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

This bill terminates the presidential waiver of certain sanctions on Iran and the licenses issued by the Department of the Treasury that allowed for the transfer of previously blocked Iranian funds (namely, the approximately $6 billion of Iranian funds that the Biden Administration permitted to be transferred from restricted accounts in South Korea to restricted accounts in Qatar to facilitate the release of five U.S. citizens detained in Iran). Furthermore, the President may not exercise waiver authority related to certain accounts belonging to Iran.

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5947 Introduced in House (IH)]

<DOC>






118th CONGRESS
  1st Session
                                H. R. 5947

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 12, 2023

 Mr. Pfluger (for himself, Mr. Hern, Mr. Wilson of South Carolina, Mr. 
 Gallagher, Mr. Alford, Mr. Allen, Mr. Banks, Mr. Barr, Mr. Bentz, Ms. 
  Boebert, Mr. Williams of New York, Mr. Buchanan, Mr. Burchett, Mrs. 
 Cammack, Mr. Carey, Mrs. Miller of West Virginia, Mr. Ciscomani, Mr. 
  Cloud, Mr. Collins, Mr. Bishop of North Carolina, Mr. Donalds, Mr. 
  Duarte, Mr. Duncan, Mr. Ellzey, Mr. Feenstra, Mr. Fitzpatrick, Mr. 
 Fleischmann, Mr. Fry, Mr. Mike Garcia of California, Mr. Gimenez, Mr. 
      Gooden of Texas, Mr. Griffith, Mr. Guest, Ms. Hageman, Mrs. 
     Harshbarger, Mrs. Hinson, Mr. Jackson of Texas, Mr. Joyce of 
  Pennsylvania, Mr. Kustoff, Mr. Langworthy, Mr. Mann, Mrs. Miller of 
Illinois, Mr. McClintock, Mr. Meuser, Mrs. Miller-Meeks, Mr. Moolenaar, 
Mr. Moore of Utah, Mr. Moran, Mr. Nehls, Mr. Norman, Mr. Nunn of Iowa, 
  Mr. Ogles, Mr. Owens, Mr. Palmer, Mr. Pence, Mr. Reschenthaler, Mr. 
Rosendale, Mr. Roy, Mr. Rutherford, Mr. Santos, Mr. Self, Mr. Sessions, 
  Mr. Smith of New Jersey, Mr. Stauber, Ms. Stefanik, Mr. Steube, Mr. 
 Tiffany, Mr. Timmons, Mrs. Wagner, Mr. Weber of Texas, Mr. Webster of 
    Florida, Mr. Westerman, Mr. Yakym, Mr. Zinke, Mr. Luttrell, Mr. 
  Lamborn, Mr. Loudermilk, Mr. Walberg, Mr. Biggs, Mr. Brecheen, Mr. 
 Waltz, Ms. Van Duyne, Mr. Ezell, Mr. Good of Virginia, Mr. Cline, Mr. 
    Bilirakis, Mr. Crenshaw, Mr. Finstad, Mrs. Lesko, Mr. Graves of 
 Missouri, Mr. Wenstrup, Mr. Burgess, Mr. Rose, Mr. Smith of Missouri, 
Ms. Salazar, Mr. Green of Tennessee, Mr. D'Esposito, Mr. Tony Gonzales 
of Texas, Mr. Hill, Mr. LaTurner, Ms. Letlow, Ms. Tenney, Mr. Crawford, 
   Mr. Balderson, Mr. Bost, Ms. Greene of Georgia, and Mr. Rogers of 
                Kentucky) introduced the following bill

                            October 25, 2023

 Referred to the Committee on Foreign Affairs, and in addition to the 
  Committees on Financial Services, Oversight and Accountability, and 
   Ways and Means, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


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

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. RESCISSION OF CERTAIN WAIVERS AND LICENSES.

    (a) In General.--On the date of enactment of this Act, the 
following measures shall be terminated:
            (1) The waiver exercised on the pursuant to section 
        1245(d)(5) of the National Defense Authorization Act for Fiscal 
        Year 2012 and sections 1244(i) and 1247(f) of the Iran Freedom 
        and Counter-Proliferation Act of 2012 and transmitted to 
        Congress on September 11, 2023, for the transfer of certain 
        funds from the Republic of Korea to Qatar.
            (2) Any general or specific license issued by the Office of 
        Foreign Assets Control at the Department of the Treasury 
        directly or indirectly related to the funds cited in paragraph 
        (1).
    (b) Limitation.--The President may not reissue any new waiver or 
license described in paragraph (1) or (2) of subsection (a) for the 
same or similar purposes.

SEC. 2. LIMITATION OF APPLICABILITY OF CERTAIN LICENSES.

    Notwithstanding any other provision of law, on and after the date 
of the enactment of this Act, the President may not--
            (1) exercise the waiver authority described in section 
        1245(d)(5) of the National Defense Authorization Act for Fiscal 
        Year 2012 and sections 1244(i) and 1247(f) of the Iran Freedom 
        and Counter-Proliferation Act of 2012 permitting the Government 
        of Iran or any Iranian person access to any account established 
        or maintained pursuant to or in accordance with section 
        1245(d)(4)(D)(ii)(II) of the National Defense Authorization Act 
        for Fiscal Year 2012; or
            (2) issue a general or specific license, frequently asked 
        question, or any other licensing action or guidance permitting 
        the Government of Iran or any Iranian person access to or to 
        benefit directly or indirectly from any account established 
        pursuant to or in accordance with any account described in 
        1245(d)(4)(D)(ii)(II) of the National Defense Authorization Act 
        for Fiscal Year 2012.
                                 <all>