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H.R. 2574119th CongressIn committeeLatest action Apr 1, 2025Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
HR 2574 would close natural gas exceptions in US Iran sanctions law, putting Iraq's energy imports at risk of US penalties.
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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.
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.
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.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
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.