As reported by the Senate Committee on Foreign Relations on May 7, 2024
By Fiscal Year, Millions of Dollars
2024
2024-2029
2024-2034
Direct Spending (Outlays)
*
*
*
Revenues
*
*
*
Increase or Decrease (-) in the Deficit
*
*
*
Spending Subject to Appropriation (Outlays)
*
*
not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
< $2.5 billion
Statutory pay-as-you-go procedures apply?
Yes
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
No
Contains intergovernmental mandate?
No
Contains private-sector mandate?
Yes, Under Threshold
* = between -$500,000 and $500,000.
Summary
S. 3235 would require the Administration to issue a report identifying individuals, entities, and vessels that facilitate the transfer or sale of Iranian petroleum products that are subject to sanctions and to determine whether to sanction the identified foreign entities under certain existing authorities that are specified in the bill. S. 3235 also would require the Administration to report on its strategy to deter Chinese evasion of sanctions on Iranian petroleum and on the effect of sanctions on Iran.