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HR 5961 - No Funds for Iranian Terrorism Act - National Key Vote

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Title: No Funds for Iranian Terrorism Act

Vote Smart's Synopsis:

Vote to pass a bill that requires the President impose property-blocking sanctions on foreign financial institutions and international financial institutions that process, participate in, or facilitate a transaction involving certain Iranian funds.

Highlights:

  • Requires the President impose property-blocking sanctions on foreign financial institutions and international financial institutions that process, participate in, or facilitate a transaction involving certain Iranian funds (Sec. 3).

  • Specifies that the aforementioned sanctions shall apply to namely the approximately $6 billion of Iranian funds that the President has permitted to be transferred from restricted accounts in South Korea to restricted accounts in Qatar to facilitate the release of 5 U.S. detained in Iran (Sec. 3).

Full Bill Text

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