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The Revoke Iranian Funding Act of 2023 would rescind Treasury Department licenses and exemptions that permitted Iranian government accounts held in Qatar to access funds, including $6 billion transferred from South Korea in September 2023. The bill would also rescind a State Department waiver issued on September 8, 2023, and prohibit the Treasury Secretary from issuing new licenses for Iranian accounts in Qatar for one year. Additionally, it requires the Treasury Secretary to report to Congress on all blocked Iranian assets exceeding $5 million and all active sanctions exemptions related to Iran.
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