,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fbdc  ,,in ,,the ,,house ,,of  
,,representatives  ,march #ab1 #bjbj,mr4
 ,huizenga introduced the following     
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to prohibit the ,secretary of  
the ,treasury from authorizing financial
 services by ,united ,states financial  
institutions to the ,government of      
,iran1 and for other purposes4  #a4     
,short title ,this ,act may be cited as 
the ,block ,iranian ,access to ,u4,s4   
,banks ,act of #bjbj4  #b4 ,findings    
,the ,congress finds the following3 7#a7
 ,in #bjai1 the ,department of the      
,treasury concluded that ,iran is a     
jurisdiction of primary money laundering
 concern and imposed restrictions on    
correspondent accounts in the ,united   
,states involving ,iranian financial    
institutions4  7#b7 ,in ,june #bjai1 the
 ,financial ,action ,task ,force        
7,,fatf7 urged all jurisdictions to     
require increased supervisory           

examination for branches and            
subsidiaries of financial institutions  
based in ,iran4 ,the ,,fatf later called
 upon its members to introduce enhanced 
relevant reporting mechanisms or        
systematic reporting of financial       
transactions1 and require increased     
external audit requirements1 for        
financial groups with respect to any of 
their branches and subsidiaries located 
in ,iran4  7#c7 ,according to the ,state
 ,department's ,country ,reports on     
,terrorism in #bjah1 ,iran is the       
world's foremost state sponsor of       
terrorism4 ,the regime has spent nearly 
one billion dollars per year to support 
terrorist groups that serve as its      
proxies and expand its malign influence 
across the globe4 ,tehran has funded    
international terrorist groups such as  
,hizballah1 ,hamas1 and ,palestinian    
,islamic ,jihad4  #c4 ,sense of         
,congress ,it is the sense of the       
,congress that the deposits of ,united  
,states citizens held in ,united ,states

 financial institutions should not be   
used to finance the ,government of      
,iran4  #d4 ,prohibition on ,iranian    
access to ,united ,states financial     
institutions  7a7 ,prohibitions  7#a7   
,in general ,the ,secretary of the      
,treasury may not issue a license       
authorizing a ,united ,states financial 
institution to provide financial        
services1 directly or indirectly1 to the
 ,government of ,iran4  7#b7            
,definitions ,in this subsection3 7,a7  
,united ,states financial institution   
,the term ,united ,states financial     
institution has the meaning given the   
term ,u4,s4 financial institution under 
section #efa4cji of title #ca1 ,code of 
,federal ,regulations4  7,b7 ,government
 of ,iran ,the term ,government of ,iran
 has the meaning given that term under  
section #efj4cjd of title #ca1 ,code of 
,federal ,regulations4  7b7 ,waiver     
7#a7 ,in general ,the ,president may    
waive the requirements of subsection 7a7
 with respect to a license authorizing  

financial services after issuing a      
report reporting to the ,committee on   
,financial ,services of the ,house of   
,representatives and the ,committee on  
,banking1 ,housing1 and ,urban ,affairs 
of the ,senate stating that-- 7,a7 the  
financial services are required solely  
for the provision of medicines1 medical 
equipment1 agricultural commodities1 or 
humanitarian assistance benefitting the 
people of ,iran2 or  7,b7 the financial 
services are not provided in connection 
with a foreign person that engages in   
sanctionable activities4  7#b7 ,report  
,not later than #cj days after a report 
is submitted by the ,president under    
paragraph 7#a7 with respect to a        
license1 the ,secretary of the ,treasury
 shall transmit a copy of the license   
issued pursuant to the waiver to the    
,committee on ,financial ,services of   
the ,house of ,representatives and the  
,committee on ,banking1 ,housing1 and   
,urban ,affairs of the ,senate4  7c7    
,sunset ,the provisions of this ,act    

shall cease to have any force or effect 
on the earlier of-- 7#a7 the date that  
is #e years after the date of enactment 
of this ,act2 or  7#b7 the date that is 
#cj days after the ,secretary of the    
,treasury reports in writing to the     
,committee on ,financial ,services of   
the ,house of ,representatives and the  
,committee on ,banking1 ,housing1 and   
,urban ,affairs of the ,senate1 and     
makes such report publicly available1   
that--- 7,a7 ,iran is not a jurisdiction
 of primary money laundering concern2   
7,b7 ,iran has ceased providing support 
for acts of international terrorism2 or 
7,c7 terminating the provisions of this 
,act is necessary to permit the ,united 
,states to comply with a treaty ratified
 by the ,united ,states4