A resolution asking that the assets owned by the Islamic Republic of Iran within the jurisdiction of the United States be seized in payment of debts owed by the Islamic Republic of Iran to the United States of America; in reparation for damages to United States property under the protection of the Islamic Republic of Iran, and for compensation to American citizens illegally held hostage by agents of the government of the Islamic Republic of Iran.

Expresses the sense of the House of Representatives that the President should direct the Secretaries of State and the Treasury to establish all debts owed by Iran to the people of the United States and secure the payment of such debts by attachment or other legal action against Iranian assets in the United States. Declares that remaining Iranian assets in the United States should be seized in reparation for damages to U.S. property and for compensation to U.S. citizens held hostage in Iran.