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Revoking Iran Sanctions Waiver: Restoring Economic Restrictions.

This bill aims to immediately restore economic sanctions against Iran by nullifying a specific waiver determination issued by the Secretary of State in September 2023, which had temporarily lifted certain restrictions. While primarily a foreign policy measure, its enactment could indirectly affect international market stability and energy prices. Citizens might feel indirect effects related to the global economy and security.
Key points
Immediate reinstatement of full economic sanctions previously imposed on Iran that were temporarily suspended.
Nullification of the September 2023 government decision that allowed for certain exceptions to existing restrictions.
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Additional Information
Print number: 118_S_3061
Sponsor: Sen. Marshall, Roger [R-KS]
Process start date: 2023-10-17