Bill
Bill > HR2575
US HR2575
US HR2575To provide for the rescission of certain waivers and licenses relating to Iran, and for other purposes.
summary
Introduced
04/01/2025
04/01/2025
In Committee
04/01/2025
04/01/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To provide for the rescission of certain waivers and licenses relating to Iran, and for other purposes.
AI Summary
This bill aims to terminate specific waivers and licenses related to Iran's financial transactions, focusing on a transfer of funds from the Republic of Korea to Qatar. Specifically, the bill rescinds a waiver exercised under the National Defense Authorization Act for Fiscal Year 2012 and the Iran Freedom and Counter-Proliferation Act of 2012, which was transmitted to Congress on September 11, 2023. The bill also invalidates any general or specific licenses issued by the Office of Foreign Assets Control (OFAC) at the Department of the Treasury that are directly or indirectly related to these funds. Furthermore, the bill prohibits the President from reissuing any similar waivers or licenses, and prevents the President from allowing the Iranian government or Iranian persons to access certain financial accounts established under previous legislation. The primary intent appears to be restricting Iran's potential access to international financial resources and limiting the executive branch's ability to grant exceptions to existing sanctions.
Committee Categories
Military Affairs and Security
Sponsors (23)
August Pfluger (R)*,
Michael Baumgartner (R),
Nicholas Begich (R),
Sheri Biggs (R),
Gus Bilirakis (R),
Ben Cline (R),
Chuck Edwards (R),
Pat Fallon (R),
Craig Goldman (R),
Abraham Hamadeh (R),
David Kustoff (R),
Bob Latta (R),
Barry Loudermilk (R),
John McGuire (R),
Mark Messmer (R),
Zach Nunn (R),
Derek Schmidt (R),
Elise Stefanik (R),
Bryan Steil (R),
Claudia Tenney (R),
Jeff Van Drew (R),
Ann Wagner (R),
Roger Williams (R),
Last Action
Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 04/01/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/2575/all-info |
| BillText | https://www.congress.gov/119/bills/hr2575/BILLS-119hr2575ih.pdf |
Loading...