Government of Iran is no longer engaged in support for 
terrorism, pursuit of weapons of mass destruction, and 
any illicit and deceptive financial activities. 
(c) FORM.—The certification described in subsection 
(b) shall be submitted in unclassified form, but may con-
tain a classified annex. 
(d) DEFINITION.—In this section, the term ‘‘appro-
priate congressional committees’’ means— 
(1) the Committee on Foreign Affairs and the 
Committee on Financial Services of the House of 
Representatives; and 
(2) the Committee on Banking, Housing, and 
Urban Affairs of the Senate. 
SEC. 5. APPLICABILITY OF CONGRESSIONAL REVIEW OF 
CERTAIN AGENCY RULEMAKING RELATING 
TO IRAN. 
(a) IN GENERAL.—Notwithstanding any other provi-
sion of law, any rule to amend or otherwise alter a covered 
regulatory provision as defined in subsection (c) that is 
published on or after the date of the enactment of this 
Act shall be deemed to be a rule or major rule (as the 
case may be) for purposes of chapter 8 of title 5, United 
States Code, and shall be subject to all applicable require-
ments of chapter 8 of title 5, United States Code.
(b) QUARTERLY REPORTS.—Not later than 60 days 
after the date of the enactment of this Act, and every 90 
days thereafter, the head of the applicable department or 
agency of the Federal Government shall submit to the ap-
propriate congressional committees a report on the oper-
ation of the licensing system under each covered regu-
latory provision as defined in subsection (c) for the pre-
ceding 2-year period, including— 
(1) the number and types of licenses applied 
for; 
(2) the number and types of licenses approved; 
(3) a summary of each license approved; 
(4) a summary of transactions conducted pur-
suant to a general license; 
(5) the average amount of time elapsed from 
the date of filing of a license application until the 
date of its approval; 
(6) the extent to which the licensing procedures 
were effectively implemented; and 
(7) a description of comments received from in-
terested parties about the extent to which the licens-
ing procedures were effective, after the applicable 
department or agency holds a public 30-day com-
ment period.
(c) DEFINITION.—In this section, the term ‘‘covered 
regulatory provision’’ means any provision of part 535, 
560, 561, or 1060 of title 31, Code of Federal Regula-
tions, as such part was in effect on June 1, 2015. 
SEC. 6. PROHIBITIONS AND CONDITIONS WITH RESPECT TO 
CERTAIN ACCOUNTS HELD BY FOREIGN FI-
NANCIAL INSTITUTIONS. 
Section 104(c)(2)(A)(ii) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 
(22 U.S.C. 8513(c)(2)(A)(ii)) is amended by adding at the 
end before the semicolon the following: ‘‘, including 
Hezbollah, Hamas, the Palestinian Islamic Jihad, and any 
affiliates or successors thereof’’. 
SEC. 7. DEFINITIONS. 
In this Act: 
(1) APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES.—The term ‘‘appropriate congressional com-
mittees’’ has the meaning given the term in section 
14(2) of the Iran Sanctions Act of 1996 (Public 
Law 104–172; 50 U.S.C. 1701 note). 
(2) JOINT COMPREHENSIVE PLAN OF ACTION.— 
The term ‘‘Joint Comprehensive Plan of Action’’ 
means the Joint Comprehensive Plan of Action, 
signed at Vienna July 14, 2015, by Iran and by the 
People’s Republic of China, France, Germany, the
Russian Federation, the United Kingdom and the 
United States, with the High Representative of the 
European Union for Foreign Affairs and Security 
Policy, and all implementing materials and agree-
ments related to the Joint Comprehensive Plan of 
Action, and transmitted by the President to Con-
gress on July 19, 2015, pursuant to section 135(a) 
of the Atomic Energy Act of 1954, as amended by 
the Iran Nuclear Agreement Review Act of 2015 
(Public Law 114–17; 129 Stat. 201). 
Passed the House of Representatives February 2, 
2016. 
Attest: 
Clerk.
114TH CONGRESS 
2D SESSION 
H. R. 3662 
AN ACT 
To enhance congressional oversight over the admin-
istration of sanctions against certain Iranian ter-
rorism financiers, and for other purposes.