SEC. 2. PROHIBITION ON RELEASE OF BLOCKED IRANIAN 
ASSETS. 
(a) IN GENERAL.—No Iranian asset that is blocked 
or immobilized by the Department of the Treasury before 
the date of the enactment of this Act may be released or 
mobilized until the President certifies to the appropriate 
congressional committees that— 
(1) hostilities between Hamas and other Ira-
nian-backed groups and Israel have ceased; and 
(2)(A) full compensation has been made to 
Israel for harms resulting from the invasion of Israel 
by Hamas and other Iranian-backed groups; or 
(B) Iran is participating in a bona fide inter-
national mechanism that, by agreement, will dis-
charge the obligations of Iran to compensate Israel 
for all amounts determined to be owed to Israel. 
(b) NOTIFICATION.—Not later than 30 days before 
the release or mobilization of an Iranian asset that pre-
viously had been blocked or immobilized by the Depart-
ment of the Treasury, the President shall submit to the 
appropriate congressional committees— 
(1) a notification of the decision to release or 
mobilize the asset; and 
(2) a justification in writing for such release or 
mobilization. 
(c) JOINT RESOLUTION OF DISAPPROVAL.— 
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(1) IN GENERAL.—No Iranian asset that pre-
viously had been blocked or immobilized by the De-
partment of the Treasury may be released or mobi-
lized if, within 30 days of receipt of the notification 
and justification required under subsection (b), a 
joint resolution is enacted prohibiting the proposed 
release or mobilization. 
(2) EXPEDITED PROCEDURES.—Any joint reso-
lution described in paragraph (1) introduced in ei-
ther House of Congress shall be considered in ac-
cordance with the provisions of section 601(b) of the 
International Security Assistance and Arms Export 
Control Act of 1976 (Public Law 94–329; 90 Stat. 
765), except that any such resolution shall be 
amendable. If such a joint resolution should be ve-
toed by the President, the time for debate in consid-
eration of the veto message on such measure shall 
be limited to 20 hours in the Senate and in the 
House of Representatives shall be determined in ac-
cordance with the Rules of the House. 
(d) COOPERATION ON PROHIBITION OF RELEASE OF 
CERTAIN IRANIAN ASSETS.—The President may take 
such action as may be necessary to seek to obtain an 
agreement or arrangement between the United States, 
Israel, and other countries that have blocked or immo-
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bilized Iranian assets to prohibit such assets from being 
released or mobilized until an agreement has been reached 
that discharges Iran from further obligations to com-
pensate Israel. 
SEC. 3. AUTHORITY TO ENSURE COMPENSATION TO ISRAEL 
USING CONFISCATED IRANIAN ASSETS. 
(a) CONFISCATION.— 
(1) IN
GENERAL.—The President may con-
fiscate any Iranian assets subject to the jurisdiction 
of the United States, including assets that are with-
in the scope of the Iranian assets authorized to be 
transferred from South Korea to the oversight of 
Qatar on September 11, 2023. 
(2) LIQUIDATION
AND
DEPOSIT.—The Presi-
dent shall— 
(A) deposit any funds confiscated under 
paragraph (1) into the Fund established under 
subsection (b); 
(B) liquidate or sell any other property 
confiscated under paragraph (1) and deposit 
the funds resulting from such liquidation or 
sale into the Fund established under subsection 
(b); and 
(C) make all such funds available for the 
purposes described in subsection (b)(2). 
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(3) VESTING.—All right, title, and interest in 
Iranian assets confiscated under paragraph (1) shall 
vest, if necessary, in the Government of the United 
States while being held in the Fund established 
under subsection (b). 
(b) ESTABLISHMENT OF A FUND TO PROVIDE AS-
SISTANCE TO ISRAEL.— 
(1) IN GENERAL.—The President shall establish 
a non-interest-bearing account to consist of the 
funds deposited into the account under subsection 
(a). 
(2) USE OF FUNDS.—Amounts in the account 
established under paragraph (1) are authorized to be 
made available for the procurement of defense arti-
cles and services for Israel. 
(c) JUDICIAL REVIEW.— 
(1) IN GENERAL.—The confiscation of Iranian 
assets under subsection (a)(1) shall not be subject to 
judicial review. 
(2) RULE OF CONSTRUCTION.—Nothing in this 
subsection shall be construed to limit any private in-
dividual or entity from asserting due process claims 
in United States courts. 
(d) EXCEPTION FOR UNITED STATES OBLIGATIONS 
UNDER VIENNA CONVENTIONS.—The authorities pro-
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vided by this section may not be exercised in a manner 
inconsistent with the obligations of the United States 
under— 
(1) the Convention on Diplomatic Relations, 
done at Vienna April 18, 1961, and entered into 
force April 24, 1964 (23 UST 3227); 
(2) the Convention on Consular Relations, done 
at Vienna April 24, 1963, and entered into force on 
March 19, 1967 (21 UST 77); 
(3) the Agreement Regarding the Headquarters 
of the United Nations, signed at Lake Success June 
26, 1947, and entered into force November 21, 1947 
(TIAS 1676); or 
(4) any other international agreement governing 
the use of force and establishing rights under inter-
national humanitarian law. 
Æ 
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