Stop Evasion of Iran Sanctions Act of 2021

2021-02-02

Introduced in House

Stop Evasion of Iran Sanctions Act of 2021

This bill allows the Department of the Treasury to subject a financial institution to operating restrictions and reporting requirements if the institution is connected with the Instrument in Support of Trade Exchanges (INSTEX). INSTEX is an entity designed to facilitate trade between Iran and non-U.S. countries and was created in response to the renewal of certain U.S. sanctions against Iran.

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