Bill > HR2468

This bill prohibits the U.S. government from granting licenses or waivers for transactions with specific Iranian individuals and entities designated as supporters of terrorism by the Treasury Department's Office of Foreign Assets Control (OFAC) as of January 20, 2021. To obtain a license or waiver, the President must first certify to key congressional committees (House Foreign Affairs and Financial Services, Senate Foreign Relations and Banking) that these foreign persons have stopped their involvement in terrorism. The bill specifically references Iranian individuals and entities listed under Executive Order 13224, which allows the government to block property and prohibit transactions with persons who commit, threaten to commit, or support terrorist activities. Importantly, the bill does not restrict or modify any general OFAC licenses relating to transactions with these sanctioned persons that were in effect on January 20, 2021. The legislation aims to maintain strict sanctions against Iranian entities believed to be supporting terrorist activities and prevent any potential easing of these restrictions without clear evidence of changed behavior.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/2468/all-info