Press Releases

Yesterday, the House Committee on Financial Services passed the No U.S. Financing for Iran Act of 2023, legislation introduced by Congressman Bill Huizenga (R-MI). Specifically, the No U.S. Financing for Iran Act is designed to cut off the Iranian Government from accessing the U.S. financial system and protect Americans from inadvertently financing terrorism. The bill also requires the Treasury Secretary to oppose IMF assistance to Iran and prohibiting Special Drawing Rights from being allocated to Iran.

Prior to committee passage, Congressman Huizenga spoke on the No U.S. Financing for Iran Act. Rep. Huizenga’s speech is available to watch below. H.R. 5921, the No U.S. Financing for Iran Act, passed by a bipartisan vote of 34 to 12 with 7 Democrats joining 27 Republicans in support of this measure.

“My bill tightens our grip on the ayatollahs, on the government itself, but licenses for humanitarian aid to ordinary Iranians will continue to be permitted,” said Congressman Bill Huizenga. “When our fellow Americans deposit their earnings in a U.S. bank, or entrust the government with their tax dollars, they do so assuming that the money will not be used in ways which undermine the security of our country or the security of our allies. These are commonsense but long overdue prohibitions, and I am glad this effort to hold Iran accountable passed out of committee with bipartisan support.”