(1) The Joint Comprehensive Plan of Action 
(‘‘JCPOA’’) was agreed to on July 14, 2015, and 
adopted in October 2015. 
(2) According to statements by Iranian officials, 
Iran entered into the agreement in order to improve 
its domestic economic situation, brought about, ac-
cording to experts, by economic mismanagement on 
the part of Iran’s leadership and by highly success-
ful sanctions targeting Iran’s energy and banking 
sectors. 
(3) Notwithstanding the implementation of the 
JCPOA and the aspirations of Iran’s clerical leader-
ship to moderate its behavior, Iran continues to en-
gage in regionally destabilizing activities, including 
support for terrorist proxies and illegal testing of 
ballistic missiles. 
(4) Meanwhile, Iran’s economy continued to 
sputter after the implementation of the JCPOA, ac-
cording to experts, despite the lifting or easing of 
many sanctions. 
(5) On December 29, 2017, peaceful protests 
broke out in several Iranian cities against Iran’s 
leadership based on economic discontent. 
(6) In response to the protests, Iran’s political 
leadership criticized the United States for ‘‘failing to 
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uphold’’ its commitments under the JCPOA, while 
Supreme Leader Khamenei blamed ‘‘enemies’’ for 
the protests. 
(7) However, according to the Financial Action 
Task Force, Iran has failed to improve its banking 
system or establish adequate accountability meas-
ures with respect to money laundering to attract for-
eign investment. 
(8) Iran’s Islamic Revolutionary Guard Corps, 
an entity included on the list of specially designated 
nationals and blocked persons maintained by the Of-
fice of Foreign Assets Control of the Department of 
the Treasury for its destabilizing activities, also con-
trols major aspects of Iran’s economy, which has a 
further chilling effect on foreign investment in Iran. 
SEC. 3. SENSE OF CONGRESS. 
It is the sense of Congress that— 
(1) in the absence of sanctions relating to nu-
clear activity, Iran’s economic woes are a function of 
poor management, sclerotic policies, the control of 
the Islamic Revolutionary Guard Corps (‘‘IRGC’’) 
over major industries, and continued foreign con-
cerns about Iran’s destabilizing activities, including 
ballistic missile launches and support for terrorist 
proxies; 
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(2) Iranian leaders should dedicate resources to 
domestic spending instead of foreign adventurism 
and implement the financial recommendations made 
by the Financial Action Task Force with respect to 
money laundering; and 
(3) the United States and its partners should 
have a firm sense of how much Iran spends, includ-
ing spending by the IRGC, on hostile foreign activi-
ties. 
SEC. 4. REPORT. 
(a) IN GENERAL.—Not later than 90 days after the 
enactment of this Act, and annually thereafter until the 
date described in subsection (c), the Secretary of State, 
in consultation with the Director of National Intelligence, 
shall submit to Congress a report describing Iranian ex-
penditures in the previous calendar year on military and 
terrorist activities outside the country, including each of 
the following: 
(1) The amount spent in such calendar year on 
activities by the Islamic Revolutionary Guard Corps, 
including activities providing support for— 
(A) Hezbollah; 
(B) Houthi rebels in Yemen; 
(C) Hamas; 
(D) proxy forces in Iraq and Syria; or 
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(E) any other entity or country the Sec-
retary determines to be relevant. 
(2) The amount spent in such calendar year for 
ballistic missile research and testing or other activi-
ties that the Secretary of State determines are de-
stabilizing to the Middle East region. 
(b) FORM.— 
(1) IN GENERAL.—The report required under 
subsection (a) shall be submitted in unclassified 
form, but may include a classified annex. 
(2) INCLUSION IN ANNUAL COUNTRY REPORTS 
ON TERRORISM.—The Secretary of State may issue 
the reports required under subsection (a) by includ-
ing such reports in the annual reports required by 
section 140 of the Foreign Relations Authorization 
Act, Fiscal Years 1988 and 1989 (22 U.S.C. 2656f). 
(c) EXPIRATION DATE.—The date described in this 
subsection is the date on which the Secretary of State de-
termines that the government of Iran no longer provides 
support for international terrorism pursuant to the fol-
lowing: 
(1) Section 6(j) of the Export Administration 
Act of 1979 (as continued in effect under the Inter-
national Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.)). 
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(2) Section 620A of the Foreign Assistance Act 
of 1961 (22 U.S.C. 2371). 
(3) Section 40 of the Arms Export Control Act 
(22 U.S.C. 2780). 
Æ 
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