,,ii  #aaeth ,,congress  #b;d ,session  
,s4 #bcec  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,january #bi1  
#bjah,mr4 ,cotton 7for himself and ,mr4 
,hatch7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to require 
the ,secretary of the ,treasury to      
report 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      
,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   
7in this ,act referred to as the        
,,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 the  
,treasury in #bjaa designated ,iran's   
financial sector as a jurisdiction of   
primary money laundering concern under  
section #ecah;,a of title #ca1 ,united  
,states ,code1 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 7in this
 section referred to as ,,fatf7 among   
the high-risk and non-cooperative       
jurisdictions1 jurisdictions that ,,fatf
 perceives to be non-cooperative in the 
global fight against terrorist finance  
and money laundering4  7#f7 ,iran and   
,north ,korea are the only countries    
listed by the ,,fatf as high-risk and   
non-cooperative jurisdictions against   
which countries that are members of     
,,fatf should take measures4  7#g7 ,the 
,transparency ,international index of   
perceived public corruption ranks ,iran 
#acast out of #agf countries surveyed4  
7#h7 ,the ,department of ,state         
identified ,iran as a major             
money-laundering country in its         
,international ,narcotics ,control      
,strategy ,report for #bjaf4  7#i7 ,the 
,department of ,state currently         
identifies ,iran1 along with ,north     
,korea1 ,sudan1 and ,syria1 as a state  
sponsor of terrorism1 for having        
repeatedly provided support for acts of 

international terrorism4  7#aj7 ,the    
,department of ,state's ,country        
,reports on ,terrorism for #bjad1 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 ,government of ,iran'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 #a_/c
 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 citizen of     
,iran4  #c4 ,report relating to assets  
of ,iranian leaders and senior political
 figures  7a7 ,in general ,not later    
than #bgj days after the date of the    
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 and related illicit finance 
and to make financial institutions'     
required compliance with sanctions more 
easily understood1 submit to the        
appropriate congressional committees a  
report containing--  7#a7 the estimated 
total funds or other assets held in     
accounts at ,united ,states and foreign 
financial institutions that are under   
direct or indirect control of each      
individual described in subsection 7b7  
and a description of such funds or      
assets2  7#b7 an identification of any  
equity interest such an individual has  
in an entity on the list of specially   
designated nationals and blocked persons
 maintained by the ,office of ,foreign  
,assets ,control of the ,department of  
the ,treasury or in any other entity    
with respect to which sanctions are     
imposed2  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 ,united ,states financial   
system by individuals described in      
subsection 7b72  7#e7 recommendations   
for how ,united ,states economic        
sanctions against ,iran may be revised  
to prevent the funds or other assets    
described in paragraph 7#a7 from being  
used by individuals described in        
subsection 7b7 to contribute--  7,a7 to 
the continued development1 testing1 and 
procurement of ballistic missile        
technology by ,iran2 and  7,b7 to human 
rights abuses2  7#f7 an assessment of   
the impact and effectiveness of ,united 
,states economic sanctions programs     
against ,iran2  7#g7 a description of   
how the ,department of the ,treasury    
assesses the impact and effectiveness of
 ,united ,states economic sanctions     
programs against ,iran2 and  7#h7       
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 7#ej ,u4,s4,c4   
#agja et seq47 or any other provision of
 law4  7b7 ,individuals described ,the  
individuals 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 ,each report required by   
subsection 7a7 shall be submitted in    
unclassified form but may contain a     
classified annex4  7#b7 ,public         
availability ,the unclassified portion  
of a report required by subsection 7a7  

shall be made available to the public   
and posted on a publicly available      
,internet 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      
required by 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 ,in   
this section3 7#a7 ,appropriate         
congressional committees ,the term      
appropriate congressional committees    
means--  7,a7 the ,committee on         
,financial ,services and the ,committee 
on ,foreign ,affairs of the ,house of   

,representatives2 and  7,b7 the         
,committee on ,banking1 ,housing1 and   
,urban ,affairs and the ,committee on   
,foreign ,relations of the ,senate4     
7#b7 ,funds ,the term funds means-- 7,a7
 cash2  7,b7 equity2  7,c7 any other    
intangible asset the value of which is  
derived from a contractual claim1       
including bank deposits1 bonds1 stocks1 
a security 7as defined in section #b7;a7
 of the ,securities ,act of #aicc 7#ae  
,u4,s4,c4 #gg;b7a7771 or a security or  
an equity security 7as defined in       
section #c7;a7 of the ,securities       
,exchange ,act of #aicd 7#ae ,u4,s4,c4  
#gh;c7a7772 and  7,d7 any other asset   
that the ,secretary determines          
appropriate4  #d4 ,sense of ,congress   
,it is the sense of ,congress that1 in  
preparing the reports required by       
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 agencies to 
have new insights into commercial and   
financial relationships4