,,ib ,union ,calendar ,no4 #cce #aaeth ,,congress #ast ,session ,h4 ,r4 #afch ,report ,no4 #aae-dec1 ,part ,i ,,in ,,the ,,house ,,of ,,representatives ,march #bj1 #bjag ,mr4 ,poliquin introduced the following bill2 which was referred to the ,committee on ,financial ,services1 and in addition to the ,committee on ,foreign ,affairs1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,december #g1 #bjag ,reported from the ,committee on ,financial ,services with an amendment ,strike out all after the enacting clause and insert the part printed in italic ,december #g1 #bjag ,the ,committee on ,foreign ,affairs discharged2 committed to the ,committee of the ,whole ,house on the ,state of the ,union and ordered to be printed ,for text of introduced bill1 see copy of bill as introduced on ,march #bj1 #bjag ,a ,,bill ,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 figures1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,iranian ,leadership ,asset ,transparency ,act4 #b4 ,findings ,the ,congress finds the following3 7#a7 ,iran is characterized by high levels of official and institutional corruption1 and substantial involvement by ,iran's security forces1 particularly the ,islamic ,revolutionary ,guard ,corps 7,,irgc71 in the economy4 7#b7 ,many members of ,iran's senior political and military leadership have acquired significant personal and institutional wealth by using their positions to secure control of significant portions of ,iran's national economy4 7#c7 ,sanctions relief provided through the ,joint ,comprehensive ,plan of ,action has resulted in the removal of many ,iranian entities that are tied to governmental corruption from the list of entities sanctioned by the ,united ,states4 7#d7 ,the ,department of ,treasury in #bjaa designated the ,islamic ,republic of ,iran's financial sector as a jurisdiction of primary money laundering concern under section #caa of the ,,usa ,,patriot ,act1 stating ,treasury has for the first time identified the entire ,iranian financial sector2 including ,iran's ,central ,bank1 private ,iranian banks1 and branches1 and subsidiaries of ,iranian banks operating outside of ,iran as posing illicit finance risks for the global financial system44 7#e7 ,iran continues to be listed by the ,financial ,action ,task ,force 7,,fatf7 among the ,non-,cooperative ,countries or ,territories--countries which it perceived to be non-cooperative in the global fight against terror finance and money laundering4 7#f7 ,iran and ,north ,korea are the only countries listed by the ,,fatf as ,non-,cooperative ,countries or ,territories against which ,,fatf countries should take measures4 7#g7 ,the ,transparency ,international index of perceived public corruption ranks ,iran #acjth out of #afh countries surveyed4 7#h7 ,the ,state ,department identified ,iran as a major money-laundering country in its ,international ,narcotics ,control ,strategy ,report 7,,incsr7 for #bjaf4 7#i7 ,the ,state ,department currently identifies ,iran1 along with ,sudan and ,syria1 as a state sponsor of terrorism1 having repeatedly provided support for acts of international terrorism4 7#aj7 ,the ,state ,department's ,country ,reports on ,terrorism1 published last in ,july #bjag1 noted that ,iran continued to sponsor terrorist groups around the world1 principally through its ,islamic ,revolutionary ,guard ,corps-,qods ,force 7,,irgc-,,qf74 ,these groups included ,lebanese ,hizballah1 several ,iraqi ,shia militant groups1 ,hamas1 and ,palestine ,islamic ,jihad4 ,iran1 ,hizballah1 and other ,shia militia continued to provide support to the ,asad regime1 dramatically bolstering its capabilities1 prolonging the civil war in ,syria1 and worsening the human rights and refugee crisis there44 7#aa7 ,the ,iranian ,government's tolerance of corruption and nepotism in business limits opportunities for foreign and domestic investment1 particularly given the significant involvement of the ,,irgc in many sectors of ,iran's economy4 7#ab7 ,the ,,irgc and the leadership-controlled bonyads 7foundations7 control an estimated one-third of ,iran's total economy1 including large portions of ,iran's telecommunications1 construction1 and airport and port operations4 ,these operations give the ,,irgc and bonyads vast funds to support terrorist organizations such as ,hezbollah and ,hamas4 7#ac7 ,by gaining control of major economic sectors1 the ,,irgc and bonyads have also served to further disadvantage the average ,iranian4 #c4 ,report requirement relating to assets of ,iranian leaders and certain senior political figures 7a7 ,in general ,not later than #bgj days after the date of enactment of this ,act1 and annually thereafter 7or more frequently if the ,secretary of the ,treasury determines it appropriate based on new information received by the ,secretary7 for the following #b years1 the ,secretary of the ,treasury shall1 in furtherance of the ,secretary's efforts to prevent the financing of terrorism1 money laundering1 or related illicit finance and to make financial institutions' required compliance with remaining sanctions more easily understood1 submit a report to the appropriate congressional committees containing-- 7#a7 the estimated total funds or assets held in accounts at ,u4,s4 