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Iran Sanctions Enforcement Fund: Asset Seizure and Public Debt Reduction.

This law establishes a dedicated Iran Sanctions Enforcement Fund, financed by assets seized from Iran and its proxies (including terrorist groups), to strengthen the enforcement of US sanctions. The primary goal is to cut off funding for international terrorism and enhance national security. Crucially for citizens, any surplus money in the fund exceeding $500 million annually will be used to pay down the US public debt.
Key points
Creates the Iran Sanctions Enforcement Fund to finance investigations and seizures of property (like oil) linked to Iran and groups such as Hamas, Hezbollah, and the Houthis.
Financial surpluses from these seizures, exceeding $500 million annually, will be automatically transferred to reduce the United States public debt.
Formally establishes the Export Enforcement Coordination Center to improve cooperation among federal agencies enforcing export controls and sanctions.
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Expired
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Additional Information
Print number: 118_S_3197
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2023-11-01
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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

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_S_3197.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-11-01.

What are the main provisions?

Key points include:

  • Creates the Iran Sanctions Enforcement Fund to finance investigations and seizures of property (like oil) linked to Iran and groups such as Hamas, Hezbollah, and the Houthis.
  • Financial surpluses from these seizures, exceeding $500 million annually, will be automatically transferred to reduce the United States public debt.
  • Formally establishes the Export Enforcement Coordination Center to improve cooperation among federal agencies enforcing export controls and 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

Who is the primary sponsor?

The primary sponsor is Sen. Ernst, Joni [R-IA].

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 Courts and Law Economy