Lawmaker to Reintroduce Bill to Cut Off Iran From US Financial System

Rep. Bill Huizenga, R-Mich., said Feb. 4 that he intends to reintroduce a bill aimed at denying Iran's government access to the U.S. financial system. His No U.S. Financing for Iran Act, which he previously offered in October 2023, would prevent Iran from using U.S. financial institutions to engage in trade-related transactions, except for humanitarian purposes. Huizenga disclosed his plans in a statement welcoming President Donald Trump’s move to increase pressure on Iran over its support for terrorism (see 2502050020).