No Funds for Iran-Backed Terror Act
HR 5994, the "No Funds for Iran-Backed Terror Act," requires the President to fully enforce existing oil sanctions against Iran by maximizing use of authorities targeting Iranian petroleum purchases. It mandates monthly certifications to Congress on sanctionable entities linked to Iranian oil transfers and cancels previous waivers allowing access to funds held in South Korea and Iraq related to Iranian oil revenues. The bill also blocks Iran's access to International Monetary Fund Special Drawing Rights by directing U.S. representatives to prevent Iran from using these financial instruments. These measures remain in effect until the President certifies Iran has ended funding terrorism, pursuing nuclear weapons, and supporting Russia's war in Ukraine.
Bill status
in committee
1 of 4 stages cleared
Introduction
Oct 2023
Committee Review
Floor Vote
President
Introduced Oct 19, 2023
Last action Dec 17, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Dec 17, 2024
Committee
Referred to the Subcommittee on Trade.
lower
Oct 25, 2023
Committee
Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, and Oversight and Accountability, 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 19, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Darrell Issa
RRepublican
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