HR 5961 · 118th Congress · International Affairs

No Funds for Iranian Terrorism Act

Introduced 2023-10-16· Sponsored by Rep. McCaul, Michael T. [R-TX-10]· House

Bill Progress

1
Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.(2023-12-04)

Recorded Votes

PassedHouse · 2023-11-30
Roll #687
Yea 307Nay 119
Democrats
90 Yea·118 Nay
Republicans
217 Yea·1 Nay
PassedHouse · 2023-11-30
Roll #687
Yea 307Nay 119
Democrats
90 Yea·118 Nay
Republicans
217 Yea·1 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] No Funds for Iranian Terrorism Act This bill requires the President to impose property-blocking sanctions on foreign financial institutions and international financial institutions that process, participate in, or facilitate a transaction involving certain 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).…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 5961, No Funds for Iranian Terrorism Act

Nov 8, 2023

As ordered reported by the House Committee on Foreign Affairs on November 7, 2023

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (20)

20 Republicans