In committee
No Iranian Energy Act
This bill expands U.S. economic sanctions to target Iran's natural gas sector. Foreign companies, individuals, and banks involved in buying, selling, or transporting Iranian natural gas could face penalties such as asset freezes and losing access to the U.S. financial system. The measure aims to cut off foreign energy revenues flowing to Iran.
People affected—not determinable from the text provided
Fiscal magnitude—no CBO estimate published
Reach48provisional · pending reviewrigor: heuristic llm
What this bill touches.
Trade & tariffs−35
Who it helps · who it burdens.
Who it burdens
- Entities trading natural gas with IranSection 3(1) extends energy-sector sanctions to prohibit and penalize the sale, supply, or transfer of natural gas to or from Iran.
- Foreign financial institutions facilitating Iranian gas transactionsSection 3(2) subjects foreign financial institutions to sanctions if they facilitate financial transactions related to the sale, supply, or transfer of natural gas to or from Iran.
Who opposes it
- Iran's natural gas industrySections 2 and 3 explicitly target Iran's emerging natural gas sector by cutting off foreign trade and related financial transactions through sanctions.
The provisions, in plain language.
States the sense of Congress that the United States should target Iran's emerging gas industry with economic sanctions.
Expands U.S. energy-sector sanctions to prohibit the sale, supply, or transfer of natural gas to or from Iran.
Extends sanctions on foreign financial institutions to those that facilitate transactions involving the sale, supply, or transfer of natural gas to or from Iran.