H.R. 2468, the No Sanctions Relief for Terrorists Act, would prevent the federal government from issuing licenses or waivers that allow transactions with Iranian individuals and entities that were designated as terrorism supporters as of January 20, 2021. The bill essentially freezes sanctions relief for these specific Iranian targets, requiring the President to certify to Congress that they have stopped supporting terrorism before any exceptions to the sanctions can be granted. The legislation affects Iranian persons and organizations on the Treasury Department's list of specially designated nationals, blocking financial transactions and business dealings with them. There is no specific funding allocated in the bill, as it primarily operates as a restriction on executive branch authority. The measure would apply to anyone designated under this criteria as of the specified date and would not affect general licenses that were already in place as of January 20, 2021.
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