United States Financial System Protection Act of 2016
Legislative Progress
Momentum (last 30 days)
0
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
80pct
86d open
vs 6,526 other HR bills in the 114th — cohort avg 56d
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) United States Financial System Protection Act of 2016 (Sec. 3) This bill applies to transfers of funds to or from Iran, or for the direct or indirect benefit of an Iranian person or the government of Iran, for a specified period only, the existing authorization for U.S. depository institutions and registered brokers or dealers in securities to process such a funds transfer if the transfer arises from, and is ordinarily incident and necessary to give effect to, an underlying transaction that has been authorized by a specific or general license and does not involve debiting or crediting an Iranian account. The period of application shall be from on or after January 1, 2016, until the President certifies to the appropriate congressional committees that the government of Iran has ceased: supporting acts of international terrorism; and developing nuclear, biological, and chemical weapons and ballistic missiles and ballistic missile launch technology (and has dismantled existing ones). The requirements of this bill shall also apply to foreign financial institutions and registered brokers or dealers in securities if the funds to be transferred are denominated in U.S. dollars. The President may not, except for certain humanitarian purposes, issue any license under the International Emergency Economic Powers Act or take other action that permits a domestic or foreign depository institution or registered broker or dealer in securities to conduct an offshore U.S. dollar clearing system, or supply U.S. dollars for any such system conducted or overseen by a foreign government or financial institution, for transactions (including funds transfers) involving or for the benefit of the government of Iran or an Iranian person. (Sec. 4) The President may not rescind a preliminary draft rule or final rule authorizing designation of Iran as a jurisdiction of primary money laundering concern without first certifying to Congress that the government of Iran is no longer engaged in support for terrorism, pursuit of weapons of mass destruction, and any illicit and deceptive financial activities.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (3)
2016 · fourth_quarter · Foreign Relations
HR 4514, S. 2531 Combating BDS Act S. 1682, Iran Sanctions Relief Oversight Act H.R. 5119, No 2H2O from Iran Act H.R. 4992: United States Financial System Protection Act H.R. 6297 Iran Sanctions Extension Act H.R. 3414 Taylor Force Act H.R. 6298, S. 3465 Protecting Israel Against Economic Discrimination Act
Client expense: $20,000 · Firm income: Not reported
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Motion to reconsider laid on the table Agreed to without objection.
On passage Passed by the Yeas and Nays: 246 - 181 (Roll no. 478). (text: CR H4957-4958)
HousePassed/agreed to in House: On passage Passed by the Yeas and Nays: 246 - 181 (Roll no. 478).(text: CR H4957-4958)
HouseConsidered as unfinished business. (consideration: CR H4973)
POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 4992, the Chair put the question on passage of the bill and by voice vote announced that the ayes had prevailed. Mr. Royce demanded the yeas and nays, and the Chair postponed further proceedings on passage of the bill until later in the legislative day.
The previous question was ordered pursuant to the rule. (consideration: CR H4957)
DEBATE - The House proceeded with one hour of debate on H.R. 4992.
Rule provides for consideration of H.R. 4992, H.R. 5119 and H.R. 5631 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments.
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Foreign Relations
HR 4514, S. 2531 Combating BDS Act S. 1682, Iran Sanctions Relief Oversight Act H.R. 5119, No 2H2O from Iran Act H.R. 4992: United States Financial System Protection Act H.R. 3414 Taylor Force Act
Client expense: $20,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Foreign Relations
H.J.Res. 90, To provide limitations on the transfer of certain United States munitions from the United States to Saudi Arabia, all provisions H.R. 4992, U.S. Financial System Protection Act of 2016, all provisions H.R. 5119, No 2H20 From Iran Act, all provisions H.R. 5461, Iranian Leadership Asset Transparency Act, all provisions H.R. 5631, Iran Accountability Act of 2016, all provisions H.R. 5732, Caesar Syria Civilian Protection Act, all provisions H.Res. 412, Providing for consideration of the resolution (H Res. 411) finding that the President has not complied with section 2 of the Iran Nuclear Agreement Review Act of 2015; providing for consideration of the bill (H.R. 3461) to approve the Joint Comprehensive Plan of Action, signed at Vienna on July 14, 2015, relating to the nuclear program of Iran; and providing for consideration of the bill (H.R. 3460) to suspend until January 21, 2017, the authority of the President to waive, suspend, reduce, provide relief from, or otherwise limit the application of sanctions pursuant to an agreement related to the nuclear program of Iran, all provisions H.Res.819, Providing for consideration of the bill (H.R. 4992) to codify regulations relating to transfers of funds involving Iran, and for other purposes; providing for consideration of the bill (H.R. 5119) to prohibit the obligation or expenditure of funds available to any Federal department or agency for any fiscal year to purchase or issue a license for the purchase of heavy water produced in Iran; and providing for consideration of the bill (H.R. 5631) to hold Iran accountable for its state sponsorship of terrorism and other threatening activities and for its human rights abuses, and for other purposes, all provisions S. 2452, A bill to prohibit the use of funds to make payments to Iran relating to the settlement of claims brought before the Iran-United States Claims Tribunal until Iran has paid certain compensatory damages awarded to United States persons by United States courts, all provisions. S. 2551, Genocide and Atrocities Prevention Act of 2016, all provisions S.J.Res. 32, A joint resolution to provide limitations on the transfer of certain United States munitions from the United States to Saudi Arabia, all provisions S.J. Res. 39, A joint resolution relating to the disapproval of the proposed foreign military sale to the Government of the Kingdom of Saudi Arabia of M1A1/A2 Abrams Tank structures and other major defense equipment, all provisions Unnumbered Senate bill, Humanitarian Assistance and Peacebuilding Protection Act, all provisions
