To provide for the rescission of certain waivers and licenses relating to Iran, and for other purposes.

Bill: 118-hr-5947
Sponsor: full_name: Rep. Pfluger, August [R-TX-11]
Introduced: 2023-10-12
Policy area: International Affairs
Subjects: Asia

Bank accounts, deposits, capital

Detention of persons

Foreign and international banking

Iran

Licensing and registrations

Middle East

Presidents and presidential powers, Vice Presidents

Qatar

Sanctions

South Korea
Latest action: action_date: 2024-04-17
text: Motion to reconsider laid on the table Agreed to without objection.

Summaries:
action_date: 2023-10-12
action_desc: Introduced in House
text: <p>This bill terminates the presidential waiver of certain sanctions on Iran and the licenses issued by the Department of the Treasury that allowed for the transfer of previously blocked Iranian funds (namely, the approximately $6 billion of Iranian funds that the Biden Administration permitted to be transferred from restricted accounts in South Korea to restricted accounts in Qatar to facilitate the release of five U.S. citizens detained in Iran). Furthermore, the President may not exercise waiver authority related to certain accounts belonging to Iran.</p> <p />

tv_txt: I 118th CONGRESS 2d Session H. R. 5947 IN THE HOUSE OF REPRESENTATIVES AN ACT To provide for the rescission of certain waivers and licenses relating to Iran, and for other purposes.

1. Rescission of certain waivers and licenses (a) In general On the date of enactment of this Act, the following measures shall be terminated: (1) The waiver exercised on the pursuant to section 1245(d)(5) of the National Defense Authorization Act for Fiscal Year 2012 and sections 1244(i) and 1247(f) of the Iran Freedom and Counter-Proliferation Act of 2012 and transmitted to Congress on September 11, 2023, for the transfer of certain funds from the Republic of Korea to Qatar. (2) Any general or specific license issued by the Office of Foreign Assets Control at the Department of the Treasury directly or indirectly related to the funds cited in paragraph (1). (b) Limitation The President may not reissue any new waiver or license described in paragraph (1) or (2) of subsection (a) for the same or similar purposes. 2. Limitation of applicability of certain licenses Notwithstanding any other provision of law, on and after the date of the enactment of this Act, the President may not— (1) exercise the waiver authority described in section 1245(d)(5) of the National Defense Authorization Act for Fiscal Year 2012 and sections 1244(i) and 1247(f) of the Iran Freedom and Counter-Proliferation Act of 2012 permitting the Government of Iran or any Iranian person access to any account established or maintained pursuant to or in accordance with section 1245(d)(4)(D)(ii)(II) of the National Defense Authorization Act for Fiscal Year 2012; or (2) issue a general or specific license, frequently asked question, or any other licensing action or guidance permitting the Government of Iran or any Iranian person access to or to benefit directly or indirectly from any account established pursuant to or in accordance with any account described in 1245(d)(4)(D)(ii)(II) of the National Defense Authorization Act for Fiscal Year 2012.

Passed the House of Representatives April 17, 2024. Cheryl L. Johnson, Clerk.

