H.R. 5961
Requires sanctions on banks that handle the $6 billion in Iranian funds moved to Qatar.
Medium confidence
AI score: +1 from claude-opus-5-5. Compare the models
No Funds for Iranian Terrorism Act This bill requires the President to impose property-blocking sanctions on foreign financial institutions and international financial institutions that process, participate in, or facilitate a transaction involving certain Iranian funds (namely, the approximately $6 billion of Iranian funds that the Biden administration permitted to be transferred from restricted accounts in South Korea to restricted accounts in Qatar to facilitate the release of five U.S. citizens detained in Iran).
Summary by the Congressional Research Service, reported to house, part i version.
On Passage, Nov 30, 2023 · Passed