Revoke Iranian Funding Act of 2023

The Revoke Iranian Funding Act of 2023 revokes existing licenses and exemptions that permitted U.S. funds to be released to Iran for humanitarian purposes, including the $6 billion South Korea transfer in September 2023, and blocks the Treasury from issuing new such licenses for one year. It also rescinds a specific waiver issued by the State Department in September 2023 that allowed humanitarian funding. The bill requires the Treasury to report within 30 days on Iranian assets held in the U.S. and current licenses related to Iran sanctions, directly affecting Iran's government and entities linked to its military, nuclear program, or terrorist groups like Hamas. This targets financial transactions involving Iran's accounts in Qatar and aims to prevent funds from being diverted to support terrorism.