119-hr2575

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2575 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 2575

To provide for the rescission of certain waivers and licenses relating 
 to Iran, and for other purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 April 1, 2025

Mr. Pfluger (for himself, Mr. Nunn of Iowa, Mr. Van Drew, Mr. Edwards, 
 Mr. Bilirakis, Mr. Latta, Mr. Cline, Mr. Steil, Mrs. Wagner, Mr. 
Fallon, Mr. Schmidt, Mr. Begich, Mr. Messmer, Mr. Kustoff, Ms. Tenney, 
 Mr. McGuire, and Mr. Goldman of Texas) introduced the following bill; 
which was 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

_______________________________________________________________________

 A BILL

To provide for the rescission of certain waivers and licenses relating 
 to Iran, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. RESCISSION OF CERTAIN WAIVERS AND LICENSES.

    (a) In General.--On the date of enactment of this Act, the 
following measures shall be terminated:

    (1) The waiver exercised on the pursuant to 

section 1245
            (d) (5) of the National Defense Authorization Act for Fiscal 
 Year 2012 and sections 1244
            (i) and 1247

    (f) of the Iran Freedom 
 and Counter-Proliferation Act of 2012 and transmitted to 
 Congress on September 11, 2023, for the transfer of certain 
 funds from the Republic of Korea to Qatar.

    (2) Any general or specific license issued by the Office of 
 Foreign Assets Control at the Department of the Treasury 
 directly or indirectly related to the funds cited in paragraph

    (1) .

    (b) Limitation.--The President may not reissue any new waiver or 
license described in paragraph

    (1) or

    (2) of subsection

    (a) for the 
same or similar purposes.

SEC. 2. LIMITATION OF APPLICABILITY OF CERTAIN LICENSES.

 Notwithstanding any other provision of law, on and after the date 
of the enactment of this Act, the President may not--

    (1) exercise the waiver authority described in 

section 1245
            (d) (5) of the National Defense Authorization Act for Fiscal 
 Year 2012 and sections 1244
            (i) and 1247

    (f) of the Iran Freedom 
 and Counter-Proliferation Act of 2012 permitting the Government 
 of Iran or any Iranian person access to any account established 
 or maintained pursuant to or in accordance with 

section 1245
            (d) (4)
            (D) 
            (ii) 
            (II) of the National Defense Authorization Act 
 for Fiscal Year 2012; or

    (2) issue a general or specific license, frequently asked 
 question, or any other licensing action or guidance permitting 
 the Government of Iran or any Iranian person access to or to 
 benefit directly or indirectly from any account established 
 pursuant to or in accordance with any account described in 
 1245
            (d) (4)
            (D) 
            (ii) 
            (II) of the National Defense Authorization Act 
 for Fiscal Year 2012.
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