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114th Congress > House > Vote 1236
Clerk session vote number: 536
Sponsor: POLIQUIN, Bruce Lee (R-ME)
Description: Iranian Leadership Asset Transparency Act
Bill summary: Iranian Leadership Asset Transparency Act
(Sec. 3) This bill requires the Department of the Treasury, in furtherance of efforts to prevent the financing of terrorism, money laundering, or related illicit finance and to make financial institutions' required compliance with remaining sanctions more easily understood, to submit within 270 days and annually thereafter for the next two years a report regarding:
the funds or assets held in U.S. and foreign financial institutions that are directly or
indirectly controlled by specified Iranian officials;
any equity stake such official has in an entity on Treasury's list of Specially Designated Nationals or in any other sanctioned entity;
how such funds, assets, or equity interests were acquired and used;
new methods used to evade anti-money laundering and related laws, including recommendations to improve techniques to combat illicit uses of the U.S. financial system by each such official.
recommendations for revising U.S. economic sanctions against Iran to prevent Iranian officials from using funds or assets to develop and procure ballistic missile technology;
how Treasury assesses the effectiveness of U.S. economic sanctions against Iran; and
recommendations for improving Treasury's ability to develop and enforce additional economic sanctions against Iran if so ordered by the President.
The unclassified portion of the report shall be made available to the public and posted on Treasury's website in downloadable English, Farsi, Arabic, and Azeri versions.
Bill titles: To require the Secretary of the Treasury to submit a report to the appropriate congressional committees on the estimated total assets under direct or indirect control by certain senior Iranian leaders and other figures, and for other purposes.
Links for more info on the vote: congress.gov
