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- S.2757
S.2757: Iran Financial System Access Limitation Act of 2016
About This Bill
- Introduced April 6, 2016
- Latest Major Action April 6, 2016
Bill Sponsor
Bill Summary
Iran Financial System Access Limitation Act of 2016 This bill expresses the sense of Congress that Congress must act to preempt any move to grant licenses resulting in Iran's access to the U.S. dollar. The President may not issue a license to an offshore dollar-clearing entity to conduct a transaction in U.S. dollars with an Iranian financial institution. A U.S. person may not process (in a U-turn transaction) any transfer of funds to or...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| April 6, 2016 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| April 6, 2016 |
Introduced in the Senate by Dan Sullivan (R-Alaska) |