No Trade with Terrorists Act
No Trade with Terrorists Act
Plain Language Summary
# No Trade with Terrorists Act (HR 5292) - Summary **What the Bill Would Do** The No Trade with Terrorists Act aims to restrict U.S. trade and commerce with countries designated as state sponsors of terrorism. If passed, it would strengthen existing laws by limiting American businesses' ability to buy from or sell to these nations and potentially expanding the list of restricted activities or countries subject to trade bans. **Who It Affects** This bill would primarily impact U.S. companies that conduct international business, particularly those in industries like energy, technology, and manufacturing.
It would also affect consumers through potential price changes on goods. The countries currently designated by the U.S. State Department as state sponsors of terrorism—including Iran, Syria, North Korea, and Cuba—would face tighter economic restrictions. **Current Status** The bill is currently in committee and has not yet been voted on by the full House of Representatives. This means it remains in the early stages of the legislative process and may be debated, amended, or shelved depending on committee action.
Latest Action
Referred to the House Committee on Ways and Means.