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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.
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62%
VOTING RESULTS
2024-04-17
For 259
Against 160
Abstain 0
Full voting results open_in_new
gavel
Status:
Expired
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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
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Security