House Bill 5961 - No Funds for Iranian Terrorism Act

Purpose and Summary

Chamber: House

Introduced date: 2023-10-16

Recent Activity

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Alternative Names

No Funds for Iranian Terrorism Act

No Funds for Iranian Terrorism Act

No Funds for Iranian Terrorism Act

No Funds for Iranian Terrorism Act

To freeze certain Iranian funds involved in the 2023 hostage deal between the United States and Iran, and for other purposes.

Associated Legislation

Providing for consideration of the bill (H.R. 5893) making appropriations for the Departments of Commerce and Justice, Science, and Related Agencies for the fiscal year ending September 30, 2024, and for other purposes, and providing for consideration of the bill (H.R. 5961) to freeze certain Iranian funds involved in the 2023 hostage deal between the United States and Iran, and for other purposes.

Providing for consideration of the bill (H.R. 5283) to prohibit the use of Federal funds to provide housing to specified aliens on any land under the administrative jurisdiction of the Federal land management agencies; providing for consideration of the bill (H.R. 5961) to freeze certain Iranian funds involved in the 2023 hostage deal between the United States and Iran, and for other purposes; and providing for consideration of the joint resolution (S. J. Res. 32) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)".

Policy Areas

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Potential Impact

Asia

Bank accounts, deposits, capital

Banking and financial institutions regulation

Congressional oversight

Detention of persons

Foreign and international banking

Foreign property

International Affairs

Iran

Middle East

Presidents and presidential powers, Vice Presidents

Qatar

Sanctions

South Korea

Sponsors and Supporters

Rep. McCaul, Michael T. [R-TX-10]

Cosponsors and Supporters

Rep. Scalise, Steve [R-LA-1]

Rep. Stefanik, Elise M. [R-NY-21]

Rep. Wilson, Joe [R-SC-2]

Rep. McMorris Rodgers, Cathy [R-WA-5]

Rep. Barr, Andy [R-KY-6]

Rep. Burchett, Tim [R-TN-2]

Rep. Wagner, Ann [R-MO-2]

Rep. Salazar, Maria Elvira [R-FL-27]

Rep. Kean, Thomas H. [R-NJ-7]

Rep. Baird, James R. [R-IN-4]

Rep. Smith, Christopher H. [R-NJ-4]

Rep. Issa, Darrell E. [R-CA-48]

Rep. Moran, Nathaniel [R-TX-1]

Rep. James, John [R-MI-10]

Rep. Waltz, Michael [R-FL-6]

Rep. Self, Keith [R-TX-3]

Del. Radewagen, Aumua Amata Coleman [R-AS-At Large]

Rep. Mast, Brian J. [R-FL-21]

Rep. McCormick, Richard [R-GA-6]

Rep. Kim, Young [R-CA-40]

Rep. Buck, Ken [R-CO-4]

Rep. Mills, Cory [R-FL-7]

Rep. Huizenga, Bill [R-MI-4]

Rep. Jackson, Ronny [R-TX-13]

Rep. Lawler, Michael [R-NY-17]

Resident Commissioner González-Colón, Jenniffer [R-PR-At Large]

Rep. Green, Mark E. [R-TN-7]

Rep. Johnson, Dusty [R-SD-At Large]

Rep. Kiley, Kevin [R-CA-3]

Rep. Moolenaar, John R. [R-MI-2]

Rep. Fitzpatrick, Brian K. [R-PA-1]

Rep. De La Cruz, Monica [R-TX-15]

Rep. Houchin, Erin [R-IN-9]

Rep. Guthrie, Brett [R-KY-2]

Committees and Subcommittees

Foreign Relations Committee

Financial Services Committee

Foreign Affairs Committee

Variations and Revisions

Erin HouchinKeith SelfMonica De La Cruz

No Funds for Iranian Terrorism Act

12/15/2023, 4:03 PM

No Funds for Iranian Terrorism Act

This bill requires the President to impose property-blocking sanctions on foreign financial institutions and international financial institutions that process, participate in, or facilit...

Congress
118

Number
HR - 5961

Introduced on
2023-10-16

# Amendments
12

Sponsors
+5

Cosponsors
+5

Variations and Revisions

12/4/2023

Status of Legislation

Bill Introduced
Introduced to House
Passed in House
Introduced to Senate
Senate to Vote

Purpose and Summary

No Funds for Iranian Terrorism Act

This bill requires the President to impose property-blocking sanctions on foreign financial institutions and international financial institutions that process, participate in, or facilit...

Alternative Names
Official Title as IntroducedTo freeze certain Iranian funds involved in the 2023 hostage deal between the United States and Iran, and for other purposes.

Potential Impact
Asia
Bank accounts, deposits, capital
Banking and financial institutions regulation
Congressional oversight
Detention of persons
Foreign and international banking
Foreign property
International Affairs
Iran
Middle East
Presidents and presidential powers, Vice Presidents
Qatar
Sanctions
South Korea

Comments

Recent Activity

Latest Summary12/1/2023

No Funds for Iranian Terrorism Act

This bill requires the President to impose property-blocking sanctions on foreign financial institutions and international financial institutions that process, participate in, or facilit...


Latest Action12/4/2023
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.