"Congress Reacts to Iran's Attack on Israel with Legislation and Political Maneuvering"
The US House of Representatives is set to vote on H.R. 5923, the Iran-China Energy Sanctions Act of 2023, which aims to counter China's purchase of Iranian crude oil in response to Iran's attack on Israel. The bill would expand secondary sanctions against Iran to cover transactions between Chinese financial institutions and sanctioned Iranian banks used to purchase petroleum products, and requires the US to annually determine if Chinese financial institutions have engaged in sanctionable conduct.