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To provide for the rescission of certain waivers and licenses relating to Iran, and for other purposes.
To provide for the rescission of certain waivers and licenses relating to Iran, and for other purposes.
Summary
This bill terminates a waiver issued in September 2023 that allowed the transfer of certain funds from South Korea to Qatar related to Iran sanctions. The bill also revokes any licenses issued by the Treasury Department's Office of Foreign Assets Control related to those funds. The bill prohibits the President from issuing new waivers or licenses for the same or similar purposes, and prevents the President from granting Iran or Iranian entities access to or use of accounts established under the cited federal law. These provisions are effective upon enactment of the bill.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
22 cosponsors
- Rep. Baumgartner, Michael [R-WA-5] (R-WA)
- Rep. Begich, Nicholas [R-AK-At Large] (R-AK)
- Rep. Biggs, Sheri [R-SC-3] (R-SC)
- Rep. Bilirakis, Gus M. [R-FL-12] (R-FL)
- Rep. Cline, Ben [R-VA-6] (R-VA)
- Rep. Edwards, Chuck [R-NC-11] (R-NC)
- Rep. Fallon, Pat [R-TX-4] (R-TX)
- Rep. Goldman, Craig [R-TX-12] (R-TX)
- Rep. Hamadeh, Abraham [R-AZ-8] (R-AZ)
- Rep. Kustoff, David [R-TN-8] (R-TN)
- Rep. Latta, Robert E. [R-OH-5] (R-OH)
- Rep. Loudermilk, Barry [R-GA-11] (R-GA)
- Rep. McGuire, John [R-VA-5] (R-VA)
- Rep. Messmer, Mark [R-IN-8] (R-IN)
- Rep. Nunn, Zachary [R-IA-3] (R-IA)
- Rep. Schmidt, Derek [R-KS-2] (R-KS)
- Rep. Stefanik, Elise M. [R-NY-21] (R-NY)
- Rep. Steil, Bryan [R-WI-1] (R-WI)
- Rep. Tenney, Claudia [R-NY-24] (R-NY)
- Rep. Van Drew, Jefferson [R-NJ-2] (R-NJ)
- Rep. Wagner, Ann [R-MO-2] (R-MO)
- Rep. Williams, Roger [R-TX-25] (R-TX)
Money behind the sponsor
Top reported contributors to August Pfluger’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for August Pfluger → · Outside spending →
Actions (2)
- Apr 1, 2025 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. · house
- Apr 1, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
April 1, 2025
Mr. Pfluger (for himself, Mr. Nunn of Iowa, Mr. Van Drew, Mr. Edwards, Mr. Bilirakis, Mr. Latta, Mr. Cline, Mr. Steil, Mrs. Wagner, Mr. Fallon, Mr. Schmidt, Mr. Begich, Mr. Messmer, Mr. Kustoff, Ms. Tenney, Mr. McGuire, and Mr. Goldman of Texas) introduced the following bill; which was 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
A BILL
To provide for the rescission of certain waivers and licenses relating to Iran, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. 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.
SEC. 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. <all>
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