,,ib ,union ,calendar ,no4 #ccd #aaeth ,,congress #ast ,session ,h4 ,r4 #dcbd ,report ,no4 #aae-deb ,,in ,,the ,,house ,,of ,,representatives ,november #i1 #bjag ,mr4 ,williams introduced the following bill2 which was referred to the ,committee on ,financial ,services ,december #g1 #bjag;,additional sponsors3 ,mr4 ,budd1 ,mr4 ,poliquin1 ,mr4 ,barr1 ,ms4 ,tenney1 ,mr4 ,zeldin1 ,mr4 ,thomas ,j4 ,rooney of ,florida1 ,mr4 ,huizenga1 ,mr4 ,allen1 ,mr4 ,arrington1 ,mr4 ,harris1 ,mr4 ,la,malfa1 and ,mr4 ,carter of ,georgia ,december #g1 #bjag ,reported with an amendment1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed ,strike out all after the enacting clause and insert the part printed in italic ,for text of introduced bill1 see copy of bill as introduced on ,november #i1 #bjag ,a ,,bill ,to require the ,secretary of the ,treasury to make certifications with respect to ,united ,states and foreign financial institutions' aircraft-related transactions involving ,iran1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,strengthening ,oversight of ,iran's ,access to ,finance ,act4 #b4 ,findings ,the ,congress finds the following3 7#a7 ,under the ,joint ,comprehensive ,plan of ,action 7,,jcpoa71 informally known as the ,iran nuclear deal1 the ,obama administration agreed to license the sale of commercial passenger aircraft to ,iran1 the world's foremost state sponsor of terrorism and a jurisdiction of primary money laundering concern4 7#b7 ,in ,april #bjae1 prior to the adoption of the ,,jcpoa1 ,secretary of the ,treasury ,jacob ,lew1 in publicly advocating for its provisions1 stated3 ,make no mistake3 deal or no deal1 we will continue to use all our available tools1 including sanctions1 to counter ,iran's menacing behavior4 ,iran knows that our host of sanctions focused on its support for terrorism and its violations of human rights are not1 and have never been1 up for discussion44 7#c7 ,in ,march #bjaf remarks to the ,carnegie ,endowment for ,international ,peace1 ,secretary ,lew1 in reference to ,u4,s4 commitments under the ,,jcpoa1 stated3 ,while we have lifted the nuclear sanctions1 we continue to enforce sanctions directed at support for terrorism and regional destabilization1 and missile and human rights violations44 7#d7 ,in an ,april #bjaf forum at the ,council on ,foreign ,relations1 ,secretary ,lew stated that1 under the ,,jcpoa1 the ,u4,s4 committed to lifting its nuclear sanctions1 but the ,u4,s4 financial system is not open to ,iran1 and that is not something that is going to change4 7#e7 ,in ,september #bjaf1 the ,department of the ,treasury's ,office of ,foreign ,assets ,control 7,,ofac7 issued licenses permitting the export of up to #ig aircraft for use by ,iran ,air1 the ,islamic ,republic of ,iran's flagship state-owned carrier4 ,these licenses included authorization for ,u4,s4 financial institutions to engage in all transactions necessary to provide financing or other financial services in order to effectuate the sales4 ,in ,november #bjaf1 ,,ofac licensed an additional #ajf aircraft for purchase by ,iran ,air1 which are also eligible for financing authorized by ,,ofac4 7#f7 ,the ,department of the ,treasury had sanctioned ,iran ,air in #bjaa for its use of commercial passenger aircraft to transport rockets1 missiles1 and other military cargo on behalf of the ,islamic ,revolutionary ,guard ,corps 7,,irgc7 and ,iran's ,ministry of ,defense and ,armed ,forces ,logistics1 both of which had been designated under ,executive ,order #acchb for weapons proliferation-related activities4 ,in ,october #bjag1 the ,,irgc went on to be designated under ,executive ,order #acbbd for its support of the ,,irgc-,qods ,force1 which has provided support to terrorist groups such as ,hizballah1 ,hamas1 and the ,taliban4 7#g7 ,among ,iran ,air's sanctionable activities1 the airline delivered missile or rocket components to the ,assad government in ,syria1 which like ,iran is classified as a state sponsor of terrorism4 7#h7 ,the ,assad regime is responsible for a civil conflict that has claimed an estimated #djj1jjj lives1 including through the government's deployment of chemical weapons and barrel bombs against unarmed civilians and children4 7#i7 ,despite being delisted in #bjaf1 ,iran ,air has continued to fly known weapons resupply routes to government-controlled areas of ,syria4 ,according to research by the ,foundation for ,defense of ,democracies1 between ,implementation ,day of the ,,jcpoa on ,january #af1 #bjaf1 and ,may #d1 #bjag1 ,iran ,air operated at least #acd flights to ,syria1 which included stops in ,abadan1 ,iran1 a suspected ,,irgc logistical hub for airlifts to the ,assad regime4 7#aj7 ,in ,november #bjaf correspondence to the ,chairman of the ,house ,committee on ,financial ,services1 the ,department of the ,treasury noted that the commitment to delist ,iran ,air under the ,,jcpoa does not affect our ability to designate1 or re-designate1 any ,iranian airline that engages in sanctionable activity4 ,the ,united ,states retains the ability to designate any individual or entity that engages in sanctionable activities under our authorities targeting conduct outside the scope of the ,,jcpoa1 including ,iran's support for terrorism1 human rights abuses1 ballistic missile program1 and other destabilizing activities in the region44 7#aa7 ,in ,april #bjag1 ,iran announced a deal for ,aseman ,airlines to purchase up to #fj commercial aircraft1 a transaction that would require authorization by ,,ofac4 ,aseman ,airlines' chief executive officer1 ,hossein ,alaei1 has for decades served as a senior