Maximum Pressure Act

2718

117th Congress

In Committee

Summary

Maximum Pressure Act This bill expands sanctions and economic penalties on Iran. It also restricts the President from unilaterally lifting or waiving the sanctions or penalties and increases congressional oversight of them. Specifically, the bill requires the President to impose visa- and asset-blocking sanctions. Additionally, it modifies existing sanctions, including by (1) providing statutory authority for executive orders imposing sanctions; (2) applying sanctions to additional sectors of Iran's economy; and (3) broadening sanctionable conduct to cover, for example, assisting Iran with the acquisition of ballistic missiles and the complicity of Iranian officials in human rights violations in specified countries. The bill also requires reporting on licenses that authorize activities subject to sanctions. The bill prohibits U.S. representatives at the International Monetary Fund from voting to allow Iran's access to special drawing rights (a currency support tool) and places restrictions on financial transactions with Iran. The restrictions include requiring domestic financial institutions to implement special measures with respect to foreign financial institutions that conduct significant transactions connected to the Instrument in Support of Trade Exchanges (a European mechanism that bypasses U.S. sanctions when carrying out trade with Iran). The Department of State must maintain the Islamic Revolutionary Guard Corps' designation as a terrorist organization and must designate Ansharallah (or Houthis), which operates in Syria, as a foreign terrorist organization. The bill also requires reports on U.S. sanctions concerning Iran, the status of Iran's nuclear weapons program, and other matters.

Lobbying filings that explicitly cite this bill (1)

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FDD ACTION (1)

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2021 · second_quarter · Foreign Relations

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Cited source text, amounts, lobbyists, and targets

H. Res. 157, A resolution opposing the lifting of sanctions imposed with respect to Iran without addressing the full scope of Iran's malign activities, including its nuclear program, ballistic and cruise missile capabilities, weapons proliferation, support for terrorism, hostage-taking, gross human rights violations, and other destabilizing activities, all provisions. H. Res. 394, A resolution condemning the acts of terrorism committed by Hamas against the people of the State of Israel, all provisions. H. Res. 396, A resolution condemning the deadly and indiscriminate rocket attacks perpetrated against Israel by Hamas beginning the week of May 9, 2021, and expressing that the United States must continue to invest in and support Israel's security and sovereignty, all provisions. H. Res. 474, A resolution condemning and censuring Representative Alexandria Ocasio-Cortez of New York, Representative Rashida Tlaib of Michigan, Representative Ilhan Omar of Minnesota, and Representative Ayanna Pressley of Massachusetts for defending foreign terrorist organizations and inciting anti-Semitic attacks across the United States, all provisions. H.R. 2718, Maximum Pressure Act, all provisions. H.R. 3342, "Sanctioning the Use of Civilians as Defenseless Shields Act," all provisions. H.R. 3390, Chinese Communist Party Influence Transparency Act, all provisions. H.R.261, Palestinian International Terrorism Support Prevention Act of 2021, all provisions. S. 1169, Strategic Competition Act, all provisions. S. 1651, Hizballah in Latin America Accountability Act of 2021, all provisions. S. 1754, Chinese Communist Party Influence Transparency Act, all provisions. S. 1790, National Defense Authorization Act for Fiscal Year 2020, (issues related to Caesar Syria Civilian Protection Act). S. 2030, Iran Nuclear Treaty Act, all provisions. S. 65, Uyghur Forced Labor Prevention Act, all provisions. S. Res. 226, A resolution expressing the sense of the Senate that the United States supports Israel, our greatest ally in the region, and its right to defend itself against terrorist attacks, all provisions. S. Res. 232, A resolution expressing the sense of the Senate that acts of violence against Jewish people in the United States and around the world and the poisonous rhetoric from politicians and others promoted by the media that has helped inspire such violence is condemnable and has no place in society, all provisions. S.1260, United States Innovation and Competition Act of 2021, all provisions. S.1904, Palestinian International Terrorism Support Prevention Act of 2021, all provisions. S.Res.72, A resolution opposing the lifting of sanctions imposed with respect to Iran without addressing the full scope of Iran's malign activities, including its nuclear program, ballistic and cruise missile capabilities, weapons proliferation, support for terrorism, hostage-taking, gross human rights violations, and other destabilizing activities, all provisions. Issues related to Anti-corruption efforts in Latin America, Chinas foreign policy and military strategy, Congressional oversight of U.S. foreign policy, COVID-19 pandemic, Hezbollah criminal activity, Human rights situation in Iran, Humanitarian assistance oversight, International and multilateral organizations, Irans foreign policy and military strategy, Irans nuclear program, Nonproliferation and arms control, Normalization efforts in the Middle East, Palestinian politics and terrorism, Syrias chemical weapons program, U.S. foreign policy trends, U.S. policy on Afghanistan, U.S. policy on China, U.S. policy on Iran, U.S. policy on Israel, U.S. policy on Korean peninsula, U.S. policy on Latin America, U.S. policy on Nicaragua, U.S. policy on Russia, U.S. policy on Syria, U.S. policy on Taiwan, U.S. strategy in the Indo-Pacific region, United Nations reform and accountability, and USAID initiatives (no bill).

Subjects (53)

Administrative law and regulatory procedures

Afghanistan

Arms control and nonproliferation

Asia

Bank accounts, deposits, capital

Business ethics

Computer security and identity theft

Congressional oversight

Corporate finance and management

Actions (4)

October 19, 2021

Referred to the Subcommittee on Immigration and Citizenship.

April 21, 2021

Referred to the Subcommittee on Trade.

April 21, 2021

Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, the Judiciary, Oversight and Reform, Ways and Means, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

April 21, 2021

Introduced in House

Congress.gov source codes: 1000, Intro-H

Committees

Committee	Chamber	Activity	Date
Judiciary Committee	House	Referred to	April 21, 2021
Ways and Means Committee	House	Referred to	April 21, 2021
Rules Committee	House	Referred to	April 21, 2021
Oversight and Accountability Committee	House