No Funds for Iranian Terrorism Act
12/15/2023, 4:03 PMCongressional Summary of HR 5961
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 facilitate a transaction involving certain 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).
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Current Status of Bill HR 5961
Bill HR 5961 is currently in the status of Bill Introduced since October 16, 2023. Bill HR 5961 was introduced during Congress 118 and was introduced to the House on October 16, 2023. Bill HR 5961's most recent activity was Received in the Senate and Read twice and referred to the Committee on Foreign Relations. as of December 4, 2023Bipartisan Support of Bill HR 5961
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
34Democrat Cosponsors
0Republican Cosponsors
34Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5961
Primary Policy Focus
Potential Impact Areas
AsiaBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightDetention of personsForeign and international bankingForeign propertyInternational AffairsIranMiddle EastPresidents and presidential powers, Vice PresidentsQatarSanctionsSouth KoreaAlternate Title(s) of Bill HR 5961
No Funds for Iranian Terrorism ActNo Funds for Iranian Terrorism ActNo Funds for Iranian Terrorism ActNo Funds for Iranian Terrorism ActTo freeze certain Iranian funds involved in the 2023 hostage deal between the United States and Iran, and for other purposes.Comments
Most relevant
Sponsors and Cosponsors of HR 5961
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