Congress: 118 · Status: active · Israel/Palestine classification: pro-Israel
Data (JSON) — machine-readable record of this bill (identifiers, sponsor, classification, actions, and the member-by-member vote breakdown).
Official record on Congress.gov — full text, actions, and cosponsor history for HR 5932.
Sponsor: Schweikert, David (R-Arizona)
This bill blocks the release of any Iranian assets currently frozen by the U.S. Treasury until hostilities between Hamas and Israel end and Iran compensates Israel for damages from the October 2023 attacks—or participates in an international compensation mechanism. It also authorizes the President to confiscate Iranian assets under U.S. jurisdiction, liquidate them, and deposit the proceeds into a fund to pay for Israeli defense equipment and services. Congress can disapprove any asset release with a joint resolution, and the confiscation itself cannot be challenged in court.
This bill would tie the fate of frozen Iranian funds directly to Israeli compensation demands and creates a new mechanism for converting Iranian assets into Israeli military aid without requiring annual congressional appropriations votes. It represents a significant expansion of executive power to use seized foreign assets for military support to a single ally and signals an effort to make hostility-linked asset releases harder to reverse even if future administrations prefer diplomatic engagement with Iran.