Iran Counterterrorism Act of 2023

To modify the availability of certain waiver authorities with respect to sanctions imposed with respect to the financial sector of Iran, and for other purposes. 1. Short title This Act may be cited as the Iran Counterterrorism Act of 2023 2. Modification of waiver authorities with respect to sanctions imposed with respect to the financial sector of Iran (a) FY 2013 NDAA Section 1247 of the National Defense Authorization Act for Fiscal Year 2013 ( 22 U.S.C. 8806 (1) In subsection (f)(1)— (A) in subparagraph (A), by striking determines that such a waiver determines that— (i) the Government of Iran has ceased to provide support for acts of international terrorism; or (ii) such a waiver ; and (B) in subparagraph (B), by inserting before issuing a waiver pursuant to subparagraph (A)(ii), submits (2) By adding at the end the following: (g) Period for Review by Congress (1) In general During the period of 30 calendar days beginning on the date on which the President submits a report under subsection (f)(1)(B), the appropriate congressional committees should, as appropriate, hold hearings and briefings and otherwise obtain information in order to fully review the report. (2) Exception The period for congressional review under paragraph (1) of a report required to be submitted under subsection (f)(1)(B) shall be 60 calendar days if the report is submitted on or after July 10 and on or before September 7 in any calendar year. (3) Limitation on actions during initial congressional review period Notwithstanding any other provision of law, during the period for congressional review provided for under paragraph (1) of a report submitted under subsection (f)(1)(B) proposing a waiver of the imposition of sanctions under subsection (a), including any additional period for such review as applicable under the exception provided in paragraph (2), the President may not issue the waiver unless a joint resolution of approval with respect to that waiver is enacted in accordance with subsection (h). (4) Effect of enactment of a joint resolution of disapproval Notwithstanding any other provision of law, if a joint resolution of disapproval relating to a report submitted under subsection (f)(1)(B) proposing an action described in subsection (f)(1)(A)(ii) is enacted in accordance with subsection (h), the President may not issue the waiver. (h) Joint Resolutions of Disapproval or Approval Defined In this subsection: (1) Joint resolution of approval The term joint resolution of approval (A) the title of which is as follows: A joint resolution approving the President’s proposal to issue a waiver relating to the application of certain sanctions with respect to Iran. (B) the sole matter after the resolving clause of which is the following: Congress approves of the issuance of a waiver relating to the application of sanctions imposed with respect to Iran proposed by the President in the report submitted to Congress under section 1247(f)(1)(B) of the National Defense Authorization Act for Fiscal Year 2013 on _______ relating to ________. (2) Joint resolution of disapproval The term joint resolution of disapproval (A) the title of which is as follows: A joint resolution disapproving the President’s proposal to issue a waiver relating to the application of certain sanctions with respect to Iran. (B) the sole matter after the resolving clause of which is the following: Congress disapproves of the issuance of a waiver relating to the application of sanctions imposed with respect to Iran proposed by the President in the report submitted to Congress under section 1247(f)(1)(B) of the National Defense Authorization Act for Fiscal Year 2013 on _______ relating to ________. (3) Introduction During the period of 30 calendar days provided for under subsection (g)(1), including any additional period as applicable under the exception provided in subsection (g)(2), a joint resolution of approval or joint resolution of disapproval may be introduced— (A) in the House of Representatives, by the majority leader or the minority leader; and (B) in the Senate, by the majority leader (or the majority leader’s designee) or the minority leader (or the minority leader’s designee). (4) Floor consideration in house of representatives If a committee of the House of Representatives to which a joint resolution of approval or joint resolution of disapproval has been referred has not reported the joint resolution within 10 calendar days after the date of referral, that committee shall be discharged from further consideration of the joint resolution. (5) Consideration in the senate (A) Committee referral A joint resolution of approval or joint resolution of disapproval introduced in the Senate shall be referred to the Committee on Banking, Housing, and Urban Affairs. (B) Reporting and discharge If the committee to which a joint resolution of approval or joint resolution of disapproval was referred has not reported the joint resolution within 10 calendar days after the date of referral of the joint resolution, that committee shall be discharged from further consideration of the joint resolution and the joint resolution shall be placed on the appropriate calendar. (C) Proceeding to consideration Notwithstanding Rule XXII of the Standing Rules of the Senate, it is in order at any time after the Committee on Banking, Housing, and Urban Affairs reports a joint resolution of approval or joint resolution of disapproval to the Senate or has been discharged from consideration of such a joint resolution (even though a previous motion to the same effect has been disagreed to) to move to proceed to the consideration of the joint resolution, and all points of order against the joint resolution (and against consideration of the joint resolution) are waived. The motion to proceed is not debatable. The motion is not subject to a motion to postpone. A motion to reconsider the vote by which the motion is agreed to or disagreed to shall not be in order. (D) Rulings of the