HR 5923 - Iran-China Energy Sanctions Act of 2023 - National Key Vote

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Title: Iran-China Energy Sanctions Act of 2023

Vote Smart's Synopsis:

Vote to pass a bill that requires the President to periodically determine whether any Chinese financial institution has engaged in the purchase of petroleum or petroleum products from Iran.

Highlights:

  • Requires the President to periodically determine whether any Chinese financial institution has engaged in the purchase of petroleum or petroleum products from Iran (Sec. 1).

  • Prohibits all U.S. financial institutions from opening or maintaining certain accounts with Chinese financial institutions that have engaged in the purchase of petroleum or petroleum products from Iran (Sec. 1).

NOTE: THIS LEGISLATION NEEDED A TWO-THIRDS MAJORITY VOTE TO PASS

NOTE: THIS LEGISLATION NEEDED A TWO-THIRDS MAJORITY VOTE TO PASS

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