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STOP Iran Act of 2023

Source: Congress.gov  ·  1,032 words in original text
This bill requires the government to get special permission (called a license) before allowing advanced new technologies to be sent to certain Iranian individuals and organizations that support groups the U.S. has punished with sanctions (penalties that restrict their access to money and trade). The bill targets technologies that could help Iran's military or nuclear programs. ##
- The Secretary of Commerce (a cabinet official who oversees business and trade) - Any American business or person who wants to export, reexport, or transfer emerging and foundational technologies (new or basic advanced technologies) to Iranian entities - Iranian individuals and organizations on government sanction lists - Four congressional committees that oversee banking, housing, foreign relations, financial services and foreign affairs ##
- Beginning 120 days after the law passes, companies and people must get a license from the Secretary of Commerce before sending emerging and foundational technologies to Iranian persons and organizations that are under U.S. sanctions (Sec. 2(a)) - The license requirement applies to Iranian persons who appear on government sanction lists AND provide support to Iran's Islamic Revolutionary Guard Corps, Iran's armed forces, Iran's nuclear program, designated terrorist organizations, or groups fighting U.S. allies (Sec. 2(b)) - The Secretary of Commerce must report to Congress within 30 days after issuing any license, explaining why the license was approved and providing details about the Iranian person receiving the technology (Sec. 2(c)) ##
If this bill becomes law, American companies and individuals would be blocked from sending certain advanced technologies to specific Iranian organizations unless they first receive written approval from the government. Previously, these transactions did not require such licenses. ##
- **Export:** Sending goods or technology out of the United States - **Reexport:** Sending goods or technology that came from the United States to a different country - **In-country transfer:** Moving goods or technology within a country's borders - **Iranian person:** Anyone who is a citizen of Iran or any organization created under Iranian law - **SDN List:** The government's list of specially designated nationals and blocked persons maintained by the Treasury Department ##
120 days after the bill becomes law (Not specified in bill text)
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.