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H.R. 5961, No Funds for Iranian Terrorism Act (CBO Report for Congress)

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Congress 118th
Date Requested Nov. 7, 2023
Requested By House Committee on Foreign Affairs
Date Sent Nov. 8, 2023
Description:
H.R. 5961 would direct the Administration to sanction any foreign or international financial institution that facilitates the transfer of $6 billion in Iranian assets that were released from sanctions in September 2023. Those funds are currently being held and monitored in a bank in Qatar. In October 2023, the Administration indicated that the Iranian government would no longer have access to those released funds.

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