To prohibit the Secretary of the Treasury from authorizing certain transactions by a United States financial institution in connection with Iran, to prevent the International Monetary Fund from providing financial assistance to Iran, to codify prohibitions on Export-Import Bank financing for the Government of Iran, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill significantly restricts US financial engagement with Iran by prohibiting the Treasury Secretary from authorizing US financial institution transactions with Iran (except humanitarian goods), requiring opposition to IMF assistance for Iran, and codifying the Export-Import Bank ban on Iran-related financing. The restrictions expire in 10 years or when Iran ceases terrorism support.
Who Benefits and How
Anti-Iran policy advocates and sanctions enforcement groups achieve stronger codification of existing restrictions. US national security interests benefit from reduced Iranian access to international finance. Competitors of Iranian businesses in global markets face less Iranian competition due to financial isolation. Humanitarian goods exporters retain exemption for agricultural commodities, food, medicine, and medical devices.
Who Bears the Burden and How
US financial institutions face compliance restrictions preventing most Iran-related transactions. Export-Import Bank is explicitly prohibited from financing Iran-connected transactions. Companies seeking to trade with Iran cannot access US government export financing. Iranian economy and civilians face continued financial isolation (though humanitarian goods exempted).
Key Provisions
- Prohibits Treasury from authorizing US bank transactions with Iran (except humanitarian goods)
- Requires US to oppose IMF financial assistance and Special Drawing Rights for Iran
- Codifies Export-Import Bank prohibition on financing for Government of Iran
- Includes 10-year sunset or termination upon Iran certification of ending terrorism support
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Prohibits US financial institutions from conducting most transactions with Iran, blocks IMF financial assistance to Iran, and codifies Export-Import Bank prohibition on financing for Iran
Key Policy Areas
International Finance, Economic Sanctions, Iran Policy, Trade
Primary Purpose
Prohibits US financial institutions from conducting most transactions with Iran, blocks IMF financial assistance to Iran, and codifies Export-Import Bank prohibition on financing for Iran
Policy Domains
No U.S. Financing for Iran Act of 2023
Identified Gains
Contextual inference, no direct clause citation- Anti-Iran sanctions advocates
- US national security establishment
- Competitors of Iranian businesses
- Humanitarian goods exporters (agriculture, medicine)
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- US financial institutions
- Export-Import Bank
- Companies seeking Iran trade
- Iranian economy
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
Passed HouseAdditional sponsors: Mr. Donalds, Mr. Smucker, Mr. Pfluger, Mr. Fry, …
Reported with an amendment, committed to the Committee of the …
Referred to the Committee on Financial Services
Passed House (inferred from eh version)
Mr. Huizenga (for himself, Mrs. Wagner, Mr. Meuser, Mr. Posey, …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Department of the Treasury, Export-Import Bank, Government of Iran
Positive-direction: President of the United States
Negative-direction: Department of the Treasury, Export-Import Bank, Government of Iran, Government of Iran and controlled entities, Iranian economy, US Executive Director at IMF
Companies trading with Iran, US exporters seeking Iran financing
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_bank"
- → Export-Import Bank
- "the_secretary"
- → Secretary of the Treasury
- "the_executive_director"
- → United States Executive Director at the International Monetary Fund
Key Definitions
Terms defined in this bill
As defined in section 561.309 of title 31, Code of Federal Regulations
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology