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Fortify Israel Act: Confiscating Iranian Assets for Military Aid.

This bill aims to redirect blocked and confiscated Iranian assets to provide military assistance to Israel. It prohibits the release of these assets until hostilities cease and Israel receives full compensation for damages. The funds are specifically authorized for the procurement of defense articles and services for Israel, establishing a dedicated funding mechanism for foreign aid.
Key points
Iranian Asset Freeze: Blocked Iranian assets cannot be released until hostilities cease and Israel is fully compensated or Iran enters a compensation agreement.
Confiscation Authority: The President is mandated to confiscate Iranian assets under U.S. jurisdiction and deposit the proceeds into a new, non-interest-bearing fund.
Use of Funds: Money in the new fund is designated exclusively for purchasing defense equipment and services for Israel.
Congressional Oversight: Congress retains the power to block the release of any previously blocked Iranian assets through a joint resolution of disapproval.
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Expired
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Additional Information
Print number: 118_S_3081
Sponsor: Sen. Daines, Steve [R-MT]
Process start date: 2023-10-18
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Fortify Israel Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3081.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-10-18.

What are the main provisions?

Key points include:

  • Iranian Asset Freeze: Blocked Iranian assets cannot be released until hostilities cease and Israel is fully compensated or Iran enters a compensation agreement.
  • Confiscation Authority: The President is mandated to confiscate Iranian assets under U.S. jurisdiction and deposit the proceeds into a new, non-interest-bearing fund.
  • Use of Funds: Money in the new fund is designated exclusively for purchasing defense equipment and services for Israel.
  • Congressional Oversight: Congress retains the power to block the release of any previously blocked Iranian assets through a joint resolution of disapproval.
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 Sen. Daines, Steve [R-MT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Security Economy