H.R. 6297, Iran Sanctions Extension Act

H.R. 6297

Iran Sanctions Extension Act

Sponsor
Rep. Ed Royce

Date
November 15, 2016 (114th Congress, 2nd Session)

Staff Contact
Communications

Floor Situation

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.

Bill Summary

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.

Background

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 Originally enacted in 1996 (as the Iran-Libya Sanctions Act, to impose sanctions against foreign companies for investing in Iran’s oil sector), it later expanded to provide the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.

Cost

A Congressional Budget Office (CBO) estimate is not currently available.

Additional Information

For questions or further information please contact Jake Vreeburg with the House Republican Policy Committee by email or at 6-1828.