Stop Evasion of Iran Sanctions Act of 2021 This bill allows the Department of the Treasury to subject a financial institution to operating restrictions and reporting requirements if the institution is connected with the Instrument in Support of Trade Exchanges (INSTEX). INSTEX is an entity designed to facilitate trade between Iran and non-U.S. countries and was created in response to the renewal of certain U.S. sanctions against Iran.
Referred to the House Committee on Financial Services.
Finance and Financial Sector
AlliancesArms control and nonproliferationBank accounts, deposits, capitalBusiness recordsCongressional oversightEuropeForeign and international bankingIranMiddle EastNuclear weaponsSanctions
Stop Evasion of Iran Sanctions Act of 2021
USA117th CongressHR-733| House
| Updated: 2/2/2021
Stop Evasion of Iran Sanctions Act of 2021 This bill allows the Department of the Treasury to subject a financial institution to operating restrictions and reporting requirements if the institution is connected with the Instrument in Support of Trade Exchanges (INSTEX). INSTEX is an entity designed to facilitate trade between Iran and non-U.S. countries and was created in response to the renewal of certain U.S. sanctions against Iran.
AlliancesArms control and nonproliferationBank accounts, deposits, capitalBusiness recordsCongressional oversightEuropeForeign and international bankingIranMiddle EastNuclear weaponsSanctions