Tracking and Restricting Adversarial Circumvention of Embargoes Act of 2025
China and Iran Trade: New Reporting and Sanction Review
This bill is currently in the early stages of the legislative process after being sent to the Senate Select Committee on Intelligence for review. It is considered active, but no future hearings or votes have been scheduled yet. There is no companion bill currently linked to this legislation.
Legislative Progress
The bill has strong bipartisan support from well-known senators, but it is currently a request for a report and must clear several committees before becoming law.
Key Points
- This bill requires the U.S. intelligence community to investigate how China might be helping Iran avoid international trade bans. It specifically looks at oil sales and materials used to build missiles.
- The government would look back at all Chinese purchases of Iranian oil since 2020. This includes checking if China is using fake companies or secret shipping locations to hide these deals and avoid penalties.
- The bill also tracks whether Chinese companies are sending chemicals or other supplies to Iran to help them build ballistic missiles. It looks at the money moving between these two countries for these materials.
- After the investigation is finished, the Treasury Department must decide if China's actions should lead to new sanctions. This could mean cutting off certain Chinese businesses from the U.S. financial system.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Read twice and referred to the Select Committee on Intelligence.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Tracking and Restricting Adversarial Circumvention of Embargoes Act of 2025
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.