S. 2167: Strengthening Oversight of Iran's Access to Finance Act

115th Congress · introduced 2017-11-28 · Foreign Trade and International Finance · Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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Follow this bill, step by step

Where it came from: introduced 2017-11-28 · official record
Who proposed it: Sen. Cruz, Ted [R-TX] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Strengthening Oversight of Iran's Access to Finance Act

Plain summary

Strengthening Oversight of Iran's Access to Finance Act This bill directs the Department of the Treasury, not later than 30 days after authorizing a U. S. or foreign financial institution to export or re-export a commercial passenger aircraft to Iran (or, for an authorization made after January 16, 2016, but before the enactment of this bill, not later than 60 days after such enactment) and every 180 days thereafter for the duration of the authorization, to submit to Congress a report containing: a list of financial institutions that have, after January 16, 2016, conducted transactions authorized in connection with such export or re-export; and either a certification that such transaction does not pose a significant money laundering or terrorism financing risk to the U. S. financial system and will not benefit an Iranian person who for the one year preceding the certification has knowingly transported weapons of mass destruction or has knowingly provided transportation services or material support for terrorism, weapons of mass destruction delivery system proliferation, or human rights abuses in Syria, and that any such institution had appropriate policies, procedures, and processes in place to avoid engaging in sanctionable activities; or a statement that the Treasury is unable to make such a certification and will, within 60 days after such determination, submit a report on non-certification to Congress. The President may waive the requirements of this bill for up to one year at a time upon certifying to Congress that: the Government of Iran has made substantial progress toward combating money laundering and terrorism financing risk emanating from Iran or has significantly reduced its destabilizing activities in the region or material support for terrorist groups; or such waiver is important to U.S. national interests.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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If it passes both chambers and is signed, it becomes law.

A “Nay” vote

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What does this mean? (plain words)

Official text

Strengthening Oversight of Iran's Access to Finance Act

Source: Congressional Research Service summary (Introduced in Senate)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Cruz, Ted [R-TX] · 2 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

John Cornyn (R-TX)

Sponsor's campaign money: Sen. Cruz, Ted [R-TX] reported raising $12.4 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Authorization: A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115s2167.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/s>

Record fed-us-cong115-s2167 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115