This bill would bar the president from lifting sanctions on financial institutions listed in the P5+1–Iran nuclear deal unless it was certified to Congress that the institution in question had not knowingly facilitated transactions on behalf of Iran’s Revolutionary Guards, designated terrorist organizations, or any person under sanctions in connection with Iran’s nuclear development and that it no longer engages in illicit or deceptive transactions. The bill would also institute other minor congressional oversight procedures related to the 7/14 deal and sanctions relief.
62 cosponsors (62R).
See also: H. Res. 454 of 10/1/15.
Last major action: 2/3/2016 Referred to the Senate Comm. on Banking, Housing, and Urban Affairs.