[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 3286 Introduced in Senate (IS)]

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114th CONGRESS
  2d Session
                                S. 3286

   To prohibit the issuing of licenses for the export or reexport of 
            aircraft and related parts and services to Iran.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 6, 2016

   Mr. Rubio introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
   To prohibit the issuing of licenses for the export or reexport of 
            aircraft and related parts and services to Iran.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Keeping Aircraft Away from 
Terrorists Act of 2016''.

SEC. 2. PROHIBITION ON ISSUANCE OF LICENSES RELATING TO EXPORTING OR 
              REEXPORTING CERTAIN AIRCRAFT TO IRAN.

    (a) In General.--The President or the head of an executive agency 
may not issue any license under the International Emergency Economic 
Powers Act (50 U.S.C. 1701 et seq.) or subpart E of part 535 of title 
31, Code of Federal Regulations, or provide other guidance (including 
in the form of executive actions, rules, regulations, frequently asked 
questions, written communications, or any other commitments), that 
permits--
            (1) a United States person to conduct a transaction related 
        to the negotiation of, or entry into, a contract for any 
        activity related to the export or re-export to Iran of aircraft 
        or related parts or services;
            (2) a United States depository institution or United States 
        registered broker or dealer in securities to conduct a 
        transaction related to the negotiation of, or entry into, such 
        a contract; or
            (3) a foreign financial institution to conduct a 
        transaction related to the negotiation of, or entry into, such 
        a contract.
    (b) Definitions.--In this section:
            (1) Executive agency.--The term ``executive agency'' has 
        the meaning given that term in section 133 of title 41, United 
        States Code.
            (2) Foreign financial institution.--The term ``foreign 
        financial institution'' has the meaning given that term in 
        section 1010.605 of title 31, Code of Federal Regulations, as 
        in effect on January 1, 2016.
            (3) United states depository institution.--The term 
        ``United States depository institution'' has the meaning given 
        that term in section 560.319 of title 31, Code of Federal 
        Regulations, as in effect on January 1, 2016.
            (4) United states person.--The term ``United States 
        person'' means--
                    (A) a United States citizen or an alien lawfully 
                admitted for permanent residence to the United States; 
                or
                    (B) an entity organized under the laws of the 
                United States or of any jurisdiction within the United 
                States, including a foreign branch of such an entity.
            (5) United states registered broker or dealer in 
        securities.--The term ``United States registered broker or 
        dealers in securities'' has the meaning given that term in 
        section 560.321 of title 31, Code of Federal Regulations, as in 
        effect on January 1, 2016.
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