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Reinstating Iran Sanctions: Halting Financial Relief

This bill aims to reinstate previously lifted financial sanctions against Iran. This means any agreements allowing the transfer of funds or assets to Iran will be nullified, and further financial relief will be prohibited. While not directly impacting daily life for US citizens, this act could influence foreign policy and international relations.
Key points
All previously waived financial sanctions against Iran will be reinstated.
Further release of funds or assets to Iran, including those from prior agreements, will be prohibited.
The act seeks to freeze and halt any more alleviation of sanctions, potentially affecting regional stability.
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Additional Information
Print number: 118_HR_5945
Sponsor: Rep. Meuser, Daniel [R-PA-9]
Process start date: 2023-10-25