We have received text from H.R. 5623: Seized Iranian Arms Transfer Authorization Act of 2025. This bill was received on 2025-09-30, and currently has 4 cosponsors.
Here is a short summary of the bill:
The Seized Iranian Arms Transfer Authorization Act of 2025 (also known as the SEIZE Act of 2025 ) seeks to give authority to the President of the United States regarding weapons and materials seized in transit from Iran to the Houthis in Yemen. Below is a summary of the key provisions of the bill:
Disposition of Weapons and Materiel
The bill allows the President to classify any weapons or materials seized by the U.S. while they are being transported from Iran to the Houthis in Yemen as officially belonging to the United States. This means the seized items can be treated as part of the U.S. military stockpiles.
Drawdown Authority
The bill proposes an amendment to the Foreign Assistance Act of 1961, which gives the President the power to draw down (or distribute) the classified weapons and materials to foreign partners. This means that once the items are classified as U.S. stocks, the President can provide these items to allied nations or partners as needed.
Reporting Requirements
The bill mandates that the President must report to Congress within 180 days of the enactment of the Act and then annually thereafter. The report must include:
- The number of times the President has used the authority to classify seized items as U.S. stocks.
- An inventory of the weapons and materials that have been treated as U.S. stocks.
- An inventory of the weapons and materials that have been provided to foreign partners under the new drawdown authority.
Definition of Appropriate Committees
The bill specifies which congressional committees will be designated as "appropriate committees" for oversight. These include:
- The Committee on Armed Services and the Committee on Foreign Relations in the Senate.
- The Committee on Armed Services and the Committee on Foreign Affairs in the House of Representatives.
Implementation Timeline
Once enacted, these provisions will enable the President to act on seized weapons without delay, providing a structured approach for managing these items and facilitating international relations.
Relevant Companies
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Representative Josh Gottheimer Bill Proposals
Here are some bills which have recently been proposed by Representative Josh Gottheimer:
- H.R.5715: To award a Congressional Gold Medal, collectively, to the American hostages and victims of the October 7th, 2023 attacks, in recognition of their profound suffering and sacrifice.
- H.R.5714: To direct the Director of the United States Holocaust Memorial Museum to develop a curriculum for the study of modern-day antisemitism surrounding Hamas' October 7, 2023, terrorist attacks against Israel for use in secondary schools, and for other purposes.
- H.R.5681: To require the reporting of certain terms of service of social media companies for purposes of limiting the online presence of terrorist organizations.
- H.R.5623: SEIZE Act of 2025
- H.R.5579: ETA Act of 2025
- H.R.5265: SAFE Ride Act of 2025
You can track bills proposed by Representative Josh Gottheimer on Quiver Quantitative's politician page for Gottheimer.
Representative Josh Gottheimer Net Worth
Quiver Quantitative estimates that Representative Josh Gottheimer is worth $42.5M, as of October 9th, 2025. This is the 35th highest net worth in Congress, per our live estimates.
Gottheimer has approximately $25.0M invested in publicly traded assets which Quiver is able to track live.
You can track Representative Josh Gottheimer's net worth on Quiver Quantitative's politician page for Gottheimer.
Representative Josh Gottheimer Stock Trading
We have data on up to $563.8M of trades from Representative Josh Gottheimer, which we parsed from STOCK Act filings. Some of the largest trades include:
- A February 12th, 2024 sale of up to $5M of $MSFT. The stock has risen 26.39% since then.
- A May 18th, 2020 sale of up to $100K of $AMZN. The stock has risen 85.65% since then.
- A March 17th, 2020 purchase of up to $50K of $BX. The stock has risen 292.04% since then.
- A April 1st, 2022 purchase of up to $50K of $SBUX. The stock has fallen 12.52% since then.
- A December 18th, 2017 sale of up to $50K of $SLB. The stock has fallen 46.59% since then.
You can track Representative Josh Gottheimer's stock trading on Quiver Quantitative's politician page for Gottheimer.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
