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Fortify Israel Act: Frozen Iranian Assets for Compensation

This act aims to prevent the release of frozen Iranian assets until Israel receives full compensation for damages. It also allows for the confiscation of Iranian assets in the U.S. to fund defense assistance for Israel. Citizens may observe that the act influences foreign policy and international relations, but it does not directly impact their daily lives.
Key points
Frozen Iranian assets will not be released until Israel receives compensation for damages.
The U.S. President can confiscate Iranian assets in the U.S. and use them for defense aid to Israel.
The act requires Congress to be notified before any Iranian assets are released, with Congress having the power to block the decision.
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Status:
Expired
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Additional Information
Print number: 118_HR_5932
Sponsor: Rep. Schweikert, David [R-AZ-1]
Process start date: 2023-10-25