To impose restrictions on correspondent and payable-through accounts in the United States with respect to Chinese financial institutions that conduct transactions involving the purchase of petroleum or petroleum products from Iran.
Iran-China Energy Sanctions Act of 2023
This bill requires the President to periodically determine whether any Chinese financial institution has engaged in the purchase of petroleum or petroleum products from Iran. U.S. financial institutions shall not open or maintain certain accounts with such Chinese financial institutions.
Pursuant to the provisions of H. Res. 1160, H.R. 8038 is laid on the table.
Became Public Law No: 118-50.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 47 - 0.
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-333.
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-333.
Placed on the Union Calendar, Calendar No. 272.
Mr. McHenry moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H2374-2376)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5923.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
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Considered as unfinished business. (consideration: CR H2383-2384)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 383 - 11 (Roll no. 122). (text: CR H2374)
Roll Call #122 (House)On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 383 - 11 (Roll no. 122). (text: CR H2374)
Roll Call #122 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.