and foreign financial institutions that are under direct or indirect control by each natural person described in subsection 7b7 and a description of such assets2 7#b7 an identification of any equity stake such natural person has in an entity on the ,department of the ,treasury's list of ,specially ,designated ,nationals or in any other sanctioned entity2 7#c7 a description of how such funds or assets or equity interests were acquired1 and how they have been used or employed2 7#d7 a description of any new methods or techniques used to evade anti-money laundering and related laws1 including recommendations to improve techniques to combat illicit uses of the ,u4,s4 financial system by each natural person described in subsection 7b72 7#e7 recommendations for how ,u4,s4 economic sanctions against ,iran may be revised to prevent the funds or assets described under this subsection from being used by the natural persons described in subsection 7b7 to contribute to the continued development1 testing1 and procurement of ballistic missile technology by ,iran2 7#f7 a description of how the ,department of the ,treasury assesses the impact and effectiveness of ,u4,s4 economic sanctions programs against ,iran2 and 7#g7 recommendations for improving the ability of the ,department of the ,treasury to rapidly and effectively develop1 implement1 and enforce additional economic sanctions against ,iran if so ordered by the ,president under the ,international ,emergency ,economic ,powers ,act or other corresponding legislation4 7b7 ,persons described ,the natural persons described in this subsection are the following3 7#a7 ,the ,supreme ,leader of ,iran4 7#b7 ,the ,president of ,iran4 7#c7 ,members of the ,council of ,guardians4 7#d7 ,members of the ,expediency ,council4 7#e7 ,the ,minister of ,intelligence and ,security4 7#f7 ,the ,commander and the ,deputy ,commander of the ,,irgc4 7#g7 ,the ,commander and the ,deputy ,commander of the ,,irgc ,ground ,forces4 7#h7 ,the ,commander and the ,deputy ,commander of the ,,irgc ,aerospace ,force4 7#i7 ,the ,commander and the ,deputy ,commander of the ,,irgc ,navy4 7#aj7 ,the ,commander of the ,basij-e-,mostaz'afin4 7#aa7 ,the ,commander of the ,qods ,force4 7#ab7 ,the ,commander in ,chief of the ,police ,force4 7#ac7 ,the head of the ,,irgc ,joint ,staff4 7#ad7 ,the ,commander of the ,,irgc ,intelligence4 7#ae7 ,the head of the ,,irgc ,imam ,hussein ,university4 7#af7 ,the ,supreme ,leader's ,representative at the ,,irgc4 7#ag7 ,the ,chief ,executive ,officer and the ,chairman of the ,,irgc ,cooperative ,foundation4 7#ah7 ,the ,commander of the ,khatam-al-,anbia ,construction ,head ,quarter4 7#ai7 ,the ,chief ,executive ,officer of the ,basij ,cooperative ,foundation4 7#bj7 ,the head of the ,political ,bureau of the ,,irgc4 7#ba7 ,the head of the ,atomic ,energy ,organization of ,iran4 7c7 ,form of report2 public availability 7#a7 ,form ,the report required under subsection 7a7 shall be submitted in unclassified form but may contain a classified annex4 7#b7 ,public availability ,the unclassified portion of such report shall be made available to the public and posted on the website of the ,department of the ,treasury-- 7,a7 in ,english1 ,farsi1 ,arabic1 and ,azeri2 and 7,b7 in precompressed1 easily downloadable versions that are made available in all appropriate formats4 7d7 ,sources of information ,in preparing a report described under subsection 7a71 the ,secretary of the ,treasury may use any credible publication1 database1 web-based resource1 public information compiled by any government agency1 and any information collected or compiled by a nongovernmental organization or other entity provided to or made available to the ,secretary1 that the ,secretary finds credible4 7e7 ,definitions ,for purposes of this section3 7#a7 ,appropriate congressional committees ,the term appropriate congressional committees means the ,committees on ,financial ,services and ,foreign ,affairs of the ,house of ,representatives and the ,committees on ,banking1 ,housing1 and ,urban ,affairs and ,foreign ,relations of the ,senate4 7#b7 ,funds ,the term funds means-- 7,a7 cash2 7,b7 equity2 7,c7 any other intangible asset whose value is derived from a contractual claim1 including bank deposits1 bonds1 stocks1 a security as defined in section #b7;a7 of the ,securities ,act of #aicc 7#ae ,u4,s4,c4 #gg;b7a771 or a security or an equity security as defined in section #c7;a7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;c7a772 and 7,d7 anything else that the ,secretary determines appropriate4 #d4 ,sense of ,congress ,it is the sense of ,congress that in preparing the reports required under section #c1 the ,secretary of the ,treasury should consider acquiring information from sources that-- 7#a7 collect and1 if necessary1 translate high-veracity1 official records2 or 7#b7 provide search and analysis tools that enable law enforcement to have new insights into commercial and financial relationships4 ,december #g1 #bjag ,reported from the ,committee on ,financial ,services with an amendment ,december #g1 #bjag ,the ,committee on ,foreign ,affairs discharged2 committed to the ,committee of the ,whole ,house on the ,state of the ,union and ordered to be printed