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

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2575 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 2575

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 1, 2025

Mr. Pfluger (for himself, Mr. Nunn of Iowa, Mr. Van Drew, Mr. Edwards, 
   Mr. Bilirakis, Mr. Latta, Mr. Cline, Mr. Steil, Mrs. Wagner, Mr. 
Fallon, Mr. Schmidt, Mr. Begich, Mr. Messmer, Mr. Kustoff, Ms. Tenney, 
 Mr. McGuire, and Mr. Goldman of Texas) introduced the following bill; 
which was referred to the Committee on Foreign Affairs, and in addition 
to the Committees on Financial Services, Ways and Means, and Oversight 
 and Government Reform, 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.
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