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Iran Sanctions Enforcement: Funding Seizures and Reducing US Public Debt.

This law establishes a dedicated fund to finance law enforcement efforts aimed at seizing assets and property linked to violations of US sanctions by Iran and its proxies, such as Hamas or Hezbollah. The goal is to disrupt terrorist financing and enhance national security. Crucially for citizens, any surplus funds exceeding $500 million will be directed toward paying down the United States public debt.
Key points
Creation of the Iran Sanctions Enforcement Fund (ISEF) to cover costs related to investigations and forfeitures of property funding Iranian proxies and activities against US citizens.
Funds recovered from seizures that exceed $500 million will be transferred to the Treasury to reduce the US public debt, providing an indirect financial benefit.
Formal codification of the Export Enforcement Coordination Center (EECC) to improve federal agency cooperation on export control enforcement and prevent illegal trade.
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Expired
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Additional Information
Print number: 118_HR_6201
Sponsor: Rep. Pfluger, August [R-TX-11]
Process start date: 2023-11-02
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Iranian Sanctions Enforcement Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6201.

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 2023-11-02.

What are the main provisions?

Key points include:

  • Creation of the Iran Sanctions Enforcement Fund (ISEF) to cover costs related to investigations and forfeitures of property funding Iranian proxies and activities against US citizens.
  • Funds recovered from seizures that exceed $500 million will be transferred to the Treasury to reduce the US public debt, providing an indirect financial benefit.
  • Formal codification of the Export Enforcement Coordination Center (EECC) to improve federal agency cooperation on export control enforcement and prevent illegal trade.
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

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: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Security Economy