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Act to Freeze Iranian Funds and Combat Terrorism

This act aims to freeze Iranian funds involved in a hostage deal to prevent their use for terrorism financing. It imposes sanctions on foreign financial institutions that process these funds, potentially impacting international financial transactions. The act also emphasizes monitoring Iranian internet censorship and supporting free communication for Iranian citizens.
Key points
Freezing Iranian Funds: Financial assets previously intended for Iran under a hostage deal will be blocked to prevent their use by terrorist groups.
Sanctions on Banks: Foreign banks and financial institutions assisting Iran in accessing these frozen funds may face sanctions from the United States.
Support for Internet Freedom in Iran: The act mandates reporting on internet censorship in Iran and seeking ways to provide Iranians with communication tools to circumvent government surveillance.
No Terrorism Funding: No U.S. federal funds can be used to support Iran, aiming to limit its ability to finance terrorist groups.
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VOTING RESULTS
2023-11-30
72%
For 307
Against 119
Abstain 1
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_5961
Sponsor: Rep. McCaul, Michael T. [R-TX-10]
Process start date: 2023-10-25
Voting date: 2023-11-30
Meeting no: 1
Voting no: 687
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

No Funds for Iranian Terrorism Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5961.

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:

  • Freezing Iranian Funds: Financial assets previously intended for Iran under a hostage deal will be blocked to prevent their use by terrorist groups.
  • Sanctions on Banks: Foreign banks and financial institutions assisting Iran in accessing these frozen funds may face sanctions from the United States.
  • Support for Internet Freedom in Iran: The act mandates reporting on internet censorship in Iran and seeking ways to provide Iranians with communication tools to circumvent government surveillance.
  • No Terrorism Funding: No U.S. federal funds can be used to support Iran, aiming to limit its ability to finance terrorist groups.
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. McCaul, Michael T. [R-TX-10].

What is the latest detailed status?

The latest detailed status is: On passage Passed by the Yeas and Nays: 307 - 119, 1 Present (Roll no. 687).

Is this summary verified?

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

CATEGORIES

Security Economy