NOPE Act No Oil Profiteering to Enrich Iran Act
To nullify Iran-related General License U, "Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Iranian Origin Loaded on Vessels as of March 20, 2026", and for other purposes.
HB8220, also known as the NOPE Act (No Oil Profiteering to Enrich Iran Act), was introduced to prevent Iran from profiting from the sale of Iranian oil and petroleum products. This bill aims to nullify a specific General License, U, which currently allows for the delivery and sale of Iranian oil loaded on vessels before March 20, 2026. By stopping this license, the bill seeks to curb Iran's ability to profit from oil sales.
The NOPE Act would affect businesses and entities involved in the sale of Iranian oil, as well as the Iranian government, by potentially limiting their ability to generate revenue from these sales. It is designed to address concerns about Iran using oil profits to fund activities that may be detrimental to global security and stability.
HB8220 was introduced on April 9, 2026, and has been referred to the House Committee on Foreign Affairs and the Committee on the Judiciary. These committees will review the bill and determine its next steps in the legislative process.