member of the ,,irgc4 #c4 ,certifications for aircraft-related transactions by ,united ,states and foreign financial institutions 7a7 ,in general ,not later than #cj days after authorizing a transaction by a ,united ,states or foreign financial institution in connection with the export or re-export of a commercial passenger aircraft to ,iran 7or1 for an authorization made after ,january #af1 #bjaf1 but before the date of the enactment of this ,act1 not later than #fj days after such date of enactment71 and every #ahj days thereafter for the duration of the authorization1 the ,secretary of the ,treasury shall submit the report described under subsection 7b7 to the appropriate congressional committees4 7b7 ,report with respect to financial institutions' ,iran-related transactions and due diligence ,with respect to a financial institution and a transaction described under subsection 7a71 a report is described under this subsection if it contains-- 7#a7 a list of financial institutions that1 since ,january #af1 #bjaf1 have conducted transactions authorized by the ,secretary in connection with the export or re-export of commercial passenger aircraft to ,iran2 7#b7 either-- 7,a7 a certification that-- 7i7 the transaction does not pose a significant money laundering or terrorism financing risk to the ,united ,states financial system2 7ii7 the transaction will not benefit an ,iranian person that1 since the date that is one year preceding the date of the certification-- 7,i7 has knowingly transported items used for the proliferation of weapons of mass destruction1 including systems designed in whole or in part for the delivery of such weapons2 or 7,,ii7 has knowingly provided transportation services or material support for1 or on behalf of1 any person designated under ,executive ,orders #acbbd1 #acchb1 or #acegb2 and 7iii7 any financial institution described under subsection 7b77#a7 has had since the date such authorization was made1 or1 if the authorization is no longer in effect1 had for the duration of such authorization1 appropriate policies1 procedures1 and processes in place to avoid engaging in sanctionable activities that may result from the financial institutions' exposure to ,iran2 or 7,b7 a statement that the ,secretary is unable to make the certification described under subparagraph 7,a7 and a notice that the ,secretary will1 not later than #fj days after the date the determination is submitted to the appropriate congressional committees1 issue a report on non-certification described under subsection 7c7 to the appropriate congressional committees4 7c7 ,report on non-certification ,with respect to a financial institution and a transaction described under subsection 7a71 a report on non-certification is described under this subsection if it contains-- 7#a7 a detailed explanation for why the ,secretary is unable to make the certification described under subsection 7b77#b72 7#b7 a notification of whether the ,secretary will-- 7,a7 not amend the authorization of the transaction with respect to a financial institution1 notwithstanding such non-certification2 7,b7 suspend the authorization until the ,secretary is able to make such certification2 7,c7 revoke the authorization2 or 7,d7 otherwise amend the authorization2 and 7#c7 an explanation of the reasons for any action to be taken described under paragraph 7#b74 7d7 ,waiver ,the ,president may waive1 on a case-by-case basis1 the provisions of this ,act for up to one year at a time upon certifying to the appropriate congressional committees that-- 7#a7 the ,government of ,iran has-- 7,a7 made substantial progress towards combating money laundering and terrorism financing risk emanating from ,iran2 or 7,b7 has significantly reduced ,iran's-- 7i7 destabilizing activities in the region2 or 7ii7 material support for terrorist groups2 or 7#b7 such waiver is important to the national security interests of the ,united ,states1 with an explanation of the reasons therefor4 7e7 ,termination ,this section shall cease to be effective on the date that is #cj days after the date on which the ,president certifies to the appropriate congressional committees that-- 7#a7 7,a7 the ,secretary does not find1 under section #ecah;,a of title #ca1 ,united ,states ,code1 that reasonable grounds exist for concluding that ,iran is a jurisdiction of primary money laundering concern2 and 7,b7 ,iran has ceased providing support for acts of international terrorism2 or 7#b7 terminating the provisions of this section is vital to the national security interests of the ,united ,states1 with an explanation of the reasons therefor4 7f7 ,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 ,financial institution ,the term financial institution means a ,united ,states financial institution or a foreign financial institution4 7#c7 ,foreign financial institution ,the term foreign financial institution has the meaning given that term under section #efa4cjh of title #ca1 ,code of ,federal ,regulations4 7#d7 ,knowingly ,the term knowingly1 with respect to conduct1 a circumstance1 or a result1 means that a person has actual knowledge1 or should have known1 of the conduct1 the circumstance1 or the result4 7#e7 ,secretary ,the term ,secretary means the ,secretary of the ,treasury4 7#f7 ,united ,states financial institution ,the term ,united ,states financial institution has the meaning given the term ,u4,s4 financial institution under section #efa4cji of title #ca1 ,code of ,federal ,regulations4 ,december #g1 #bjag ,reported with an amendment1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed