[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5716 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 5716

To prohibit the Secretary of the Treasury from issuing certain licenses 
 in connection with the export or re-export of a commercial passenger 
 aircraft to the Islamic Republic of Iran, to require the Secretary of 
  the Treasury to issue an annual report on the status of, and risks 
related to, U.S. financial institutions involved with the sale or lease 
    of such a commercial passenger aircraft, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 11, 2016

Mr. Pittenger introduced the following bill; which was referred to the 
   Committee on Foreign Affairs, and in addition to the Committee on 
 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

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                                 A BILL


 
To prohibit the Secretary of the Treasury from issuing certain licenses 
 in connection with the export or re-export of a commercial passenger 
 aircraft to the Islamic Republic of Iran, to require the Secretary of 
  the Treasury to issue an annual report on the status of, and risks 
related to, U.S. financial institutions involved with the sale or lease 
    of such a commercial passenger aircraft, and for other purposes.

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

SECTION 1. EXPORT PROHIBITION.

    The Secretary of the Treasury may not issue a license for the 
export or re-export of a commercial passenger aircraft to the Islamic 
Republic of Iran.

SEC. 2. TREASURY REPORT ON FINANCING.

    The Secretary of the Treasury shall issue an annual report to the 
Committee on Financial Services of the House of Representatives and the 
Committee on Banking, Housing, and Urban Affairs of the Senate--
            (1) stating whether any U.S. financial institution is 
        involved with the sale or lease of commercial passenger 
        aircraft to the Islamic Republic of Iran by a non-U.S. 
        manufacturer; and
            (2) containing a description of the risks related to 
        repayment, money laundering, and the financing of terrorism 
        faced by U.S. financial institutions if they were to be 
        involved in the sale or lease of a commercial passenger 
        aircraft to the Islamic Republic of Iran.
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