To provide for the rescission of certain waivers and licenses relating to Iran, and for other purposes.

HR 5947 terminates specific U.S. waivers and licenses related to Iran, ending a 2023 waiver that allowed funds transfer from South Korea to Qatar. It prohibits the Treasury Department from reissuing similar waivers or licenses for the same purpose and blocks the President from granting Iran access to certain designated financial accounts established under prior laws. The bill directly affects U.S. foreign policy implementation by restricting how Treasury handles Iran-related financial transactions. It enacts concrete policy changes by ending existing authorizations and preventing future approvals for Iran to access specific accounts.