← All regulatory updates

United States Congress

Revoke Iranian Funding Act of 2023

October 17, 2023

Summary

This bill would freeze $6 billion of Iranian funds held in Qatar and rescind licenses and waivers related to those funds. It also requires a report on Iranian assets and licenses. The bill does not directly affect mortgage lending but may affect banks holding Iranian assets.

Source: https://www.congress.gov/bill/118th-congress/s-bill/3049

Common questions

What does "Revoke Iranian Funding Act of 2023" cover?
This bill would freeze $6 billion of Iranian funds held in Qatar and rescind licenses and waivers related to those funds. It also requires a report on…
Which agency issued this update?
This update was issued by United States Congress.
When was it published?
It was published on October 17, 2023.

Get the free weekly digest

Every mortgage regulatory change, summarized, in your inbox. No account needed.

Related updates