Revoke Iranian Funding Act of 2023
Latest Action
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-550.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™The Revoke Iranian Funding Act of 2023 is a Senate bill introduced in the 118th Congress aimed at addressing financial flows related to Iran. While the official summary and full text of the bill are not available, the bill was considered within the policy area of International Affairs. The latest recorded action was the holding of hearings by the Senate Committee on Banking, Housing, and Urban Affairs on April 9, 2024. The bill ultimately failed or expired without becoming law.
This bill sought to address Iranian funding issues but did not advance beyond committee hearings and expired without enactment.
- The bill was introduced in the Senate during the 118th Congress.
- It falls under the policy area of International Affairs, indicating a focus on foreign financial or diplomatic matters involving Iran.
- The Senate Committee on Banking, Housing, and Urban Affairs held hearings on the bill, but no further legislative progress was recorded.
Potential beneficiaries would have included U.S. government agencies involved in international finance and sanctions enforcement, as well as sectors concerned with monitoring or restricting Iranian funding activities. Specific beneficiaries cannot be identified due to lack of detailed bill text.
Without the full bill text, concerns may include challenges in implementation, enforcement authority, oversight mechanisms, and potential costs associated with revoking or restricting Iranian funding. The absence of detailed provisions limits precise identification of tradeoffs.
The bill was considered in the context of ongoing U.S. legislative efforts to address financial interactions with Iran. It was reviewed by a Senate committee with jurisdiction over banking and international financial matters but did not progress to a vote or enactment, indicating limited legislative momentum.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
If enacted, the bill could have influenced U.S. financial regulatory practices and international relations with Iran, potentially affecting diplomatic and economic interactions. The failure to pass means these effects did not materialize.
The absence of an official summary and full bill text limits public transparency and oversight. The bill's failure to progress beyond committee hearings highlights the importance of accessible legislative documentation for informed public and stakeholder engagement.
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