To maintain in effect certain sanctions imposed with respect to Iraq in the event of a termination of the applicable declared national emergency, and for other purposes.

This bill prevents U.S. sanctions against Iraq-related individuals from being lifted if the national emergency related to Iraq ends. It requires that people listed on the Treasury's sanctions list (under Iraq programs) stay on the list and that existing sanctions cannot be waived solely due to the emergency's termination. The bill directly affects individuals and entities already subject to these sanctions. It ensures current sanctions remain in place regardless of changes to the emergency status.