,,ii #aae? ,,congress #a/ ,session ,s4 #bafg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,novemb] #bh1 #bjag,mr4 ,cruz 7= himself & ,mr4 ,p]due7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to require ! ,secret>y ( ! ,treasury to make c]tifications ) respect to ,unit$ ,/ates & =eign f9ancial in/itutions' aircraft-relat$ transactions involv+ ,iran1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/r5g!n+ ,ov]sight ( ,iran's ,access to ,f9ance ,act4 #b4 ,f9d+s ,! ,congress f9ds ! foll[+3 7#a7 ,"u ! ,jo9t ,compreh5sive ,plan ( ,action 79 ?is section ref]r$ to z ! ,,jcpoa71 in=mally kn[n z ! ,iran nucle> deal1 ! ,obama adm9i/ration agre$ to lic5se ! sale ( comm]cial pass5g] aircraft to ,iran1 ! _w's =emo/ /ate sponsor ( t]rorism & a jurisdiction ( prim>y money laund]+ conc]n4 7#b7 ,9 ,april #bjae1 prior to ! adoption ( ! ,,jcpoa1 ,secret>y ( ! ,treasury ,jacob ,lew1 9 publicly advocat+ = its provisions1 /at$1 ,make no mi/ake3 deal or no deal1 we w cont9ue to use all our available tools1 includ+ sanctions1 to c\nt] ,iran's m5ac+ behavior4 ,iran kn[s t our ho/ ( sanctions focus$ on its support = t]rorism & its violations ( human rights are n1 & h nev] be51 up = discussion44 7#c7 ,9 ,m>* #bjaf rem>ks to ! ,c>negie ,end[m5t = ,int]national ,peace1 ,secret>y ,lew1 9 ref]5ce to ,unit$ ,/ates commitm5ts "u ! ,,jcpoa1 /at$1 ,:ile we h lift$ ! nucle> sanctions1 we cont9ue to en=ce sanctions direct$ at support = t]rorism & regional de/abilization1 & missile & human rights violations44 7#d7 ,9 an ,april #bjaf =um at ! ,c\ncil on ,=eign ,relations1 ,secret>y ,lew /at$ t1 "u ! ,,jcpoa1 ! ,unit$ ,/ates committ$ to lift+ its nucle> sanctions1 b ! ,u4,s4 f9ancial sy/em is n op5 to ,iran1 & t is n some?+ t is go+ to *ange4 7#e7 ,9 ,septemb] #bjaf1 ! ,dep>tm5t ( ! ,treasury's ,(fice ( ,=eign ,assets ,control 79 ?is section ref]r$ to z ,,(ac7 issu$ lic5ses p]mitt+ ! export ( up to #ig aircraft = use by ,iran ,air1 ! ,islamic ,republic ( ,iran's flag%ip /ate-own$ air c>ri]4 ,^! lic5ses includ$ au?orization = ,unit$ ,/ates f9ancial in/itutions to engage 9 all transactions necess>y to provide f9anc+ or o!r f9ancial s]vices 9 ord] to effectuate ! sales4 ,9 ,novemb] #bjaf1 ,,(ac lic5s$ an additional #ajf aircraft = pur*ase by ,iran ,air1 :i* are also eligible = f9anc+ au?oriz$ by ,,(ac4 7#f7 ,! ,dep>tm5t ( ! ,treasury _h sanction$ ,iran ,air 9 #bjaa = its use ( comm]cial pass5g] aircraft to transport rockets1 missiles1 & o!r milit>y c>go on behalf ( ! ,islamic ,revolution>y ,gu>d ,corps 79 ?is section ref]r$ to z ! ,,irgc7 & ,iran's ,m9i/ry ( ,def5se & ,arm$ ,=ces ,logi/ics1 bo? ( :i* _h be5 designat$ "u ,executive ,ord] #acchb = weapons prolif]ation-relat$ activities4 ,9 ,octob] #bjag1 ! ,,irgc w5t on to be designat$ "u ,executive ,ord] #acbbd = its support ( ! ,,irgc-,qods ,=ce1 :i* has provid$ support to t]rori/ gr\ps su* z ,hizballah1 ,hamas1 & ! ,taliban4 7#g7 ,among ,iran ,air's sanctionable activities1 ! air c>ri] deliv]$ missile or rocket compon5ts to ! regime ( ,ba%> al-,assad 9 ,syria1 :i* l ,iran is classifi$ z a /ate sponsor ( t]rorism4 7#h7 ,! ,assad regime is responsible = a civil conflict t has claim$ an e/imat$ #djj1jjj lives1 includ+ ?r\gh ! regime's deploym5t ( *emical weapons & b>rel bombs aga9/ un>m$ civilians & *ildr54 7#i7 ,despite be+ deli/$ 9 #bjaf1 ,iran ,air has cont9u$ to fly