I 
117TH CONGRESS 
2D SESSION 
H. R. 8439 
To modify the requirements of congressional review and oversight of 
agreements with Iran. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 20, 2022 
Mr. BACON introduced the following bill; which was referred to the Committee 
on Foreign Affairs, and in addition to the Committee on Rules, for a pe-
riod to be subsequently determined by the Speaker, in each case for con-
sideration of such provisions as fall within the jurisdiction of the com-
mittee concerned 
A BILL 
To modify the requirements of congressional review and 
oversight of agreements with Iran. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
The Act may be cited as the ‘‘INARA Reforms Act’’. 
SEC. 2. MODIFICATION OF CONGRESSIONAL REVIEW AND 
OVERSIGHT OF AGREEMENTS WITH IRAN. 
(a) PERIOD FOR REVIEW.—Subsection (b) of section 
135 of the Atomic Energy Act of 1954 (42 U.S.C. 2160e) 
is amended— 
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(1) in paragraph (1), by striking ‘‘30’’ and in-
serting ‘‘60’’; and 
(2) by striking paragraph (2). 
(b) CONGRESSIONAL OVERSIGHT.—Subsection (d) of 
such section is amended— 
(1) in paragraph (5), by adding at the end the 
following: 
‘‘(C) DEPARTMENT OF THE TREASURY RE-
PORTS.— 
‘‘(i) INITIAL
REPORTS.—Not later 
than 15 days after submission of an agree-
ment described in subsection (a), the Sec-
retary of the Treasury shall submit to the 
appropriate congressional committees a re-
port describing the estimated financial ben-
efit to Iran from the agreement, including 
the immediate financial benefit to Iran in 
the form of access to frozen currency re-
serves, and an estimate of the one-year 
and five-year impacts to Iran’s economy as 
a result of sanctions lifted. This estimate 
should include a comparison of projected 
GDP growth broken down by government 
expenditures, export and import revenue, 
and investments. 
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‘‘(ii) SUBSEQUENT
REPORTS.—Not 
later than 360 days after the submission of 
an agreement described in subsection (a) 
and annually thereafter for a period of five 
years, the Secretary of the Treasury, in co-
ordination with the Secretary of State, 
shall submit to the appropriate congres-
sional committees a report describing 
trends and changes in Iran’s government 
spending from the prior year. This report 
should include an unclassified estimate of 
Iran’s expenditures on the Islamic Revolu-
tion Guard Corps, the Basij, overall mili-
tary spending, and aggregate support to 
military 
proxies 
including 
Hezbollah, 
Hamas, and Houthi militias.’’; and 
(2) in paragraph (6), by inserting after ‘‘After 
the review period provided in subsection (b),’’ the 
following: ‘‘and regardless of the United States’ par-
ticipation in any such agreement described in this 
provision of law,’’. 
(c) EXTENSION OF LEGISLATIVE SNAPBACK WIN-
DOW.—Subsection (e)(1)(A) of such section is amended by 
striking ‘‘60 calendar days’’ and inserting ‘‘90 calendar 
days’’. 
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(d) DEFINITIONS.—Subsection (h)(1) of such section 
is amended by adding at the end the following: ‘‘The term 
‘agreement’ shall be construed to mean an agreement re-
gardless of whether a similar agreement has already been 
submitted to Congress subject to this provision of law or 
whether this agreement is seeking the re-implementation 
of a previous agreement.’’. 
Æ 
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