End Iranian Terrorism Act of 2024

This bill requires the U.S. government to strengthen enforcement of existing sanctions against Iran by targeting Chinese entities involved in evading oil sanctions. It mandates a 120-day strategy report detailing how China’s oil refining, transportation, and storage networks enable Iran’s oil smuggling, including specific assessments of Chinese refineries and smuggling patterns. The bill also directs the President to impose new sanctions within 180 days on Chinese companies and individuals facilitating Iran’s oil trade, expanding current sanctions to cover storage, shipping, and refining operations. The focus is on disrupting the flow of Iranian oil revenue that funds Iran’s government and its proxies, directly affecting Chinese oil companies and their supply chains.