House Standing hsju01 Immigration Integrity, Security, and Enforcement Subcommittee Referred to 2012-03-15T17:10:10Z Referred to 2012-03-08T15:01:20Z hsgo00 Oversight and Accountability Committee House Standing Referred to 2012-03-08T15:01:25Z hsfa00 Foreign Affairs Committee House Standing Referred to 2012-03-08T15:01:10Z 2012-04-26 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2012-04-26 hsba20 Financial Institutions and Monetary Policy Subcommittee 1 House committee actions Referred to the Subcommittee on International Monetary Policy and Trade. Committee 2012-03-15 hsju01 Immigration Integrity, Security, and Enforcement Subcommittee 1 House committee actions Referred to the Subcommittee on Immigration Policy and Enforcement. Committee 2012-03-08 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, the Judiciary, and Oversight and Government Reform, 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 hsgo00 Oversight and Accountability Committee 2012-03-08 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, the Judiciary, and Oversight and Government Reform, 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 hsju00 Judiciary Committee 2012-03-08 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, the Judiciary, and Oversight and Government Reform, 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 2012-03-08 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, the Judiciary, and Oversight and Government Reform, 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 2012-03-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-03-08 Introduced in House IntroReferral 1000 9 Library of Congress S000344 Rep. Sherman, Brad [D-CA-27] BRAD SHERMAN D CA 27 N R000435 Rep. Ros-Lehtinen, Ileana [R-FL-18] ILEANA ROS-LEHTINEN R FL 18 2012-03-08 True International Affairs Arms control and nonproliferation Business records Congressional oversight Corporate finance and management Credit and credit markets Financial services and investments Foreign and international banking Government information and archives Government lending and loan guarantees Insurance industry and regulation International monetary system and foreign exchange Iran Middle East Nuclear weapons Public contracts and procurement Sanctions Terrorism Trade restrictions Visas and passports International Affairs 00 2012-03-08 Introduced in House 2012-04-04T14:43:50Z Iran Financial Sanctions Improvement Act of 2012 - Directs the Comptroller General to submit to Congress a list of all known entities that provide services to, or facilitate service access for, the Central Bank of Iran or any Iranian financial institution.

Directs the Secretary of the Treasury to report to Congress on efforts to ensure that the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Clearstream, and other similar entities have terminated the provision of services to, and the facilitation of service access for, the Central Bank of Iran and other Iranian financial institutions.

Authorizes the President to impose specified sanctions on an entity that has not terminated any such relationship.

Amends the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to require each foreign financial institution that maintains a U.S. correspondent account or a payable-through account to report to the Secretary of the Treasury regarding any financial dealings with an Iranian financial institution during the preceding 180 days. Directs the Secretary to make such reports public.

Amends the National Defense Authorization Act for Fiscal Year 2012 to include as a sanctionable activity the maintenance of funds or accounts for, or on behalf of, the Central Bank of Iran or another Iranian financial institution.

Applies specified sanctions with respect to a foreign financial institution owned or controlled by the government of a foreign country (including a central bank of a foreign country) to the same extent and in the same manner as such sanctions apply to other foreign financial institutions.

Directs the President to impose specified sanctions against a person that knowingly provided underwriting services or reinsurance: (1) for any activity regarding Iran for which sanctions have been imposed, or (2) to or for any person on which sanctions have been imposed for engaging in an activity with respect to Iran or any person designated for the imposition of sanctions in connection with Iran's proliferation of weapons of mass destruction or support for international terrorism.

Includes among such sanctions export and procurement sanctions, and visa, property, banking, loan, and foreign exchange prohibitions.

]]> Iran Financial Sanctions Improvement Act of 2012 Short Titles as Introduced Iran Financial Sanctions Improvement Act of 2012 Display Title Iran Financial Sanctions Improvement Act of 2012 Official Title as Introduced To strengthen the multilateral sanctions regime with respect to Iran, to expand sanctions relating to the energy sector of Iran, the proliferation of weapons of mass destruction by Iran, and human rights abuses in Iran, and for other purposes. Introduced in House 2012-03-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr4179ih/xml/BILLS-112hr4179ih.xml 2012-04-26 Referred to the Subcommittee on Financial Institutions and Consumer Credit. 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.