Isolating ISIS Act

Summary

Isolating ISIS Act - Directs the Secretary of the Treasury to prohibit, or impose strict conditions on, the opening or maintaining in the United States of a correspondent account or a payable-through account by a foreign financial institution that knowingly: facilitates a transaction for the Islamic State of Iraq and Syria (ISIS); facilitates a transaction of a person designated for acting on behalf of or at the direction of, or owned or controlled by, ISIS; engages in money laundering to carry out such an activity; facilitates a transaction or provides financial services to carry out such an activity; or facilitates such an activity, conspires to facilitate or participate in such an activity, or is owned or controlled by a foreign financial institution that knowingly engages in such an activity. Applies specified penalties under the International Emergency Economic Powers Act for violations of this Act. Authorizes the Secretary to waive the application of a prohibition for up to 180 days (with renewable 180-day waivers) if in U.S. national security interests, and with congressional notification. Directs the Secretary to identify to Congress every 180 days each foreign central bank that carries out a prohibited activity. Directs the President to transmit to Congress a list of, and impose specified sanctions against, any person who knowingly engages in a transaction with a foreign person that transfers or receives, or facilitates the transfer or receipt of, any goods or services to or from ISIS. States that the President shall not be required to include a person on this list if: (1) that person is no longer engaging in or has taken significant steps toward stopping sanctioned activities, and (2) the President has received reliable assurances that such person will not knowingly engage in any new sanctioned activity. States that nothing in this Act shall apply to authorized U.S. intelligence activities.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 10 September 2014

   Introduced

   Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Government Reform, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 10 September 2014

   Introduced

   Introduced in House

   Source: IntroReferral

3. 10 September 2014

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 10 September 2014 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 September 2014

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 10 September 2014

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 10 September 2014

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Fitzpatrick, Michael G. [R-PA-8] · R · Sponsor
• Rep. Thompson, Glenn [R-PA-15] · R · Cosponsor
• Rep. McGovern, James P. [D-MA-2] · D · Cosponsor
• Rep. Schweikert, David [R-AZ-1] · R · Cosponsor
• Rep. Rothfus, Keith J. [R-PA-12] · R · Cosponsor
• Rep. Davis, Rodney [R-IL-13] · R · Cosponsor
• Rep. Ribble, Reid J. [R-WI-8] · R · Cosponsor
• Rep. Delaney, John K. [D-MD-6] · D · Cosponsor
• · hsba00 · Standing
• · hsgo00 · Standing
• · hsfa00 · Standing

Related records

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