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S.892: Iran Sanctions Loophole Elimination Act of 2013

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about international affairs
You can read the bill
Sponsor Mark Steven Kirk, R-Ill.
Total Cosponsors 31 (12 Democrats, 19 Republicans)
Introduced May 8, 2013
Latest Major Action May 21, 2013
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Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

Iran Sanctions Loophole Elimination Act of 2013 - Amends the Iran Threat Reduction and Syria Human Rights Act of 2012 to direct the President to prohibit the opening, and prohibit or impose strict conditions on the maintaining, in the United States of a correspondent account or a payable-through account by a foreign financial institution that is a person described in this Act.

Describes such person as a person that on or after May 9, 2013, knowingly: (1) conducted or facilitated a significant transaction involving the currency of a country other than the country in which the person is operating with, for, or on behalf of the Central Bank of Iran or another Iranian financial institution designated by the Secretary of the Treasury for the imposition of sanctions, or a person that is involved in the energy, shipping, and shipbuilding sectors of Iran; or (2) transferred funds for, or held funds on behalf of, a person described in the previous paragraph in relation to a transac...

(Source: Congressional Research Service)

Bill Actions

Date Description
May 21, 2013 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 113-42.
May 8, 2013 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.