No Carveouts for Terrorists Act

HR 7358, the "No Carveouts for Terrorists Act," blocks federal funding for the Treasury Department's Office of Foreign Assets Control (OFAC) to implement, administer, or enforce five specific general licenses (22-26) issued on January 17, 2024. These licenses relate to sanctions under the Global Terrorism Sanctions Regulations. The bill also requires any future OFAC general license concerning Ansarallah's designation as a terrorist to have explicit congressional approval before taking effect. This directly affects how Treasury implements sanctions against designated terrorist groups.