This bill would prohibit the federal government from spending any fiscal year 2024 appropriated funds to waive sanctions against Iran. Specifically, it blocks the use of funds to grant exemptions under three existing sanctions authorities related to Iran's nuclear program and counter-proliferation efforts. The legislation, introduced by Senator Ted Cruz, targets the executive branch's ability to provide relief from Iran-related economic penalties. The bill does not allocate any new funding but rather restricts how already-appropriated money can be used. If passed, it would prevent the administration from using financial resources to implement any Iran sanctions waivers during the 2024 fiscal year.
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