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Revocation of Iran Fund Transfer Waivers

This bill aims to prevent Iran from accessing certain financial funds that could previously be transferred. It means the U.S. government is withdrawing prior permissions that allowed such transactions. While not directly impacting citizens' daily finances, it signals a stricter policy towards Iran, which could have broader geopolitical consequences.
Key points
Termination of specific fund transfers from South Korea to Qatar for Iran.
Prohibition on issuing new waivers for similar fund transfers to Iran in the future.
Restriction of Iran's access to bank accounts previously used for transfers.
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Status: Introduced
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Additional Information
Print number: 119_HR_2575
Sponsor: Rep. Pfluger, August [R-TX-11]
Process start date: 2025-04-01
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

To provide for the rescission of certain waivers and licenses relating to Iran, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2575.

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 2025-04-01.

What are the main provisions?

Key points include:

  • Termination of specific fund transfers from South Korea to Qatar for Iran.
  • Prohibition on issuing new waivers for similar fund transfers to Iran in the future.
  • Restriction of Iran's access to bank accounts previously used for transfers.
What is the specific legal status?

The current status is Introduced.

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 2025-12-22.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Security Economy