HB6120: NO OIL for Terrorists Act Negating Opportunities for Oil Income Leveraged for Terrorists Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To restore and require the imposition of certain sanctions previously waived with respect to Iran, and for other purposes.
Plain-language summary
The NO OIL for Terrorists Act would restore and require sanctions (penalties) against Iran that were previously waived or lifted. Sanctions are restrictions on trade, money, and business dealings with a country. This bill targets Iran specifically by preventing certain oil-related and financial activities. The stated goal is to counter what sponsors view as terrorist financing. The bill was introduced in Congress and is currently awaiting review.
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HB6120: NO OIL for Terrorists Act Negating Opportunities for Oil Income Leveraged for T…