chair on procedure Appeals from the decisions of the Chair relating to the application of the rules of the Senate, as the case may be, to the procedure relating to a joint resolution of approval or joint resolution of disapproval shall be decided without debate. (E) Consideration of veto messages Debate in the Senate of any veto message with respect to a joint resolution of approval or joint resolution of disapproval, including all debatable motions and appeals in connection with the joint resolution, shall be limited to 10 hours, to be equally divided between, and controlled by, the majority leader and the minority leader or their designees. (6) Rules relating to senate and house of representatives (A) Treatment of senate joint resolution in house In the House of Representatives, the following procedures shall apply to a joint resolution of approval or a joint resolution of disapproval received from the Senate (unless the House has already passed a joint resolution relating to the same proposed action): (i) The joint resolution shall be referred to the Committee on Financial Services. (ii) If a committee to which a joint resolution has been referred has not reported the joint resolution within 2 calendar days after the date of referral, that committee shall be discharged from further consideration of the joint resolution. (iii) Beginning on the third legislative day after each committee to which a joint resolution has been referred reports the joint resolution to the House or has been discharged from further consideration thereof, it shall be in order to move to proceed to consider the joint resolution in the House. All points of order against the motion are waived. Such a motion shall not be in order after the House has disposed of a motion to proceed on the joint resolution. The previous question shall be considered as ordered on the motion to its adoption without intervening motion. The motion shall not be debatable. A motion to reconsider the vote by which the motion is disposed of shall not be in order. (iv) The joint resolution shall be considered as read. All points of order against the joint resolution and against its consideration are waived. The previous question shall be considered as ordered on the joint resolution to final passage without intervening motion except 2 hours of debate equally divided and controlled by the sponsor of the joint resolution (or a designee) and an opponent. A motion to reconsider the vote on passage of the joint resolution shall not be in order. (B) Treatment of house joint resolution in senate (i) If, before the passage by the Senate of a joint resolution of approval or joint resolution of disapproval, the Senate receives an identical joint resolution from the House of Representatives, the following procedures shall apply: (I) That joint resolution shall not be referred to a committee. (II) With respect to that joint resolution— (aa) the procedure in the Senate shall be the same as if no joint resolution had been received from the House of Representatives; but (bb) the vote on passage shall be on the joint resolution from the House of Representatives. (ii) If, following passage of a joint resolution of approval or joint resolution of disapproval in the Senate, the Senate receives an identical joint resolution from the House of Representatives, that joint resolution shall be placed on the appropriate Senate calendar. (iii) If a joint resolution of approval or a joint resolution of disapproval is received from the House, and no companion joint resolution has been introduced in the Senate, the Senate procedures under this subsection shall apply to the House joint resolution. (C) Application to revenue measures The provisions of this paragraph shall not apply in the House of Representatives to a joint resolution of approval or joint resolution of disapproval that is a revenue measure. (7) Rules of house of representatives and senate This subsection is enacted by Congress— (A) as an exercise of the rulemaking power of the Senate and the House of Representatives, respectively, and as such is deemed a part of the rules of each House, respectively, and supersedes other rules only to the extent that it is inconsistent with such rules; and (B) with full recognition of the constitutional right of either House to change the rules (so far as relating to the procedure of that House) at any time, in the same manner, and to the same extent as in the case of any other rule of that House. . (b) FY 2012 NDAA Section 1245(d)(5) of the National Defense Authorization Act for Fiscal Year 2012 ( 22 U.S.C. 8513a(d)(5) (1) In subparagraph (A), by striking determines that such a waiver determines that— (i) the Government of Iran has ceased to provide support for acts of international terrorism; or (ii) such a waiver . (2) In subparagraph (B), by inserting before issuing a waiver pursuant to subparagraph (A)(ii), submits (3) By adding at the end the following: The provisions relating to period for review by Congress described in subsections (g) and (h) of section 1247 of the National Defense Authorization Act for Fiscal Year 2013 ( 22 U.S.C. 8806 . April 15, 2024 Reported from the Committee on Financial Services April 15, 2024 Committee on Foreign Affairs

Summary: Iran Counterterrorism Act of 2023 This bill modifies the authority of the President to waive restrictions on certain U.S. accounts of foreign financial institutions that have facilitated significant financial transactions on behalf of the Central Bank of Iran, certain Iranian financial institutions, or certain Iranian nationals. Current law authorizes the President to waive these restrictions for national security purposes. Under this bill, the President may also waive the restrictions if the President determines that Iran has ceased to provide support for acts of international terrorism. The bill also authorizes Congress to enact a joint resolution of disapproval to prevent the President from waiving the restrictions for national security purposes.