STOP Iran Act of 2023

Sanctioning Transfers and Outbound Products to Iran Act of 2023 or the STOP Iran Act of 2023

This bill mandates that the Department of Commerce require a license for the export, reexport, or in-country transfer of emerging and foundational technologies to certain Iranian persons. (Generally, such technologies are those identified by a federal interagency process to be essential to U.S. national security.)

The Iranian persons subject to this bill are Iranian individuals or entities that are subject to U.S. sanctions and provide support to certain organizations, including (1) the Islamic Revolutionary Guard Corps and the Armed Forces of Iran, (2) any organization designated as a foreign terrorist organization, and (3) any entity engaged in hostilities with a partner or ally of the United States.

The STOP Iran Act of 2023, also known as Bill 118 s 450, is a piece of legislation introduced in the US Congress with the aim of addressing concerns related to Iran's nuclear program and its support for terrorism. The bill seeks to impose additional sanctions on Iran in response to its continued nuclear activities and support for terrorist organizations.

Specifically, the STOP Iran Act of 2023 includes provisions that would target individuals and entities involved in Iran's nuclear program, as well as those providing support to terrorist groups such as Hezbollah and Hamas. The bill also calls for the imposition of sanctions on Iran's ballistic missile program and human rights abuses.

In addition to imposing new sanctions, the STOP Iran Act of 2023 also includes measures aimed at increasing oversight of Iran's compliance with international agreements related to its nuclear program. This includes requiring regular reports to Congress on Iran's nuclear activities and the implementation of mechanisms to verify Iran's compliance. Overall, the STOP Iran Act of 2023 represents a bipartisan effort to address the ongoing challenges posed by Iran's nuclear program and support for terrorism. Supporters of the bill argue that it is necessary to hold Iran accountable for its actions and prevent further destabilization in the region. Critics, however, have raised concerns about the potential impact of additional sanctions on diplomatic efforts with Iran and the potential for escalation of tensions in the region.