H.R.5711: No U.S. Financing for Iran Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Motion to reconsider laid on the table Agreed to without objection.

Considered as unfinished business. (consideration: CR H6288-6289)

The Chair announced that the unfinished business and pursuant to a previous order of the House, the question was on adoption of a motion to recommit with instructions, which had been debated earlier and on which further proceedings had been postponed.

POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit with instructions, the Chair put the question on adopting the motion and by voice vote, announced that the nays had prevailed. Mr. Swalwell (CA) demanded the yeas and nays, and pursuant to a previous order of the House, the Chair postponed further proceedings on the motion to recommit with instructions until a time to be announced.

DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add a section to prohibit the Secretary of the Treasury from authorizing a transaction described under section 101 by a U.S. financial institution if such institution is engaged in business with a foreign entity that has been found to have engaged in or authorized cyber attacks targeting any election held in the United States.

Mr. Swalwell (CA) moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H6264; text: CR H6264)

DEBATE - Pursuant to the provisions of H.Res. 921, the House proceeded with 10 minutes of debate on the Huizenga (MI) amendment.

DEBATE - The House proceeded with one hour of debate on H.R. 5711.

The rule provides for one hour of general debate on H.R. 5711 and H.R. 5982.

Considered under the provisions of rule H. Res. 921. (consideration: CR H6255-6265; text of measure as reported in House: CR H6255-6256)

ORDER OF PROCEDURE - Mr. Huizenga (MI) asked unanimous consent that the question of adopting a motion to recommit on H.R. 5711 be subject to postponement as though under Clause 8 of Rule 20. Agreed to without objection.

Rules Committee Resolution H. Res. 921 Reported to House. The rule provides for one hour of general debate on H.R. 5711 and H.R. 5982.

Placed on the Union Calendar, Calendar No. 634.

Reported (Amended) by the Committee on Financial Services. H. Rept. 114-810.

Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 21.

Committee Consideration and Mark-up Session Held.

Referred to the House Committee on Financial Services.

Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Introduction and Referral.