Client expense: $560,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), White House Office
2016 · second_quarter · Foreign Relations
HR 4514, S. 2531 Combating BDS Act S. 1682, Iran Sanctions Relief Oversight Act H.R. 5119, No 2H2O from Iran Act H.R. 4992: United States Financial System Protection Act
Client expense: $20,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Foreign Relations
H.J.Res. 30, Comprehensive Solution to ISIL Resolution, all provisions H.J.Res. 90, To provide limitations on the transfer of certain United States munitions from the United States to Saudi Arabia, all provisions H.R. 3741, Commission to Verify Iranian Nuclear Compliance Act, all provisions H.R. 4992, U.S. Financial System Protection Act of 2016, all provisions H.R. 5119, No 2H20 From Iran Act, all provisions H.R. 5631, Iran Accountability Act of 2016, all provisions H.Res. 567, Expressing opposition to the European Commission interpretive notice regarding labeling Israeli products and goods manufactured in the West Bank and other areas, as such actions undermine efforts to achieve a negotiated Israeli-Palestinian peace process, all provisions H.Res. 686, Expressing support for efforts to enhance Israeli security and create the conditions for progress toward a negotiated two-state solution to the Israeli-Palestinian conflict, all provisions S. 2119, Iran Policy Oversight Act of 2015, all provisions S. 2551, Genocide and Atrocities Prevention Act of 2016, all provisions S. 2752, Preventing Iran's Access to United States Dollars Act of 2016, all provisions S.J.Res. 32, A joint resolution to provide limitations on the transfer of certain United States munitions from the United States to Saudi Arabia, all provisions Unnumbered Senate bill, Humanitarian Assistance and Peacebuilding Protection Act, all provisions Nomination of Laura Holgate to be Ambassador to the Vienna Office of the United Nations and the International Atomic Energy Agency
Client expense: $660,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), U.S. Agency for International Development (USAID)
HR.4514/S.2531 - Combating BDS Act of 2016 - A bill that authorizes a state or local government to adopt and enforce measures to divest its assets from, or prohibit investment of its assets in: (1) an entity that such government determines, using credible information available to the public, engages in a commerce or investment-related boycott, divestment, or sanctions activity targeting Israel; or (2) an entity that owns or controls, is owned or controlled by, or is under common ownership or control with, such an entity. Such government shall provide written notice to such an entity before applying such a measure. HRes.686 - Expressing support for efforts to enhance Israeli security and create the conditions for progress toward a negotiated two-state solution to the Israeli-Palestinian conflict. S.224/HR.5332 - Women, Peace and Security Act - Expresses the sense of Congress that: (1) implementation of the United States National Action Plan on Women, Peace, and Security (NAP) is paramount in improving the lives of women around the world and increasing global stability and prosperity, (2) Congress is committed to advancing NAP principles, and (3) the President should ensure NAP's implementation and coordinate with the international community to reaffirm global commitments to implementation of United Nations Security Council Resolution 1325. HR.5207 - Freedom of Religion Act of 2016 - This bill amends the Immigration and Nationality Act to provide that an alien may not be denied admission to the United States because of his or her religion or lack of religious beliefs. S.2988 - A bill to extend the sunset of the Iran Sanctions Act of 1996 in order to effectuate the Joint Comprehensive Plan of Action in guaranteeing that all nuclear material in Iran remains in peaceful activities. HR.4992 - United States Financial System Protection Act of 2016 - This bill prevents any transfers of funds to or from Iran, or for the direct or indirect benefit of an Iranian person or the government of Iran, until the President certifies to the appropriate congressional committees that the government of Iran has ceased: supporting acts of international terrorism; and developing nuclear, biological, and chemical weapons and ballistic missiles and ballistic missile launch technology (and has dismantled existing ones). HR.5119 - No H2O from Iran Act - This bill prohibits funds available to any federal department or agency for any fiscal year from being obligated or expended to purchase or issue a licence to purchase heavy water produced in Iran. HR.5631 - Iran Accountability Act of 2016 - This bill applies to transfers of funds to or from Iran, or for the direct or indirect benefit of an Iranian person or the government of Iran, for a specified period only, the existing authorization for U.S. depository institutions and registered brokers or dealers in securities to process such a funds transfer if the transfer arises from, and is ordinarily incident and necessary to give effect to, an underlying transaction that has been authorized by a specific or general license and does not involve debiting or crediting an Iranian account.
