CONGRESSWOMAN ELISE STEFANIK
On Tuesday, November 15, 2016, the House will consider H.R. 6287, the Iran Sanctions Extension Act, under suspension of the rules. The bill was introduced on by Rep. Ed Royce (R-CA) and was referred to the Committee on Foreign Affairs.
The Iran Sanctions Extension Act strikes and replaces the date, in order to extend to 2026 the Iran Sanctions Act (ISA). The ISA lapses on Dec. 31, 2016.
The Iran Sanctions Act is one of the most important pillars of the statutory sanctions regime against Iran to address its unconventional weapons programs, ballistic missile development, and support for terrorism. Originally enacted in 1996 (as the Iran-Libya Sanctions Act, to impose sanctions against foreign companies for investing in Iran’s oil sector), it later expanded to provide the underpinning for a wider array of sanctions against Iran. Extension of ISA is critical to ensuring that the statutory architecture remains in place for “snapback” sanctions, should Iran violate the nuclear agreement.
A Congressional Budget Office (CBO) estimate is not currently available.
For questions or further information please contact Jake Vreeburg with the House Republican Policy Committee by email or at 6-1828.