Fortify Israel Act
This bill prohibits the release of Iranian assets blocked by the U.S. Treasury until the President certifies two conditions: (1) hostilities between Israel and Hamas/Iran-backed groups have ended, and (2) Israel has received full compensation for harms or Iran is participating in a verified international compensation mechanism. It requires the President to notify Congress 30 days before releasing any such asset and allows Congress to block the release via a joint resolution within 30 days. The bill also authorizes the President to confiscate Iranian assets held in the U.S., deposit the funds into a special account, and use those funds to procure defense articles/services for Israel. These provisions aim to leverage frozen Iranian assets to support Israel's defense needs while establishing specific procedural safeguards for asset management.
Bill status
in committee
1 of 4 stages cleared
Introduction
Oct 2023
Committee Review
Floor Vote
President
Introduced Oct 11, 2023
Last action Oct 25, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Oct 25, 2023
Committee
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Rules, 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.
lower
Oct 11, 2023
Introduced
Introduced in House
lower
1 primary · 19 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
David Schweikert
RRepublican
Co
Brian Babin
RRepublican
Co
Brian K. Fitzpatrick
RRepublican
Co
Byron Donalds
RRepublican
Co
Carlos A. Gimenez
RRepublican
Co
Chuck Edwards
RRepublican
Co
Clay Higgins
RRepublican
Co
Dan Crenshaw
RRepublican
Co
David Kustoff
RRepublican
Co
Gregory F. Murphy
RRepublican
Co
Keith Self
RRepublican
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