119-HR2575
To provide for the rescission of certain waivers and licenses relating to Iran, and for other purposes.
Last action was on 4-1-2025
SenateCurrent status is Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, and Oversight and Government Reform, 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.
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119th CONGRESS
1st Session
H. R. 2575
1. Rescission of certain waivers and licenses2. Limitation of applicability of certain licenses1. Rescission of certain waivers and licenses
(a) In general - On the date of enactment of this Act, the following measures shall be terminated:
(1) - The waiver exercised on the pursuant to section 1245(d)(5) of the National Defense Authorization Act for Fiscal Year 2012 and sections 1244(i) and 1247(f) of the Iran Freedom and Counter-Proliferation Act of 2012 and transmitted to Congress on September 11, 2023, for the transfer of certain funds from the Republic of Korea to Qatar.
(2) - Any general or specific license issued by the Office of Foreign Assets Control at the Department of the Treasury directly or indirectly related to the funds cited in paragraph (1).
(b) Limitation - The President may not reissue any new waiver or license described in paragraph (1) or (2) of subsection (a) for the same or similar purposes.
2. Limitation of applicability of certain licenses
Notwithstanding any other provision of law, on and after the date of the enactment of this Act, the President may not—
(1) - exercise the waiver authority described in section 1245(d)(5) of the National Defense Authorization Act for Fiscal Year 2012 and sections 1244(i) and 1247(f) of the Iran Freedom and Counter-Proliferation Act of 2012 permitting the Government of Iran or any Iranian person access to any account established or maintained pursuant to or in accordance with section 1245(d)(4)(D)(ii)(II) of the National Defense Authorization Act for Fiscal Year 2012; or
(2) - issue a general or specific license, frequently asked question, or any other licensing action or guidance permitting the Government of Iran or any Iranian person access to or to benefit directly or indirectly from any account established pursuant to or in accordance with any account described in 1245(d)(4)(D)(ii)(II) of the National Defense Authorization Act for Fiscal Year 2012.