Bill 118 s 3049, also known as the Revoke Iranian Funding Act of 2023, is a piece of legislation introduced in the US Congress with the aim of cutting off funding to Iran. The bill seeks to revoke any financial assistance or support provided to Iran by the United States government.
The main purpose of this bill is to prevent Iran from using any funds received from the US for activities that may pose a threat to national security or stability in the region. This includes funding for terrorist organizations, nuclear weapons development, or any other activities that may be deemed harmful to US interests.
The bill outlines specific measures that will be taken to ensure that no funds are provided to Iran, including the establishment of strict monitoring and oversight mechanisms. It also calls for the imposition of sanctions on any individuals or entities found to be providing financial support to Iran.
Overall, the Revoke Iranian Funding Act of 2023 is aimed at tightening restrictions on financial assistance to Iran in order to prevent the country from engaging in activities that may harm US interests or pose a threat to national security.