House bill would extend Iran sanctions to cover natural gas sales
In committeeH.R. 2574Latest action
Sponsor: August Pfluger · Representative · TX
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Official title: No Iranian Energy Act
119th Congress
Topics: Security & foreign affairs
Introduced:
Read the official bill on Congress.govIn plain words
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HR 2574 would close natural gas exceptions in US Iran sanctions law, putting Iraq's energy imports at risk of US penalties.
45-second read · 4 questions answered below
What does this do?
HR 2574 would expand existing US sanctions on Iran to eliminate exceptions that currently allow natural gas transactions. Under the bill, buying, selling, or transferring natural gas to or from Iran would be prohibited under US sanctions law. The bill was introduced partly in response to Iraq regularly purchasing Iranian natural gas to power its electrical grid.
Who does it affect?
Any country, company, or bank that helps Iran sell natural gas could face US penalties under this bill. Iraq's government is the main target, as it depends on Iranian natural gas imports to keep its power grid running.
Why does it matter?
Iraq would be forced to choose between finding an alternative energy source or risking being cut off from the US financial system or facing trade restrictions. International energy companies would also need to review whether any of their dealings involve Iranian natural gas.
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Where does it stand?
- IntroducedApr 1, 2025
- House committeeYou are here · Apr 1, 2025
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — 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.