HR 6000 United States House · 118th Congress

Revoke Iranian Funding Act of 2023

The Revoke Iranian Funding Act of 2023 would cancel all existing U.S. licenses and exemptions allowing funds to be released to Iran for humanitarian purposes, including a $6 billion transfer from South Korea. It also rescinds a specific waiver issued in September 2023 that permitted such transfers. The bill requires the Treasury to submit a 30-day report to Congress detailing Iranian assets blocked by the U.S. and current sanctions exemptions related to Iran. This legislation directly restricts U.S. financial access for Iran and its designated entities, aiming to prevent funds from being diverted to support terrorism.

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

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No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Dec 17, 2024

Committee

Referred to the Subcommittee on Trade.

lower

Dec 5, 2024

Lower · Passed

Reported (Amended) by the Committee on Financial Services. H. Rept. 118-803, Part I.

lower

Nov 14, 2023

Introduced

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 37 - 13.

lower

Nov 14, 2023

Lower · Passed

Committee Consideration and Mark-up Session Held

lower

Oct 25, 2023

Committee

Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Oversight and Accountability, and Ways and Means, 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 · 15 co-sponsors