3.0.0 5431 2023-01-11T13:25:38Z 2023-01-11T13:25:38Z House H HR 2014-09-10 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FITZPATRICK:H.R. 5431.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3Article I, Section 8, Clause 18[Page H7433]]]> hsba00 Financial Services Committee House Standing Referred to 2014-09-10T14:00:39Z hsgo00 Oversight and Accountability Committee House Standing Referred to 2014-09-10T14:00:34Z hsfa00 Foreign Affairs Committee House Standing Referred to 2014-09-10T14:00:29Z 2014-09-10 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Government Reform, and 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 2014-09-10 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Government Reform, and 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 hsgo00 Oversight and Accountability Committee 2014-09-10 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Government Reform, and 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 2014-09-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-09-10 Introduced in House IntroReferral 1000 9 Library of Congress F000451 Rep. Fitzpatrick, Michael G. [R-PA-8] Michael Fitzpatrick R PA G. 8 N T000467 Rep. Thompson, Glenn [R-PA-5] Glenn Thompson R PA 5 2014-09-16 False M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2014-09-16 False S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 2014-09-16 False R000598 Rep. Rothfus, Keith J. [R-PA-12] Keith Rothfus R PA J. 12 2014-09-16 False D000619 Rep. Davis, Rodney [R-IL-13] Rodney Davis R IL 13 2014-09-16 False R000587 Rep. Ribble, Reid J. [R-WI-8] Reid Ribble R WI J. 8 2014-09-17 False D000620 Rep. Delaney, John K. [D-MD-6] John Delaney D MD K. 6 2014-09-17 False International Affairs Bank accounts, deposits, capital Congressional oversight Currency Foreign and international banking Fraud offenses and financial crimes Iraq Middle East Sanctions Syria Terrorism Trade restrictions War and emergency powers International Affairs 00 2014-09-10 Introduced in House 2014-09-16T18:32:41Z
  • facilitates a transaction for the Islamic State of Iraq and Syria (ISIS);
  • facilitates a transaction of a person designated for acting on behalf of or at the direction of, or owned or controlled by, ISIS;
  • engages in money laundering to carry out such an activity;
  • facilitates a transaction or provides financial services to carry out such an activity; or
  • facilitates such an activity, conspires to facilitate or participate in such an activity, or is owned or controlled by a foreign financial institution that knowingly engages in such an activity.

    • Applies specified penalties under the International Emergency Economic Powers Act for violations of this Act.

    Authorizes the Secretary to waive the application of a prohibition for up to 180 days (with renewable 180-day waivers) if in U.S. national security interests, and with congressional notification.

    Directs the Secretary to identify to Congress every 180 days each foreign central bank that carries out a prohibited activity.

    Directs the President to transmit to Congress a list of, and impose specified sanctions against, any person who knowingly engages in a transaction with a foreign person that transfers or receives, or facilitates the transfer or receipt of, any goods or services to or from ISIS.

    States that the President shall not be required to include a person on this list if: (1) that person is no longer engaging in or has taken significant steps toward stopping sanctioned activities, and (2) the President has received reliable assurances that such person will not knowingly engage in any new sanctioned activity.

    States that nothing in this Act shall apply to authorized U.S. intelligence activities.

    ]]>         Isolating ISIS Act Display Title Isolating ISIS Act Official Title as Introduced To impose sanctions on foreign financial institutions that engage in certain transactions with the Islamic State of Iraq and Syria, and for other purposes. Introduced in House IH Short Titles as Introduced Isolating ISIS Act Introduced in House 2014-09-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5431ih/xml/BILLS-113hr5431ih.xml 2014-09-10 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Government Reform, and 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.     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.