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US HB2575
Bill
Status
4/1/2025
Primary Sponsor
August Pfluger
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AI Summary
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Terminates the September 11, 2023 waiver that authorized the transfer of certain Iranian funds from South Korea to Qatar, along with any related licenses issued by Treasury's Office of Foreign Assets Control
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Prohibits the President from reissuing any new waiver or license for the same or similar purposes as the terminated measures
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Bars the President from exercising waiver authority that would permit Iran or Iranian persons access to escrow accounts established under the National Defense Authorization Act for Fiscal Year 2012
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Prevents Treasury from issuing any license, guidance, or FAQ that would allow Iran or Iranian persons to directly or indirectly benefit from these restricted accounts
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Introduced April 1, 2025 by Rep. Pfluger with 16 bipartisan cosponsors; referred to Foreign Affairs, Financial Services, Ways and Means, and Oversight committees
Legislative Description
To provide for the rescission of certain waivers and licenses relating to Iran, and for other purposes.
International affairs
Last Action
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.
4/1/2025