H.R. 6000 would rescind any licenses or waivers of sanctions that facilitated the transfer of $6 billion in frozen Iranian assets from the Republic of Korea to a monitored bank in Qatar in September 2023. In October 2023, the Administration took steps to prevent the government of Iran from accessing the funds. Because the funds are currently being held in an account that would be used exclusively for humanitarian assistance should the Administration lift its current hold on the funds, they are now exempt from sanctions that would be reimposed under the bill. If the funds were used for a purpose other than humanitarian assistance, sanctions under current law would apply. Thus, rescinding the waivers would not affect the federal budget.
