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119-hr-2468119th Congress

No Sanctions Relief for Terrorists Act

Sponsored By: Representative Steil, Bryan [R-WI-1]

Introduced

Summary

Blocks sanction relief for Iranian individuals and entities tied to terrorism. This bill would bar issuing licenses or waivers for transactions with persons on OFAC's Specially Designated Nationals list as of January 20, 2021.

Show full summary
  • Applies specifically to Iranian individuals and entities listed on the Office of Foreign Assets Control Specially Designated Nationals (SDN) list under Executive Order 13224 as of January 20, 2021.
  • The President would have to certify to four congressional committees before any license or waiver could be granted. Those committees are the House Foreign Affairs Committee, the House Financial Services Committee, the Senate Foreign Relations Committee, and the Senate Banking, Housing, and Urban Affairs Committee.
  • The bill preserves any OFAC general licenses that were already in effect on January 20, 2021 and does not change those existing authorizations.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Tighter limits on Iran sanctions waivers

If enacted, the U.S. could not grant licenses or waivers for deals with certain Iranian people or groups. The covered people are those on the U.S. Treasury’s Specially Designated Nationals sanctions list under Executive Order 13224 as of January 20, 2021. A license could be allowed only if the President certifies they stopped involvement in terrorism. The President would send that certification to House Foreign Affairs and Financial Services and to Senate Foreign Relations and Banking, Housing, and Urban Affairs. It would not change any Treasury general licenses that were in effect on January 20, 2021. This would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Steil, Bryan [R-WI-1]

WI • R

Cosponsors

  • Rep. Moore, Barry [R-AL-1]

    AL • R

    Sponsored 3/27/2025

  • Rep. Schmidt, Derek [R-KS-2]

    KS • R

    Sponsored 3/31/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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