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[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 1682 Introduced in Senate (IS)]

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.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Iran Sanctions Relief Oversight Act 
of 2015''.

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

    Section 13(b) of the Iran Sanctions Act of 1996 (Public Law 104-
172; 50 U.S.C. 1701 note) is amended by striking ``December 31, 2016'' 
and inserting ``December 31, 2026''.

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

    (a) In General.--Not later than 180 days after the date of the 
enactment of this Act, and every 180 days thereafter, the Secretary of 
the Treasury, in consultation with the Director of National 
Intelligence, shall submit to the appropriate congressional committees 
a report assessing the following:
            (1) The monetary value of any direct or indirect forms of 
        sanctions relief that Iran has received since the Joint Plan of 
        Action first entered into effect.
            (2) How Iran has used funds made available through 
        sanctions relief, including the extent to which any such funds 
        have facilitated the ability of Iran--
                    (A) to provide support for--
                            (i) any individual or entity designated for 
                        the imposition of sanctions for activities 
                        relating to international terrorism pursuant to 
                        an Executive order or by the Office of Foreign 
                        Assets Control of the Department of the 
                        Treasury on or before the date of the enactment 
                        of this Act;
                            (ii) any organization designated by the 
                        Secretary of State as a foreign terrorist 
                        organization under section 219(a) of the 
                        Immigration and Nationality Act (8 U.S.C. 
                        1189(a)) on or before the date of the enactment 
                        of this Act;
                            (iii) any other terrorist organization, 
                        including Hamas, Hezbollah, or Palestinian 
                        Islamic Jihad; or
                            (iv) the regime of Bashar al-Assad in 
                        Syria;
                    (B) to advance the efforts of Iran or any other 
                country to develop nuclear weapons or ballistic 
                missiles overtly or covertly; or
                    (C) to commit any violation of the human rights of 
                the people of Iran.
            (3) The extent to which any senior officials of the 
        Government of Iran have diverted any funds from sanctions 
        relief into their personal accounts.
    (b) Form of Reports.--Each report required by subsection (a) shall 
be submitted in unclassified form, but may include a classified annex.
    (c) Definitions.--In this section:
            (1) Appropriate congressional committees.--The term 
        ``appropriate congressional committees'' has the meaning given 
        that term in section 14 of the Iran Sanctions Act of 1996 
        (Public Law 104-172; 50 U.S.C. 1701 note).
            (2) Joint plan of action.--The term ``Joint Plan of 
        Action'' means the Joint Plan of Action, signed at Geneva 
        November 24, 2013, by Iran and by France, Germany, the Russian 
        Federation, the People's Republic of China, the United Kingdom, 
        and the United States, and all implementing materials and 
        agreements related to the Joint Plan of Action, including the 
        technical understandings reached on January 12, 2014, the 
        extension thereto agreed to on July 18, 2014, and the extension 
        thereto agreed to on November 24, 2014.
                                 <all>
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