3.0.0 1950 2023-01-11T13:49:57Z 2023-01-11T13:49:57Z Senate S 2021-05-27 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2021-05-27T23:27:18Z 2021-05-27 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2021-05-27 Introduced in Senate IntroReferral 10000 9 Library of Congress L000575 Sen. Lankford, James [R-OK] James Lankford R OK N C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2021-05-27 True S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2021-05-27 True International Affairs Congressional oversight Foreign and international banking Foreign property Fraud offenses and financial crimes Gaza Strip Human rights International law and treaties Internet and video services Internet, web applications, social media Iran Iraq Latin America Lebanon Middle East News media and reporting Nuclear weapons Oil and gas Protest and dissent Religion Sanctions Syria Terrorism Trade restrictions Venezuela War and emergency powers Women's rights Yemen International Affairs 00 2021-05-27 Introduced in Senate 2021-12-01T18:33:53Z Iran Sanctions Preservation Act

This bill restricts the authority of the President to waive U.S. sanctions on Iran.

Specifically, the bill repeals the President's authority to waive sanctions on the purchase of Iranian petroleum or petroleum products or license otherwise sanctionable conduct concerning such purchases.

Furthermore, the President may not remove any Iranian person (including a financial institution) from a list of persons, organizations, and entities that have U.S. sanctions levied against them without certifying to Congress that the person has not engaged in particular conduct, such as supporting terrorism or Iran's nuclear weapons program. In addition, the bill prohibits the removal of the Central Bank of Iran from this list unless there is a Senate-approved treaty between the United States and Iran that addresses Iran's nuclear proliferation, ballistic missile program, and support for terrorism.

The President must also maintain Iran's designation as a jurisdiction of money laundering concern until certifying to Congress that Iran is not engaged in illicit financial activities, nuclear proliferation activities, or ballistic missile development.

The provisions of this bill terminate on the date the Senate approves a treaty between the United States and Iran that addresses Iran's nuclear proliferation, ballistic missile program, and support for terrorism.

]]> Iran Sanctions Preservation Act Display Title Iran Sanctions Preservation Act Official Title as Introduced A bill to impose strict conditions on the lifting of sanctions imposed with respect to the Islamic Republic of Iran. Introduced in Senate IS Short Title(s) as Introduced Iran Sanctions Preservation Act Introduced in Senate IS Introduced in Senate 2021-05-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s1950is/xml/BILLS-117s1950is.xml 2021-05-27 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.