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DISRUPT Act of 2023

Source: Congress.gov  ·  1,384 words in original text
This bill directs the President to impose sanctions (penalties that restrict trade and financial dealings) against Iranian people and financial institutions that help Russia in its military actions against Ukraine. The bill also sets strict rules that prevent the President from removing these sanctions unless specific conditions are met.
Iranian individuals and companies that sell military equipment or provide military training to Russia. Iranian financial institutions that handle money for Russia or sanctioned Russian military groups. The Central Bank of Iran. Congressional committees that oversee foreign relations and banking. Anyone currently on the SDN list (a government list of blocked individuals and entities).
* The President must impose sanctions within 120 days on Iranian people who provide military support to Russia, including selling unmanned aerial vehicles, missiles, armored vehicles, ammunition and conventional weapons (Sec. 2(a)(1)). * The President must impose sanctions on Iranian financial institutions that process transactions for Russia's military forces or designated Russian persons (Sec. 2(a)(2)). * Iranian people cannot be removed from the SDN list unless the President certifies they have not sold weapons to Russia or provided military training to Russia in the past year (Sec. 3). * Iran's designation as a jurisdiction of primary money laundering concern cannot be removed unless the President certifies Iran is no longer supporting Russia's military forces and Russia is no longer using weapons obtained from Iran (Sec. 4).
If this law passes, the President becomes required to sanction Iranian entities helping Russia within 120 days. Any future removal of these sanctions requires presidential certification to Congress that the Iranian entity has stopped supporting Russia's military for at least one year.
* Iranian person: An individual who is a citizen of Iran or a company organized under Iranian law (Sec. 5(3)). * Russian person: An individual who is a citizen of Russia or a company organized under Russian law (Sec. 5(4)). * Iranian financial institution: A bank or money-handling business organized in Iran, located in Iran, or owned by the Iranian government (Sec. 5(2)). * SDN list: The government's official list of specially designated nationals and blocked persons maintained by the Treasury Department (Sec. 5(5)).
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.