II 

114TH CONGRESS 

1ST SESSION S. 1682 

To extend the Iran Sanctions Act of 1996 and to require the Secretary 

of the Treasury to report on the use by Iran of funds made available 

through sanctions relief. 

IN THE SENATE OF THE UNITED STATES 

JUNE 25, 2015 

Mr. KIRK (for himself and Mr. MENENDEZ) introduced the following bill; 

which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 

A BILL 

To extend the Iran Sanctions Act of 1996 and to require 

the Secretary of the Treasury to report on the use by 

Iran of funds made available through sanctions relief. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Iran Sanctions Relief 

5 Oversight Act of 2015’’. 

6 SEC. 2. EXTENSION OF IRAN SANCTIONS ACT OF 1996. 

7 Section 13(b) of the Iran Sanctions Act of 1996 

8 (Public Law 104–172; 50 U.S.C. 1701 note) is amended 


smartinez on DSK4TPTVN1PROD with BILLS
2 

•S 1682 IS

1 by striking ‘‘December 31, 2016’’ and inserting ‘‘Decem2 ber 31, 2026’’. 

3 SEC. 3. REPORT ON USE BY IRAN OF FUNDS MADE AVAIL4 ABLE THROUGH SANCTIONS RELIEF. 

5 (a) IN GENERAL.—Not later than 180 days after the 

6 date of the enactment of this Act, and every 180 days 

7 thereafter, the Secretary of the Treasury, in consultation 

8 with the Director of National Intelligence, shall submit to 

9 the appropriate congressional committees a report assess10 ing the following: 

11 (1) The monetary value of any direct or indirect 

12 forms of sanctions relief that Iran has received since 

13 the Joint Plan of Action first entered into effect. 

14 (2) How Iran has used funds made available 

15 through sanctions relief, including the extent to 

16 which any such funds have facilitated the ability of 

17 Iran— 

18 (A) to provide support for— 

19 (i) any individual or entity designated 

20 for the imposition of sanctions for activi21 ties relating to international terrorism pur22 suant to an Executive order or by the Of23 fice of Foreign Assets Control of the De24 partment of the Treasury on or before the 

25 date of the enactment of this Act; 


smartinez on DSK4TPTVN1PROD with BILLS
3 

•S 1682 IS

1 (ii) any organization designated by 

2 the Secretary of State as a foreign ter3 rorist organization under section 219(a) of 

4 the Immigration and Nationality Act (8 

5 U.S.C. 1189(a)) on or before the date of 

6 the enactment of this Act; 

7 (iii) any other terrorist organization, 

8 including Hamas, Hezbollah, or Pales9 tinian Islamic Jihad; or 

10 (iv) the regime of Bashar al-Assad in 

11 Syria; 

12 (B) to advance the efforts of Iran or any 

13 other country to develop nuclear weapons or 

14 ballistic missiles overtly or covertly; or 

15 (C) to commit any violation of the human 

16 rights of the people of Iran. 

17 (3) The extent to which any senior officials of 

18 the Government of Iran have diverted any funds 

19 from sanctions relief into their personal accounts. 

20 (b) FORM OF REPORTS.—Each report required by 

21 subsection (a) shall be submitted in unclassified form, but 

22 may include a classified annex. 

23 (c) DEFINITIONS.—In this section: 

24 (1) APPROPRIATE CONGRESSIONAL COMMIT25 TEES.—The term ‘‘appropriate congressional comVerDate Sep 11 2014 00:29 Jun 30, 2015 Jkt 049200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S1682.IS S1682

smartinez on DSK4TPTVN1PROD with BILLS
4 

•S 1682 IS

1 mittees’’ has the meaning given that term in section 

2 14 of the Iran Sanctions Act of 1996 (Public Law 

3 104–172; 50 U.S.C. 1701 note). 

4 (2) JOINT PLAN OF ACTION.—The term ‘‘Joint 

5 Plan of Action’’ means the Joint Plan of Action, 

6 signed at Geneva November 24, 2013, by Iran and 

7 by France, Germany, the Russian Federation, the 

8 People’s Republic of China, the United Kingdom, 

9 and the United States, and all implementing mate10 rials and agreements related to the Joint Plan of 

11 Action, including the technical understandings 

12 reached on January 12, 2014, the extension thereto 

13 agreed to on July 18, 2014, and the extension there14 to agreed to on November 24, 2014. 

Æ 


smartinez on DSK4TPTVN1PROD with BILLS