[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5715 Reported in House (RH)]

<DOC>





                                                 Union Calendar No. 642
114th CONGRESS
  2d Session
                                H. R. 5715

                          [Report No. 114-819]

To prohibit the Export-Import Bank of the United States from providing 
                   financing that would benefit Iran.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 11, 2016

Mr. Roskam (for himself and Mr. Sherman) introduced the following bill; 
       which was referred to the Committee on Financial Services

                           November 14, 2016

Additional sponsors: Mr. Pompeo, Mr. King of New York, Mr. Tiberi, Mr. 
 Holding, Mr. DesJarlais, Mr. Diaz-Balart, Mr. Kelly of Pennsylvania, 
                     Mr. Schweikert, and Mr. Zeldin

                           November 14, 2016

Reported with amendments, committed to the Committee of the Whole House 
          on the State of the Union, and ordered to be printed
  [Omit the part struck through and insert the part printed in italic]


_______________________________________________________________________

                                 A BILL


 
To prohibit the Export-Import Bank of the United States from providing 
                   financing that would benefit Iran.


 


    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``No Ex-Im Assistance for Terrorism 
Act''.

SEC. 2. PROHIBITION ON EXPORT-IMPORT BANK FINANCING THAT WOULD BENEFIT 
              IRAN.

    Section 2(b) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635(b)) is amended by adding at the end the following:
    ``(14) Prohibition on Financing That Would Benefit Iran.--
            ``(A) Direct financing.--The Bank shall not guarantee, 
        insure, or extend (or participate in an extension of) credit in 
        connection with any transaction with respect to which credit 
        assistance from the Bank is first sought after the effective 
        date of this paragraph by--
                    ``(i) the Government of Iran or an entity owned or 
                controlled by the Government of Iran; or
                    ``(ii) an entity created under Iranian law, or a 
                foreign subsidiary of such an entity.
            ``(B) Indirect financing.--The Bank shall not guarantee, 
        insure, or extend (or participate in an extension of) credit in 
        connection with any transaction with respect to which credit 
        assistance from the Bank is first sought after the effective 
        date of this paragraph involving--
                    ``(i) an entity for the purpose of a transaction 
                involving the Government of Iran or an entity referred 
                to in subparagraph (A); or
                    ``(ii) a non-United States entity that, in the 5-
                year period ending with the date of the enactment of 
                this paragraph, has leased or re-exported sold aircraft 
                to the Government of Iran or an entity referred to in 
                subparagraph (A) in contravention of United States law, 
                or a subsidiary or controlling parent of such a non-
                United States entity.
            ``(C) Cancellation of approved financing.--The Bank shall 
        cease the provision of financial assistance approved by the 
        Bank in connection with a transaction with respect to which 
        credit assistance from the Bank is first sought approved after 
        the effective date of this paragraph, on finding that the 
        assistance has facilitated the export or re-export export, 
        sale, or lease of an aircraft to Iran an entity referred to in 
        subparagraph (A), and shall seek immediate recovery of any 
        amount provided by the Bank in connection with the 
        transaction.''.
                                                 Union Calendar No. 642

114th CONGRESS

  2d Session

                               H. R. 5715

                          [Report No. 114-819]

_______________________________________________________________________

                                 A BILL

To prohibit the Export-Import Bank of the United States from providing 
                   financing that would benefit Iran.

_______________________________________________________________________

                           November 14, 2016

Reported with amendments, committed to the Committee of the Whole House 
          on the State of the Union, and ordered to be printed