summary
Introduced
10/19/2023
10/19/2023
In Committee
12/17/2024
12/17/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To freeze $6,000,000,000 of Iranian funds held in Qatar, and for other purposes.
AI Summary
This bill, the Revoke Iranian Funding Act of 2023, aims to freeze $6 billion of Iranian funds held in Qatar and restrict access to any funds that could be used to finance international terrorism. The key provisions of the bill include: (1) rescinding any licenses or exemptions from sanctions that were previously granted for "humanitarian purposes" with respect to Iranian accounts in Qatar; (2) rescinding a waiver determination issued in September 2023 that allowed the release of funds to Iran; and (3) requiring the Secretary of the Treasury to report on all Iranian assets valued at over $5 million that are currently blocked by the United States, as well as provide a list of all existing licenses and exemptions related to Iran sanctions. The bill is intended to limit Iran's access to funds that could potentially be used to support terrorist activities.
Committee Categories
Business and Industry, Military Affairs and Security
Sponsors (16)
Zach Nunn (R)*,
Don Bacon (R),
Monica De La Cruz (R),
Byron Donalds (R),
Ruben Gallego (D),
Andrew Garbarino (R),
Erin Houchin (R),
Bill Huizenga (R),
Young Kim (R),
Mike Lawler (R),
Blaine Luetkemeyer (R),
Tom McClintock (R),
Dan Meuser (R),
Ralph Norman (R),
Greg Steube (R),
Randy Weber (R),
Last Action
Referred to the Subcommittee on Trade. (on 12/17/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/6000/all-info |
| BillText | https://www.congress.gov/118/bills/hr6000/BILLS-118hr6000ih.pdf |
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