Iran Sanctions Relief Review Act of 2023

HR 4691 requires the President to submit detailed reports to Congress before terminating Iran sanctions, waiving sanctions for specific individuals, or making significant changes to U.S. foreign policy toward Iran through licensing actions. Congress then has 30 days (or 60 days for reports submitted between July 10 and September 7) to review these reports, during which the President cannot implement the proposed action without congressional approval. If Congress passes a joint resolution of disapproval, the President cannot proceed with the action for 12 days after the resolution passes, or 10 days after a presidential veto. This bill applies to actions involving sanctions under multiple laws, including the Iran Sanctions Act of 1996 and the Comprehensive Iran Sanctions Act of 2010. It does not change the sanctions themselves but establishes a formal review process for executive branch decisions affecting them.