No Funds for Iranian Terrorism Act

International financial institutions were removed as targets of the sanctions in sections 3(a), 3(b), and 3(c). Only foreign financial institutions remain subject to blocking. The definition of 'international financial institution' was also deleted entirely.

New section 3(f) adds an exception stating that sanctions authorities under the Act shall not include authority to impose sanctions on the importation of goods, with 'good' defined as any article, substance, material, supply, or manufactured product excluding technical data.

New section 4 adds a 'sense of Congress' that the Iranian regime should receive no additional funds but that basic humanitarian assistance for the people of Iran is important, establishing a policy distinction between the government and its citizens.

New sections 7, 9, and 11 add 'sense of Congress' statements calling on Qatar to condemn Hamas and turn over its leadership, urging Middle East allies to condemn antisemitism, and criticizing the Biden Administration's handling of the Houthis.

New section 10 prohibits the use of any federal funds to make any funds available to Iran, a broad spending restriction that goes well beyond the original bill's focus on specific frozen accounts.

New section 5 prohibits the President from exercising waiver authority or issuing licenses that would permit the Government of Iran or any Iranian person access to accounts established under section 1245(d)(4)(D)(ii)(II) of the NDAA for FY2012. This effectively locks down a specific category of frozen Iranian funds and prevents future presidential waivers.

Section 3(e) now requires the President to certify in writing to Congress not later than 45 days before termination of sanctions, adding a specific advance-notice requirement that was absent from the introduced version.

New section 8 requires Treasury and State to jointly submit a report on Iranian internet censorship, including assessments of General License D-2's impact on private communications tools, whether license updates are needed for cloud technology and hardware, and strategies to prevent Iran from acquiring surveillance tools like facial recognition software.

New section 12 requires the President to submit a report within 120 days of enactment outlining US policy on human rights, nuclear proliferation, ballistic missiles, and regional terrorism in Iran.

The hostage count in findings was increased from '130 people' to 'at least 230 people,' reflecting updated information since the bill's introduction.