,i #aagth ,,congress #b;d ,session ,h4 ,r4 #gdjb ,,in ,,the ,,house ,,of ,,representatives ,april #e1 #bjbb,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 certain transactions by a ,united ,states financial institution in connection with ,iran1 to prevent the ,international ,monetary ,fund from providing financial assistance to ,iran1 to codify prohibitions on ,export-,import ,bank financing for the ,government of ,iran1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,no ,u4,s4 ,financing for ,iran ,act of #bjbb4 #b4 ,findings ,the ,congress finds as follows3 7#a7 ,in an ,april #bjaf forum at the ,council on ,foreign ,relations1 then-,secretary of the ,treasury ,jacob ,lew stated that1 under the ,joint ,comprehensive ,plan of ,action 7,,jcpoa71 the ,united ,states committed to lifting its nuclear sanctions1 but the ,u4,s4 financial system is not open to ,iran1 and that is not something that is going to change4 7#b7 ,in ,september #bjaf1 however1 the ,department of the ,treasury's ,office of ,foreign ,assets ,control 7,,ofac7 issued licenses authorizing ,united ,states financial institutions to engage in all transactions necessary to provide financing or other financial services in order to effectuate the sale of aircraft to flagship state-owned carrier ,iran ,air4 ,the ,department had sanctioned ,iran ,air in #bjaa for its use of commercial passenger aircraft to transport rockets1 missiles1 and other military cargo on behalf of the ,islamic ,revolutionary ,guard ,corps 7,,irgc7 and ,iran's ,ministry of ,defense and ,armed ,forces ,logistics1 both of which had been sanctioned under ,executive ,order ,no4 #acchb for weapons proliferation-related activities4 ,in ,october #bjag1 the ,,irgc went on to be designated under ,executive ,order ,no4 #acbbd for its support of the ,,irgc-,qods ,force1 which has provided support to terrorist groups such as ,hizballah1 ,hamas1 and the ,taliban4 ,iran ,air had also delivered missile or rocket components to the ,assad government in ,syria1 which like ,iran is classified as a state sponsor of terrorism4 7#c7 ,iran remains classified by the ,department of the ,treasury as a jurisdiction of primary money laundering concern4 ,in #bjai1 the ,financial ,crimes ,enforcement ,network 7,fin,c,e,n7 issued a final rule to prohibit the opening or maintaining of correspondent accounts in the ,united ,states for1 or on behalf of1 ,iranian financial institutions1 and the use of foreign financial institutions' correspondent accounts at covered ,u4,s4 financial institutions to process transactions involving ,iranian financial institutions4 ,this measure1 according to ,fin,c,e,n1 was related to important ,united ,states policy goals1 namely to deny the ,iranian regime resources to support terrorism1 develop nuclear weapons and_/or the proliferation of weapons of mass destruction1 advance its ballistic missile program1 oppress the ,iranian people1 and fuel conflicts in ,syria1 ,afghanistan1 ,yemen and elsewhere4 ,at the time this measure was imposed1 ,fin,c,e,n stated that it will further protect the ,u4,s4 financial system from ,iran by ensuring that ,u4,s4 financial institutions are not exposed to ,iran's ongoing illicit finance activities1 including its support for international terrorism4 7#d7 ,in ,february #bjbj1 the ,financial ,action ,task ,force 7,,fatf7 determined that ,iran had not completed its action plan to address strategic deficiencies in countering money laundering1 terrorist financing1 and weapons proliferation4 ,the ,,fatf therefore returned ,iran to its black list and renewed its call for countries to apply countermeasures against ,iran in order to protect the international financial system4 #c4 ,prohibition on authorizations for ,united ,states financial institutions ,the ,secretary of the ,treasury may not authorize a transaction by a ,u4,s4 financial institution 7as defined under section #efa4cji of title #ca1 ,code of ,federal ,regulations7 in connection with the importation from or exportation to the ,islamic ,republic of ,iran of any goods1 services1 or technology1 other than the sale of agricultural commodities1 food1 medicine1 or medical devices benefitting the civilian population of ,iran4 #d4 ,opposition to ,international ,monetary ,fund assistance ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at the ,international ,monetary ,fund to-- 7#a7 oppose the provision of financial assistance by the ,fund to the ,islamic ,republic of ,iran1 and the allocation to the ,government of ,iran of ,special ,drawing ,rights2 and 7#b7 seek to ensure that member countries of the ,fund prohibit the exchange of ,special ,drawing ,rights held by the ,government of ,iran4 #e4 ,codification of ,export-,import ,bank prohibition with respect to ,iran ,section #b7;b7 of the ,export-,import ,bank ,act of #aide 7#ab ,u4,s4,c4 #fce7;b77 is amended by adding at the end the following3 7#ad7 ,prohibition on financing for ,iran ,the ,bank may not guarantee1 insure1 or extend 7or participate in an extension of7 credit in connection with any transaction1 with respect to which credit assistance from the ,bank is first sought after the effective date of this paragraph1 for which a lender or obligor is the ,government of ,iran or an entity owned or controlled by the ,government of ,iran4 4 #f4 ,sunset ,this ,act and the amendment made by this ,act are hereby repealed effective on the earliest of-- 7#a7 the date that is #cj days after the date the ,president of the ,united ,states certifies to the ,congress that the ,government of ,iran-- 7,a7 has ceased providing support for acts of international terrorism2 and 7,b7 is not a jurisdiction of primary money laundering concern1 as described under section #ecah;,a of title #ca1 ,united ,states ,code2 7#b7 the date that is #cj days after the date that the ,secretary of the ,treasury reports to the ,congress that terminating the provisions of this ,act is necessary to permit the ,united ,states to comply with a treaty ratified by the ,united ,states2 or 7#c7 #aj years after the date of the enactment of this ,act4