To authorize additional assistance to Israel using assets confiscated from the Iran, and for other purposes.
About This Bill
Committee
Latest Action · October 25, 2023
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The Fortify Israel Act authorizes the U.S. government to confiscate Iranian assets that are currently frozen or blocked by the Treasury Department and use them to provide military assistance to Israel. The bill establishes a fund from confiscated Iranian assets specifically for purchasing defense articles and services for Israel, with the President required to liquidate any non-cash assets and deposit the proceeds into this fund. The legislation also prevents the release of any blocked Iranian assets unless the President certifies that hostilities between Hamas and Israel have ceased and either Israel has been fully compensated for damages from the attack or Iran is participating in an international compensation mechanism. Congress retains oversight authority through a 30-day notification requirement and the ability to block asset releases through a joint resolution of disapproval. The bill exempts confiscated assets from judicial review while preserving due process rights for private parties and maintains compliance with international diplomatic and humanitarian law conventions.
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