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This bill tells U.S. agencies to review banking rules tied to Syria, improve money-laundering safeguards, and update how U.S. sanctions on the Syrian government are handled. It requires a careful check of a recent banking exception for the Commercial Bank of Syria and a recommendation on whether to keep it or change it. It also directs the U.S. representatives at the IMF and World Bank to support better economic data in Syria, help on anti-money laundering and anti-corruption, and a plan for growth, with progress briefings and a two-year limit on this part. The Export-Import Bank must review its country limits for Syria and report back. The bill updates sanctions rules to focus in part on stopping the drug Captagon and protecting religious minorities, and it sets an end date for the sanctions law unless Syria meets set conditions for two straight years or by December 31, 2029.
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, 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.
Introduced July 16, 2025 by Michael Lawler · Last progress July 16, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 23.
Committee Consideration and Mark-up Session Held
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, 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.
Introduced in House