HR.4514/S.2531 - Combating BDS Act of 2016 - A bill that authorizes a state or local government to adopt and enforce measures to divest its assets from, or prohibit investment of its assets in: (1) an entity that such government determines, using credible information available to the public, engages in a commerce or investment-related boycott, divestment, or sanctions activity targeting Israel; or (2) an entity that owns or controls, is owned or controlled by, or is under common ownership or control with, such an entity. Such government shall provide written notice to such an entity before applying such a measure. HRes.686 - Expressing support for efforts to enhance Israeli security and create the conditions for progress toward a negotiated two-state solution to the Israeli-Palestinian conflict. S.224/HR.5332 - Women, Peace and Security Act - Expresses the sense of Congress that: (1) implementation of the United States National Action Plan on Women, Peace, and Security (NAP) is paramount in improving the lives of women around the world and increasing global stability and prosperity, (2) Congress is committed to advancing NAP principles, and (3) the President should ensure NAP's implementation and coordinate with the international community to reaffirm global commitments to implementation of United Nations Security Council Resolution 1325. HR.5207 - Freedom of Religion Act of 2016 - This bill amends the Immigration and Nationality Act to provide that an alien may not be denied admission to the United States because of his or her religion or lack of religious beliefs. S.2988 - A bill to extend the sunset of the Iran Sanctions Act of 1996 in order to effectuate the Joint Comprehensive Plan of Action in guaranteeing that all nuclear material in Iran remains in peaceful activities. HR.4992 - United States Financial System Protection Act of 2016 - This bill prevents any transfers of funds to or from Iran, or for the direct or indirect benefit of an Iranian person or the government of Iran, until the President certifies to the appropriate congressional committees that the government of Iran has ceased: supporting acts of international terrorism; and developing nuclear, biological, and chemical weapons and ballistic missiles and ballistic missile launch technology (and has dismantled existing ones). HR.5119 - No H2O from Iran Act - This bill prohibits funds available to any federal department or agency for any fiscal year from being obligated or expended to purchase or issue a licence to purchase heavy water produced in Iran. HR.5631 - Iran Accountability Act of 2016 - This bill applies to transfers of funds to or from Iran, or for the direct or indirect benefit of an Iranian person or the government of Iran, for a specified period only, the existing authorization for U.S. depository institutions and registered brokers or dealers in securities to process such a funds transfer if the transfer arises from, and is ordinarily incident and necessary to give effect to, an underlying transaction that has been authorized by a specific or general license and does not involve debiting or crediting an Iranian account. Coons/Graham letter - A letter urging the Administration to quickly conclude a strengthened Memorandum of Understanding (MOU) to provide Israel with the resources it needs to defend itself.
Considered under the provisions of rule H. Res. 819. (consideration: CR H4957-4964)
Rules Committee Resolution H. Res. 819 Reported to House. Rule provides for consideration of H.R. 4992, H.R. 5119 and H.R. 5631 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments.
Referred to the House Committee on Financial Services.
Introduced in House
Congress.gov source codes: 1000, Intro-H
| Republican |
| VA |
| Devin Nunes | Republican | CA |
| Frank A. LoBiondo | Republican | NJ |
| Ileana Ros-Lehtinen | Republican | FL |
| Leonard Lance | Republican | NJ |
| Michael G. Fitzpatrick | Republican | PA |
| Pete Sessions | Republican | TX |
| Robert B. Aderholt | Republican | AL |
| Rodney P. Frelinghuysen | Republican | NJ |
| Ryan A. Costello | Republican | PA |
| Vicky Hartzler | Republican | MO |
Client expense: $100,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
Client expense: $100,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office