No Sanctions Relief for Terrorists Act

HR 2468, the "No Sanctions Relief for Terrorists Act," prohibits the U.S. government from granting licenses or waivers for transactions involving Iranian individuals and entities listed under Treasury sanctions as of January 20, 2021, unless the President certifies to specific congressional committees that they have ceased terrorist activity. It directly affects U.S. agencies like the Treasury's Office of Foreign Assets Control (OFAC) and any entities seeking to conduct business with those designated Iranian persons. The bill requires the President to certify to the House Foreign Affairs and Financial Services Committees and the Senate Foreign Relations and Banking Committees before sanctions relief can be granted. This law does not change existing general licenses for these transactions that were in place as of January 20, 2021.