kn[n weapons resupply r\tes to gov]nm5t-controll$ areas ( ,syria4 ,accord+ to rese>* by ! ,f\ndation = ,def5se ( ,democracies1 betwe5 ,implem5tation ,day ( ! ,,jcpoa on ,janu>y #af1 #bjaf1 & ,may #d1 #bjag1 ,iran ,air op]at$ at lea/ #acd flights to ,syria1 :i* includ$ /ops 9 ,abadan1 ,iran1 a suspect$ ,,irgc logi/ical hub = airlifts to ! ,assad regime4 7#aj7 ,9 ,novemb] #bjaf correspond5ce to ! ,*airman ( ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives1 ! ,dep>tm5t ( ! ,treasury not$ t ! commitm5t to deli/ ,iran ,air "u ! ,,jcpoa does n affect our ability to designate1 or re-designate1 any ,iranian airl9e t engages 9 sanctionable activity4 ,! ,unit$ ,/ates reta9s ! ability to designate any individual or entity t engages 9 sanctionable activities "u our au?orities t>get+ conduct outside ! scope ( ! ,,jcpoa1 includ+ ,iran's support = t]rorism1 human rights abuses1 balli/ic missile program1 & o!r de/abiliz+ activities 9 ! region44 7#aa7 ,9 ,april #bjag1 ,iran ann\nc$ a deal = ,aseman ,airl9es to pur*ase up to #fj comm]cial aircraft1 a transaction t w\ld require au?orization by ,,(ac4 ,aseman ,airl9es' *ief executive (fic]1 ,hosse9 ,alaei1 has = decades s]v$ z a s5ior memb] ( ! ,,irgc4 #c4 ,c]tifications = aircraft-relat$ transactions by ,unit$ ,/ates & =eign f9ancial in/itutions 7a7 ,9 g5]al ,n lat] ?an #cj days aft] au?oriz+ a transaction by a ,unit$ ,/ates f9ancial in/itution or a =eign f9ancial in/itution 9 connection ) ! export or re-export ( a comm]cial pass5g] aircraft to ,iran 7or1 = an au?orization made aft] ,janu>y #af1 #bjaf1 b be=e ! date ( ! enactm5t ( ?is ,act1 n lat] ?an #fj days aft] su* date ( enactm5t71 & e #ahj days !reaft] = ! duration ( ! au?orization1 ! ,secret>y %all submit a report describ$ 9 subsection 7b7 to ! appropriate congressional committees4 7b7 ,report ) respect to f9ancial in/itutions' ,iran-,relat$ transactions & due dilig5ce ,a report describ$ 9 ?is subsection is a report t conta9s-- 7#a7 a li/ ( f9ancial in/itutions t1 aft] ,janu>y #af1 #bjaf1 h conduct$ transactions au?oriz$ by ! ,secret>y 9 connection ) ! export or re-export ( comm]cial pass5g] aircraft to ,iran2 & 7#b7 ) respect to ! transaction by a f9ancial in/itution describ$ 9 subsection 7a71 ei!r-- 7,a7 a c]tification t-- 7i7 ! transaction does n pose a significant money laund]+ or t]rorism f9anc+ risk to ! ,unit$ ,/ates f9ancial sy/em2 7ii7 ! transaction w n b5efit an ,iranian p]son t1 s9ce ! date t is "o ye> prec$+ ! date ( ! c]tification-- 7,i7 has kn[+ly transport$ items us$ = ! prolif]ation ( weapons ( mass de/ruction1 includ+ sy/ems design$ 9 :ole or 9 "p = ! deliv]y ( su* weapons2 or 7,,ii7 has kn[+ly provid$ transportation s]vices or mat]ial support =1 or on behalf (1 any p]son designat$ "u-- 7aa7 ,executive ,ord] #acbbd 7#ej ,u4,s4,c4 #agja note2 relat+ to block+ prop]ty & prohibit+ transactions ) p]sons :o commit1 ?reat5 to commit1 or support t]rorism72 7bb7 ,executive ,ord] #acchb 7#ej ,u4,s4,c4 #agja note2 relat+ to block+ prop]ty ( weapons ( mass de/ruction deliv]y sy/em prolif]ators & _! support]s72 or 7cc7 ,executive ,ord] #acegb 7#ej ,u4,s4,c4 #agja note2 relat+ to block+ prop]ty ( c]ta9 p]sons ) respect to human rights abuses 9 ,syria72 & 7iii7 any f9ancial in/itution describ$ 9 p>agraph 7#a7 has _h s9ce ! date su* au?orization 0 made1 or1 if ! au?orization is no long] 9 effect1 _h = ! duration ( su* au?orization1 appropriate policies1 proc$ures1 & processes 9 place to avoid engag+ 9 sanctionable activities t may result f ! f9ancial in/itution's exposure to ,iran2 or 7,b7 a /atem5t t ! ,secret>y is unable to make ! c]tification describ$ 9 subp>agraph 7,a7 & a notice t ! ,secret>y w1 n lat] ?an #fj days aft] ! date ! det]m9ation is submitt$ to ! appropriate congressional committees1 submit a report on non-c]tification describ$ 9 subsection 7c7 to ! appropriate congressional committees4 7c7 ,report on non-,c]tification ,a report on non-c]tification describ$ 9 ?is subsection is a report ) respect to a transaction by a f9ancial in/itution describ$ 9 subsection 7a7 t conta9s-- 7#a7 a detail$ explanation = :y ! ,secret>y is unable to make ! c]tification describ$ "u subsection 7b77#b77;,a7 ) respect to ! transaction2 7#b7 a notification ( :e!r ! ,secret>y w-- 7,a7 n am5d ! au?orization ( ! transaction ) respect to ! f9ancial in/itution1 not)/&+ su* non-c]tification2 7,b7 susp5d ! au?orization until ! ,secret>y is able to make su* c]tification2 7,c7 revoke ! au?orization2 or 7,d7 o!rwise am5d ! au?orization2 & 7#c7 an explanation ( ! reasons = any action to be tak5 describ$ 9 p>agraph 7#b74 7d7 ,waiv] ,! ,presid5t may waive1 on a case-by-case basis1 ! provisions ( ?is section = up to "o ye> at a "t ^u c]tify+ to ! appropriate congressional committees t-- 7#a7 ! ,gov]nm5t ( ,iran has-- 7,a7 made sub/antial progress t[>ds combat+ money laund]+ & t]rorism f9anc+ risk emanat+ f ,iran2 or 7,b7 significantly r$uc$ ,iran's-- 7i7 de/abiliz+ activities 9 ! region2 or 7ii7 mat]ial support = t]rori/ gr\ps2 or 7#b7 su* waiv] is important to ! national security int]e/s ( ! ,unit$ ,/ates1 ) an explanation ( ! reasons !re=4 7e7 ,t]m9ation ,?is section %all cease to be effective on ! date t is #cj days aft] ! date on :i* ! ,presid5t c]tifies to ! appropriate congressional committees t-- 7#a7 7,a7 ! ,secret>y does n f9d1 "u section #ecah;,a ( title #ca1 ,unit$ ,/ates ,code1 t reasonable gr\nds exi/ = conclud+ t ,iran is a jurisdiction ( prim>y money laund]+ conc]n2 & 7,b7 ,iran has ceas$ provid+ support = acts ( int]national t]rorism2 or 7#b7 t]m9at+ ! provisions ( ?is section is vital to ! national security int]e/s ( ! ,unit$ ,/ates1 ) an explanation ( ! reasons !re=4 7f7 ,def9itions ,9 ?is section3 7#a7 ,appropriate congressional committees ,! t]m appropriate congressional committees means-- 7,a7 ! ,committee on ,f9ancial ,s]vices & ! ,committee on ,=eign ,affairs ( ! ,h\se ( ,repres5tatives2 & 7,b7 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs & ! ,committee on ,=eign ,relations ( ! ,s5ate4 7#b7 ,f9ancial in/itution ,! t]m f9ancial in/itution means a ,unit$ ,/ates f9ancial in/itution or a =eign f9ancial in/itution4 7#c7 ,=eign f9ancial in/itution ,! t]m =eign f9ancial in/itution has ! mean+ giv5 t t]m 9 section #efa4cjh ( title #ca1 ,code ( ,f$]al ,regulations4 7#d7 ,kn[+ly ,! t]m kn[+ly ) respect to conduct1 a circum/ance1 or a result1 means t a p]son has actual k1 or %\ld h kn[n1 ( ! conduct1 ! circum/ance1 or ! result4 7#e7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ! ,treasury4 7#f7 ,unit$ ,/ates f9ancial in/itution ,! t]m ,unit$ ,/ates f9ancial in/itution has ! mean+ giv5 ! t]m ,u4,s4 f9ancial in/itution 9 section #efa4cji ( title #ca1 ,code ( ,f$]al ,regulations4