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Revoke Iranian Funding Act of 2023

4/10/2024, 5:29 PM

Summary of Bill S 3049

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.

Current Status of Bill S 3049

Bill S 3049 is currently in the status of Bill Introduced since October 17, 2023. Bill S 3049 was introduced during Congress 118 and was introduced to the Senate on October 17, 2023.  Bill S 3049's most recent activity was Committee on Banking, Housing, and Urban Affairs. Hearings held. as of April 9, 2024

Bipartisan Support of Bill S 3049

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
56
Democrat Cosponsors
2
Republican Cosponsors
52
Unaffiliated Cosponsors
2

Policy Area and Potential Impact of Bill S 3049

Primary Policy Focus

International Affairs

Alternate Title(s) of Bill S 3049

Revoke Iranian Funding Act of 2023
Revoke Iranian Funding Act of 2023
A bill to freeze $6,000,000,000 of Iranian funds held in Qatar, and for other purposes.
A bill to freeze $6,000,000,000 of Iranian funds held in Qatar, and for other purposes.

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