H.R. 6323, titled the “Iran Counterterrorism Act of 2023,” aims to change the rules around waiving sanctions on Iran's financial sector. The bill specifies conditions under which the U.S. President can issue waivers, primarily if Iran stops supporting terrorism, and requires a review period...
Simple Explanation
Imagine if the United States has special rules that say they won't trade or work with Iran's banks because of bad behavior. This bill wants to make sure those rules can't be lifted unless Iran stops being bad, and it gives Congress some time to decide if it's okay to change those rules.