S 3049
Revoke Iranian Funding Act of 2023
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Bill overview
This bill, the Revoke Iranian Funding Act of 2023, aims to freeze $6 billion in Iranian funds held in Qatar and restrict the government’s access to these resources. It rescinds existing licenses that have allowed for humanitarian aid to be provided to Iran, arguing that such funds can be used to support terrorism. The bill also rescinds a previous waiver determination and requires a report detailing Iranian assets and existing sanctions licenses to Congress. Ultimately, the goal is to limit Iran’s ability to finance terrorist activities, particularly in relation to groups like Hamas.
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