122 
SEC. 408. IRGC WATCH LIST AND REPORT. 
(a) IN GENERAL.—The Secretary of the Treasury 
shall establish, maintain, and publish in the Federal Reg-
ister a list (to be known as the ‘‘IRGC Watch List’’) of— 
(1) each entity in which the IRGC has an own-
ership interest of less than 25 percent; 
(2) each entity in which the IRGC does not 
have an ownership interest if the IRGC maintains a 
presence on the board of directors of the entity or 
otherwise influences the actions, policies, or per-
sonnel decisions of the entity; and 
(3) each person that owns or controls an entity 
described in paragraph (1) or (2). 
(b) REPORTS REQUIRED.— 
(1) TREASURY REPORT.— 
(A) IN GENERAL.—Not later than 90 days 
after the date of the enactment of this Act, and 
annually thereafter, the Secretary of the Treas-
ury shall submit to the appropriate congres-
sional committees a report that includes— 
(i) the list required by subsection (a) 
and, in the case of any report submitted 
under this subparagraph after the first 
such report, any changes to the list since 
the submission of the preceding such re-
port; and 
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123 
(ii) an assessment of the role of the 
IRGC in, and its penetration into, the 
economy of Iran. 
(B) FORM OF REPORT.—Each report re-
quired by subparagraph (A) shall be submitted 
in unclassified form, but may include a classi-
fied annex if necessary. The unclassified portion 
of such report shall be made available on a pub-
licly available internet website of the Federal 
Government. 
(2) GOVERNMENT ACCOUNTABILITY OFFICE RE-
PORT.— 
(A) IN GENERAL.—The Comptroller Gen-
eral of the United States shall— 
(i) conduct a review of the list re-
quired by subsection (a); and 
(ii) not later than 180 days after each 
report required by paragraph (1) is sub-
mitted to Congress, submit to Congress a 
report on the review conducted under 
clause (i). 
(B) CONSULTATIONS.—In preparing the 
report required by subparagraph (A)(ii), the 
Comptroller General shall consult with non-
governmental organizations. 
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124 
(c) APPROPRIATE CONGRESSIONAL COMMITTEES DE-
FINED.—In this section, the term ‘‘appropriate congres-
sional committees’’ means— 
(1) the Committee on Armed Services, the 
Committee on Foreign Affairs, the Committee on Fi-
nancial Services of the House of Representatives; 
and 
(2) the Committee on Armed Services, the 
Committee on Foreign Relations, and the Committee 
on Banking, Housing, and Urban Affairs of the Sen-
ate. 
SEC. 409. REPORT ON IRAN’S BREAKOUT TIMELINE FOR 
URANIUM 
ENRICHMENT 
AND 
NUCLEAR 
WEAPONIZATION. 
(a) REPORTING REQUIREMENT.—Not later than 180 
days after the date of the enactment of this Act, and annu-
ally thereafter, the Secretary of the State, in consultation 
with the Director of National Intelligence, shall submit to 
the appropriate congressional committees a report that in-
cludes— 
(1) an assessment of Iran’s estimated breakout 
timeline for uranium enrichment to achieve the 
fissile material necessary for a nuclear weapon; and 
(2) 
an 
assessment 
of 
Iran’s 
estimated 
weaponization timeline to obtain a nuclear weapon. 
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125 
(b) APPROPRIATE
CONGRESSIONAL
COMMITTEES 
DEFINED.—In this section, the term ‘‘appropriate con-
gressional committees’’ means— 
(1) the Committee on Armed Services, the 
Committee on Foreign Affairs, the Committee on Fi-
nancial Services of the House of Representatives; 
and 
(2) the Committee on Armed Services, the 
Committee on Foreign Relations, the Committee on 
Banking, Housing, and Urban Affairs, and the Com-
mittee on the Judiciary of the Senate. 
SEC. 410. REPORT ON IRANIAN DISINFORMATION CAM-
PAIGNS AND COUNTER-DISINFORMATION EF-
FORTS. 
(a) REPORTING REQUIREMENT.—Not later than 180 
days after the enactment of this Act, and annually there-
after, the Global Engagement Center (GEC) of the De-
partment of State shall submit to the appropriate congres-
sional committees a report describing— 
(1) the scope of Iranian disinformation efforts 
around the world including in the United States; 
(2) the objectives of Iran’s disinformation cam-
paign, the means used by Iran to further such cam-
paigns, and the mechanisms by which Iran spreads 
disinformation and propaganda; and 
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126 
(3) a detailed strategy regarding how the GEC 
intends to counter disinformation efforts conducted 
by Iran. 
(b) FORM.—The report required by subsection (a) 
shall be submitted in unclassified form, but may include 
a classified annex if necessary. The unclassified portion 
of such report shall be made available on a publicly avail-
able internet website of the Federal Government. 
(c) APPROPRIATE CONGRESSIONAL COMMITTEES DE-
FINED.—In this section, the term ‘‘appropriate congres-
sional committees’’ means— 
(1) the Committee on Armed Services, the 
Committee on Foreign Affairs, the Committee on Fi-
nancial Services of the House of Representatives; 
and 
(2) the Committee on Armed Services, the 
Committee on Foreign Relations, the Committee on 
Banking, Housing, and Urban Affairs, and the Com-
mittee on the Judiciary of the Senate. 
SEC. 411. REPORT ON IRANIAN SUPPORT TO HAMAS. 
(a) REPORTING REQUIREMENT.—Not later than 180 
days after the date of enactment of this Act, and annually 
thereafter, the Director of National Intelligence shall sub-
mit to the appropriate congressional committees a report 
describing— 
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