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Iran Funds Access Terminated: New Financial Restrictions Enacted.

This act revokes previous waivers allowing the transfer of funds from South Korea to Qatar for Iran and prohibits future access to certain frozen funds. This signifies a tightening of financial policy towards Iran, potentially impacting international stability and diplomatic relations, though the direct impact on the daily lives of U.S. citizens is indirect.
Key points
Termination of the ability to transfer specific funds from South Korea to Qatar, which were intended for Iran.
Prohibition of issuing new waivers or licenses that would grant Iran access to these or similar funds in the future.
Restriction of access for the Government of Iran or Iranian persons to specific financial accounts, strengthening sanctions.
article Official text account_balance Process page
VOTING RESULTS
2024-04-17
62%
For 259
Against 160
Abstain 0
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_5947
Sponsor: Rep. Pfluger, August [R-TX-11]
Process start date: 2023-10-25
Voting date: 2024-04-17
Meeting no: 2
Voting no: 139
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To provide for the rescission of certain waivers and licenses relating to Iran, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5947.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-10-25.

What are the main provisions?

Key points include:

  • Termination of the ability to transfer specific funds from South Korea to Qatar, which were intended for Iran.
  • Prohibition of issuing new waivers or licenses that would grant Iran access to these or similar funds in the future.
  • Restriction of access for the Government of Iran or Iranian persons to specific financial accounts, strengthening sanctions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Pfluger, August [R-TX-11].

What is the latest detailed status?

The latest detailed status is: On passage Passed by the Yeas and Nays: 259 - 160 (Roll no. 139). (text: CR H2476-2477)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Security