tv_txt: I 118th CONGRESS 1st Session H. R. 5947 IN THE HOUSE OF REPRESENTATIVES October 12, 2023 Mr. Pfluger (for himself, Mr. Hern , Mr. Wilson of South Carolina , Mr. Gallagher , Mr. Alford , Mr. Allen , Mr. Banks , Mr. Barr , Mr. Bentz , Ms. Boebert , Mr. Williams of New York , Mr. Buchanan , Mr. Burchett , Mrs. Cammack , Mr. Carey , Mrs. Miller of West Virginia , Mr. Ciscomani , Mr. Cloud , Mr. Collins , Mr. Bishop of North Carolina , Mr. Donalds , Mr. Duarte , Mr. Duncan , Mr. Ellzey , Mr. Feenstra , Mr. Fitzpatrick , Mr. Fleischmann , Mr. Fry , Mr. Mike Garcia of California , Mr. Gimenez , Mr. Gooden of Texas , Mr. Griffith , Mr. Guest , Ms. Hageman , Mrs. Harshbarger , Mrs. Hinson , Mr. Jackson of Texas , Mr. Joyce of Pennsylvania , Mr. Kustoff , Mr. Langworthy , Mr. Mann , Mrs. Miller of Illinois , Mr. McClintock , Mr. Meuser , Mrs. Miller-Meeks , Mr. Moolenaar , Mr. Moore of Utah , Mr. Moran , Mr. Nehls , Mr. Norman , Mr. Nunn of Iowa , Mr. Ogles , Mr. Owens , Mr. Palmer , Mr. Pence , Mr. Reschenthaler , Mr. Rosendale , Mr. Roy , Mr. Rutherford , Mr. Santos , Mr. Self , Mr. Sessions , Mr. Smith of New Jersey , Mr. Stauber , Ms. Stefanik , Mr. Steube , Mr. Tiffany , Mr. Timmons , Mrs. Wagner , Mr. Weber of Texas , Mr. Webster of Florida , Mr. Westerman , Mr. Yakym , Mr. Zinke , Mr. Luttrell , Mr. Lamborn , Mr. Loudermilk , Mr. Walberg , Mr. Biggs , Mr. Brecheen , Mr. Waltz , Ms. Van Duyne , Mr. Ezell , Mr. Good of Virginia , Mr. Cline , Mr. Bilirakis , Mr. Crenshaw , Mr. Finstad , Mrs. Lesko , Mr. Graves of Missouri , Mr. Wenstrup , Mr. Burgess , Mr. Rose , Mr. Smith of Missouri , Ms. Salazar , Mr. Green of Tennessee , Mr. D'Esposito , Mr. Tony Gonzales of Texas , Mr. Hill , Mr. LaTurner , Ms. Letlow , Ms. Tenney , Mr. Crawford , Mr. Balderson , Mr. Bost , Ms. Greene of Georgia , and Mr. Rogers of Kentucky ) introduced the following bill October 25, 2023 Referred to the Committee on Foreign Affairs , and in addition to the Committees on Financial Services , Oversight and Accountability , and Ways and Means , 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 A BILL To provide for the rescission of certain waivers and licenses relating to Iran, and for other purposes.

1. Rescission of certain waivers and licenses (a) In general On the date of enactment of this Act, the following measures shall be terminated: (1) The waiver exercised on the pursuant to section 1245(d)(5) of the National Defense Authorization Act for Fiscal Year 2012 and sections 1244(i) and 1247(f) of the Iran Freedom and Counter-Proliferation Act of 2012 and transmitted to Congress on September 11, 2023, for the transfer of certain funds from the Republic of Korea to Qatar. (2) Any general or specific license issued by the Office of Foreign Assets Control at the Department of the Treasury directly or indirectly related to the funds cited in paragraph (1). (b) Limitation The President may not reissue any new waiver or license described in paragraph (1) or (2) of subsection (a) for the same or similar purposes. 2. Limitation of applicability of certain licenses Notwithstanding any other provision of law, on and after the date of the enactment of this Act, the President may not— (1) exercise the waiver authority described in section 1245(d)(5) of the National Defense Authorization Act for Fiscal Year 2012 and sections 1244(i) and 1247(f) of the Iran Freedom and Counter-Proliferation Act of 2012 permitting the Government of Iran or any Iranian person access to any account established or maintained pursuant to or in accordance with section 1245(d)(4)(D)(ii)(II) of the National Defense Authorization Act for Fiscal Year 2012; or (2) issue a general or specific license, frequently asked question, or any other licensing action or guidance permitting the Government of Iran or any Iranian person access to or to benefit directly or indirectly from any account established pursuant to or in accordance with any account described in 1245(d)(4)(D)(ii)(II) of the National Defense Authorization Act for Fiscal Year 2012.