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Iran Counterterrorism Act of 2023

4/19/2024, 6:11 AM

Congressional Summary of HR 6323

Iran Counterterrorism Act of 2023

This bill modifies the authority of the President to waive restrictions on certain U.S. accounts of foreign financial institutions that have facilitated significant financial transactions on behalf of the Central Bank of Iran, certain Iranian financial institutions, or certain Iranian nationals.

Current law authorizes the President to waive these restrictions for national security purposes. Under this bill, the President may also waive the restrictions if the President determines that Iran has ceased to provide support for acts of international terrorism.

The bill also authorizes Congress to enact a joint resolution of disapproval to prevent the President from waiving the restrictions for national security purposes.

Read the Full Bill

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Current Status of Bill HR 6323

Bill HR 6323 is currently in the status of Bill Introduced since November 9, 2023. Bill HR 6323 was introduced during Congress 118 and was introduced to the House on November 9, 2023.  Bill HR 6323's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of April 18, 2024

Bipartisan Support of Bill HR 6323

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
4
Democrat Cosponsors
1
Republican Cosponsors
3
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6323

Primary Policy Focus

International Affairs

Potential Impact Areas

- Arms control and nonproliferation
- Congressional oversight
- Iran
- Legislative rules and procedure
- Middle East
- Presidents and presidential powers, Vice Presidents
- Sanctions
- Trade restrictions
- War and emergency powers

Alternate Title(s) of Bill HR 6323

Iran Counterterrorism Act of 2023
Iran Counterterrorism Act of 2023
To modify the availability of certain waiver authorities with respect to sanctions imposed with respect to the financial sector of Iran, and for other purposes.
Iran Counterterrorism Act of 2023

Comments

Sponsors and Cosponsors of HR 6323

Young Kim
Young Kim
CaliforniaRepublican
William R. Timmons IV
William R. Timmons IV
South CarolinaRepublican
Claudia Tenney
Claudia Tenney
New YorkRepublican
Jared Moskowitz
Jared Moskowitz
FloridaDemocrat
Vern Buchanan
Vern Buchanan
FloridaRepublican

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