New U.S. penalties would hit foreign businesses that help Iran sell oil and gas.
This bill would put new financial penalties on foreign businesses, banks, and their leaders who knowingly help Iran sell its oil, gas, or petrochemical products. These penalties include freezing their money in the U.S. and banning them from entering the country. The goal is to cut off funds Iran uses for terrorism and weapons.
Today, the U.S. has various sanctions against Iran to limit its nuclear program and support for terrorism. If this bill becomes law, the U.S. would expand these sanctions to specifically target foreign businesses and individuals, including banks and logistical providers, who knowingly help Iran sell its oil, gas, or petrochemical products. This would lead to their U.S. assets being frozen and them being banned from entering the U.S.
S 556 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10
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8 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.