No Funds for Iranian Terrorism Act
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).
International Affairs
Asia
Bank accounts, deposits, capital
Banking and financial institutions regulation
Congressional oversight
Detention of persons
Foreign and international banking
Foreign property
Iran
Middle East
Presidents and presidential powers, Vice Presidents
Qatar
Sanctions
South Korea
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