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House Voting to Prevent Sale and Export of U.S. Aircraft to Iran

Washington, Nov 10 -

WASHINGTON -- The House next week is scheduled to consider a package of bills designed to prevent the sale of commercial aircraft to Iran, labeled by the U.S. State Department as the world’s leading state sponsor of terrorism.

“These bills are part of a bipartisan effort to ensure that Iran does not have access to the U.S. financial system and that taxpayers and depositors are not forced to pick up the tab for these risky arrangements.  They are about taking every possible step to ensure that American-made aircraft are never used in pursuit of ending the lives of Americans or our allies,” said House Financial Services Committee Chairman Jeb Hensarling (R-TX).

The package of bills combines H.R. 5711 and H.R. 5715, two bills that were approved by the committee in July.

H.R.5711 would prohibit the Secretary of the Treasury from authorizing U.S. financing in connection with the export of commercial aircraft to Iran.  The bill, sponsored by Rep. Bill Huizenga (R-MI), would also revoke any such authorizations made prior to its enactment.  It was approved by the committee 33-21.

H.R.5715, the No Ex-Im Assistance for Terrorism Act, would make permanent a direct financing prohibition for Export-Import Bank assistance to the government of Iran, prohibit indirect Ex-Im financing for Iran, and stop any Ex-Im financing if the Bank discovers that its support has been used to facilitate the export or re-export of aircraft to Iran.

H.R. 5715 is sponsored by Reps. Peter Roskam (R-IL) and Brad Sherman (D-CA) and passed the committee 32-21.

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