I 
111TH CONGRESS 
2D SESSION 
H. R. 5833 
To amend the Securities Exchange Act of 1934 to require issuers to make 
disclosures related to Iranian investments, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 22, 2010 
Mr. DEUTCH (for himself, Ms. ROS-LEHTINEN, Mr. ACKERMAN, Mr. BURTON 
of Indiana, and Mr. KLEIN of Florida) introduced the following bill; 
which was referred to the Committee on Financial Services 
A BILL 
To amend the Securities Exchange Act of 1934 to require 
issuers to make disclosures related to Iranian invest-
ments, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Iran Transparency and 
Accountability Act of 2010’’ or the ‘‘ITA Act of 2010’’. 
SEC. 2. DISCLOSURES REQUIRED. 
(a) IN GENERAL.—Section 13 of the Securities Ex-
change Act of 1934 is amended by adding at the end the 
following new subsection: 
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‘‘(m) DISCLOSURE OF IRANIAN INVESTMENTS.— 
‘‘(1) GENERAL DISCLOSURE REQUIRED.—Each 
issuer required to file an annual or quarterly report 
under subsection (a) shall include with such report 
a statement of whether, during the period since the 
issuer made the last such report, the issuer, or any 
subsidiary or affiliate of the issuer— 
‘‘(A) engaged in any activity that is a cov-
ered activity; 
‘‘(B) knowingly engaged in an activity de-
scribed under section 104(c)(2) of the Com-
prehensive Iran Sanctions, Accountability, and 
Divestment Act of 2010 or knowingly violated 
regulations prescribed under section 104(d)(1) 
or 104(e)(1) of such Act; or 
‘‘(C) has had any ties to a company des-
ignated by the Secretary of the Treasury or the 
Secretary of State under Executive Order 
13382 for contributing or supporting the pro-
liferation activities of Iran. 
‘‘(2) SPECIFIC DISCLOSURE REQUIRED.—If the 
issuer, or any subsidiary or affiliate of the issuer, re-
ports under paragraph (1)(A) that it has engaged in 
any activity that is a covered activity, then with re-
spect to each such activity that is a covered entity, 
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the issuer shall include with the statement described 
under paragraph (1) a detailed description of each 
such activity, including— 
‘‘(A) the nature and extent of such activ-
ity; 
‘‘(B) the revenues and profits, if any, at-
tributable to such activity; and 
‘‘(C) whether the issuer, or the subsidiary 
or affiliate of the issuer, as applicable, intends 
to continue such activity. 
‘‘(3) INVESTIGATION OF DISCLOSURES.—With 
respect to any issuer that, in a statement described 
under paragraph (1), states that the issuer, or any 
subsidiary or affiliate of the issuer, engaged in any 
activity that is a covered activity, the President shall 
carry out an investigation upon receipt of such re-
port to determine if the issuer, or the subsidiary or 
affiliate of the issuer, should be subject to sanctions 
under section 5 of the Iran Sanctions Act of 1996. 
‘‘(4) PUBLIC DISCLOSURE OF INFORMATION.— 
With respect to any information received by the 
Commission pursuant to paragraph (1) or (2), the 
Commission shall— 
‘‘(A) make such information available to 
the public, including on a dedicated location on 
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the Commission’s website that lists all issuers 
from which the Commission received informa-
tion pursuant to paragraph (1) or (2); 
‘‘(B) provide a copy of such information to 
the Secretary of State; 
‘‘(C) provide a copy of such information to 
the Secretary of the Treasury; 
‘‘(D) provide a copy of such information to 
the Administrator of the General Services Ad-
ministration; and 
‘‘(E) provide a copy to the Committees on 
Foreign Affairs and Financial Services of the 
House of Representatives and the Committees 
on Foreign Relations and Banking, Housing, 
and Urban Affairs of the Senate. 
‘‘(5) COVERED ACTIVITY DEFINED.—For pur-
poses of this subsection, the term ‘covered activity’ 
means an activity is of a type and involving an 
amount that could subject the issuer, or the sub-
sidiary or affiliate of the issuer, as applicable, to 
sanctions under section 5 of the Iran Sanctions Act 
of 1996. 
‘‘(6) SUNSET.—The provisions of this sub-
section shall terminate on the date on which the 
President certifies to Congress that— 
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‘‘(A) the Government of Iran has ceased 
providing support for acts of international ter-
rorism and no longer satisfies the requirements 
for designation as a state sponsor of terrorism 
under— 
‘‘(i) section 6(j)(1)(A) of the Export 
Administration Act of 1979 (50 U.S.C. 
App. 2405(j)(1)(A)); 
‘‘(ii) section 40(d) of the Arms Export 
Control Act (22 U.S.C. 2780(d)); or 
‘‘(iii) section 620A(a) of the Foreign 
Assistance 
Act 
of 
1961 
(22 
U.S.C. 
2371(a)); and 
‘‘(B) Iran has ceased the pursuit, acquisi-
tion, and development of nuclear, biological, 
and chemical weapons and ballistic missiles and 
ballistic missile launch technology.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) shall take effect with respect to reports re-
quired to be filed with the Securities and Exchange Act 
after the end of the 90-day period beginning on the date 
of the enactment of this Act. 
Æ 
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