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Code · BILL · 118th Congress · H.R. 5961 (Reported in House) — To freeze certain Iranian funds involved in the 2023 hostage deal between the United States and Iran, and for other p... · Sec. 4

Sec. 4. Definitions

211 words·~1 min read·/bill/118/hr/5961/rh/section-4

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In this Act: The term appropriate congressional committees means— the Committee on Foreign Affairs and the Committee on Financial Services of the House of Representatives; and the Committee on Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of the Senate. The term covered Iranian funds means any funds transferred from accounts in the Republic of Korea to Qatar pursuant to or under the authority or guaranty of a waiver, license, assurance letter, or other guidance issued pursuant to or in furtherance of the waiver determination made pursuant to sections 1244(i) ( 22 U.S.C. 8803(i) ) and 1247(f) of the Iran Freedom and Counter-Proliferation Act of 2012 ( 22 U.S.C. 8806(f) ) and section 1245(d)(5) of the National Defense Authorization Act for Fiscal Year 2012 ( 22 U.S.C. 8513a(d)(5) ) that is the subject of the document entitled Waiver of Sanctions with Respect to the Transfer of Funds from the Republic of Korea to Qatar and was transmitted to Congress in September 2023.
The term foreign financial institution has the meaning given such term under section 561.308 of title 31, Code of Federal Regulations. The term international financial institution has the meaning given such term in section 1701(c) of the International Financial Institutions Act ( 22 U.S.C. 262r(c) ).
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