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118-hr-5994Committee
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No Funds for Iran-Backed Terror Act

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Summary

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This bill requires the President to enforce oil sanctions against Iran to their maximum extent under existing law and prohibits waiving certain sanctions on Iranian funds held in escrow accounts in South Korea and Iraq. The bill also directs the Treasury Secretary to prevent Iran from accessing International Monetary Fund Special Drawing Rights. Enforcement requirements include certifications and determinations submitted to Congress every 30 days until Iran ends its support for terrorist groups, pursuit of nuclear weapons, and military support for Russia.

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Bill details

Congress
118
Bill type
hr
Introduced
October 19, 2023
Sponsor
Not yet available
Last action
December 17, 2024— Referred to the Subcommittee on Trade.

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