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H.R. 2574: No Iranian Energy Act

This bill, called the "No Iranian Energy Act," proposes to impose sanctions related to the importation of natural gas from Iran by Iraq. The main goal is to target and restrict Iran’s developing gas industry, thus applying pressure on the country’s economy and its energy sector.

Key Provisions of the Bill

  • Short Title: The act may be cited as the “No Iranian Energy Act.”
  • Sense of Congress: It expresses the opinion that the United States should focus its sanctions efforts on Iran's natural gas industry.
  • Prohibition on Importation: The bill amends previous legislation (the Iran Freedom and Counter-Proliferation Act) to explicitly apply sanctions to the sale, supply, or transfer of natural gas involving Iran.

Sanctions Applicability

The sanctions will apply to any transaction that involves the sale, supply, or transfer of natural gas to or from Iran. This means that entities engaged in these activities could face penalties or restrictions as part of the implementation of this law.

Impact of the Bill

The bill aims to limit Iran's ability to export natural gas, particularly through its relationships with countries like Iraq. By doing this, the U.S. government is signaling its intent to diminish Iran's revenue from energy exports, which are crucial to its economy.

Overall, the No Iranian Energy Act seeks to enhance existing sanctions by specifically addressing the natural gas industry, thereby intensifying the economic pressures on Iran.

Relevant Companies

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Sponsors

21 bill sponsors

Actions

2 actions

Date Action
Apr. 01, 2025 Introduced in House
Apr. 01, 2025 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, Oversight and Government Reform, and the Judiciary, 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.

Corporate Lobbying

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