[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 3138 Introduced in Senate (IS)]

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114th CONGRESS
  2d Session
                                S. 3138

 To prevent Iran from directly or indirectly receiving assistance from 
              the Export-Import Bank of the United States.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              July 7, 2016

     Mr. Rubio (for himself, Mr. Cotton, Mr. Cornyn, and Mr. Cruz) 
introduced the following bill; which was read twice and referred to the 
            Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
 To prevent Iran from directly or indirectly receiving assistance from 
              the Export-Import Bank of the United States.

    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 Financing for Iran Act''.

SEC. 2. PROHIBITION ON ASSISTANCE BENEFITTING 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 Assistance Benefitting Iran.--The Bank may 
not guarantee, insure, or extend (participate in the extension of) 
credit in connection with a transaction, with respect to which credit 
assistance from the Bank is first sought after the effective date of 
this paragraph, involving any entity that does business with, or 
provides credit or a guarantee to any other entity in connection with a 
transaction involving--
            ``(A) the Government of Iran, or an entity in which the 
        Government of Iran participates;
            ``(B) an entity that is created under Iran law; or
            ``(C) an operation in Iran.''.
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