S3049-118

Introduced

To freeze $6,000,000,000 of Iranian funds held in Qatar, and for other purposes.

118th Congress Introduced Oct 17, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To freeze $6,000,000,000 of Iranian funds held in Qatar, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients. The main policy domain is Foreign Policy, Government Operations, Finance.

Who Benefits and How

foreign governments, international partners, and aid recipients may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, foreign governments, international partners, and aid recipients may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section S1: 1. Short title This Act may be cited as the Revoke Iranian Funding Act of 2023.
  • Section idd5fe710834cc4e08b767705499747c18: 2. Sense of Congress It is the sense of Congress that— Iran, as documented by the report of the Department of State entitled, Country Reports on Terrorism...
  • Section idb4c14326ea534566aabe9c83be24ea4c: 3. Rescission of license authority with respect to Iranian accounts in Qatar Effective on the date of the enactment of this Act— the Secretary of the Treasury...
  • Section id8527016a3f244aa39b177fdb174b9ca4: 4. Rescission of waiver determination issued on September 8, 2023 Effective on the date of the enactment of this Act, the waiver determination issued by the...
  • Section id32dac5c9b181487fbd7196e6f7c8ccec: 5. Report and briefing on Iranian assets and licenses Not later than 30 days after the date of the enactment of this Act, the Secretary of the Treasury shall...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To freeze $6,000,000,000 of Iranian funds held in Qatar, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.

Key Policy Areas

Foreign Policy, Government Operations, Finance

Primary Purpose

This bill, To freeze $6,000,000,000 of Iranian funds held in Qatar, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.

Policy Domains

Foreign Policy Government Operations Finance

Whole bill

Identified Gains
  • foreign governments, international partners, and aid recipients
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foreign governments, international partners, and aid recipients: , ,
Identified Costs
  • federal implementing agencies
  • foreign governments, international partners, and aid recipients
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: is
federal implementing agencies: , ,
foreign governments, international partners, and aid recipients: , ,

Legislative Progress

Introduced
Introduced Committee Passed
Oct 17, 2023

Mr. Scott of South Carolina (for himself, Mr. Crapo, Mr. …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Foreign Policy Government Operations Finance
Actor Mappings
"secretary_of_treasury"
→ Secretary of the Treasury

Key Definitions

Terms defined in this bill

1 term
"covered waiver authority" §idc3ce123d2ea44395bbd1f33640326bb8

the authority to issue a waiver of the requirement to impose sanctions under— section 1245(d)(5) of the National Defense Authorization Act for Fiscal Year 2012 (22 U.S.C. 8513a(d)(5))

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology