US Congress Senate Bill 892 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 20-12)
Status: Introduced on May 8 2013 - 25% progression, died in chamber
Action: 2013-05-21 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 113-42.
Text: Latest bill text (Introduced) [PDF]

Iran Sanctions Loophole Elimination Act of 2013 - Amends the Iran Threat Reduction and Syria Human Rights Act of 2012 to direct the President to prohibit the opening, and prohibit or impose strict conditions on the maintaining, in the United States of a correspondent account or a payable-through account by a foreign financial institution that is a person described in this Act. Describes such person as a person that on or after May 9, 2013, knowingly: (1) conducted or facilitated a significant transaction involving the currency of a country other than the country in which the person is operating with, for, or on behalf of the Central Bank of Iran or another Iranian financial institution designated by the Secretary of the Treasury for the imposition of sanctions, or a person that is involved in the energy, shipping, and shipbuilding sectors of Iran; or (2) transferred funds for, or held funds on behalf of, a person described in the previous paragraph in relation to a transaction without regard to the currency of such funds. Authorizes the President to impose sanctions pursuant to the International Emergency Economic Powers Act with respect to any other person. Authorizes the President to waive the provisions of this Act with respect to a person for up to 180 days (and authorizes renewal of such waiver for additional periods of up to 180 days) for reasons of U.S. national security. Requires congressional notification at least seven days prior to a waiver or waiver renewal.

Iran Sanctions Loophole Elimination Act of 2013

Sen. Mark Kirk [R-IL]	Sen. Kelly Ayotte [R-NH]	Sen. Mark Begich [D-AK]	Sen. John Boozman [R-AR]
Sen. Maria Cantwell [D-WA]	Sen. Saxby Chambliss [R-GA]	Sen. Susan Collins [R-ME]	Sen. Christopher Coons [D-DE]
Sen. John Cornyn [R-TX]	Sen. Ted Cruz [R-TX]	Sen. Deb Fischer [R-NE]	Sen. Kirsten Gillibrand [D-NY]
Sen. Chuck Grassley [R-IA]	Sen. Orrin Hatch [R-UT]	Sen. Dean Heller [R-NV]	Sen. John Hoeven [R-ND]
Sen. Mike Johanns [R-NE]	Sen. Joe Manchin [D-WV]	Sen. Jeff Merkley [D-OR]	Sen. Jerry Moran [R-KS]
Sen. Lisa Murkowski [R-AK]	Sen. Bill Nelson [D-FL]	Sen. Rob Portman [R-OH]	Sen. Pat Roberts [R-KS]
Sen. Marco Rubio [R-FL]	Sen. Brian Schatz [D-HI]	Sen. Charles Schumer [D-NY]	Sen. Jeff Sessions [R-AL]
Sen. Pat Toomey [R-PA]	Sen. Mark Warner [D-VA]	Sen. Sheldon Whitehouse [D-RI]	Sen. Ron Wyden [D-OR]

Date	Chamber	Action
2013-05-21	Senate	Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 113-42.
2013-05-08	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/892/all-info
Text	https://www.congress.gov/113/bills/s892/BILLS-113s892is.pdf