Oct 17 2023

WASHINGTON, D.C. – Senator Thom Tillis and his colleagues recently introduced the Revoke Iranian Funding Act to rescind the general licenses that enabled the release of the $6 billion to Iran and prevent the Iranian regime from accessing and using the funds held in Qatar to finance terrorist attacks against Israel or any other nation.

In addition, the bill directs the Treasury Secretary to study all high-value Iranian assets around the world that are currently blocked by U.S. sanctions and provide that information to Congress, ensuring Congress has the information necessary to enact further targeted legislation, if necessary.

“The Biden Administration’s reckless decision to send $6 billion to the rogue state of Iran must be reversed,” said Senator Tillis. “Iran is the world’s largest state sponsor of terrorism and its continued financial support of Hamas enabled the cold-blooded murder of thousands of innocent Israeli civilians, including the horrific slaying of children. This legislation will ensure the United States does not provide the Iranian regime with more resources to fund terrorism and attack our allies.” 

Read an overview of the bill HERE and a section-by-section overview HERE.