SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Holding Iranian Lead-
ers Accountable Act of 2023’’. 
SEC. 2. FINDINGS. 
The Congress finds the following: 
(1) Iran is characterized by high levels of offi-
cial and institutional corruption, and substantial in-
volvement by Iran’s security forces, particularly the 
Islamic Revolutionary Guard Corps (IRGC), in the 
economy. 
(2) The Department of Treasury in 2019 des-
ignated the Islamic Republic of Iran’s financial sec-
tor as a jurisdiction of primary money laundering 
concern, concluding, ‘‘Iran has developed covert 
methods for accessing the international financial sys-
tem and pursuing its malign activities, including 
misusing banks and exchange houses, operating pro-
curement networks that utilize front or shell compa-
nies, exploiting commercial shipping, and masking il-
licit transactions using senior officials, including 
those at the Central Bank of Iran (CBI).’’. 
(3) In June 2019, the Financial Action Task 
Force (FATF) urged all jurisdictions to require in-
creased supervisory examination for branches and 
subsidiaries of financial institutions based in Iran. 
The FATF later called upon its members to intro-
duce enhanced relevant reporting mechanisms or 
systematic reporting of financial transactions, and 
require increased external audit requirements, for fi-
nancial groups with respect to any of their branches 
and subsidiaries located in Iran. 
(4) According to the State Department’s 
‘‘Country Reports on Terrorism’’ in 2021, ‘‘Iran 
continued to be the leading state sponsor of ter-
rorism, facilitating a wide range of terrorist and 
other illicit activities around the world. Regionally, 
Iran supported acts of terrorism in Bahrain, Iraq, 
Lebanon, Syria, and Yemen through proxies and 
partner groups such as Hizballah and Hamas.’’. 
SEC. 3. REPORT ON FINANCIAL INSTITUTIONS AND ASSETS 
CONNECTED TO CERTAIN IRANIAN OFFI-
CIALS. 
(a) FINANCIAL INSTITUTIONS
AND ASSETS RE-
PORT.— 
(1) IN
GENERAL.—Not later than 180 days 
after the date of the enactment of this Act, and 
every 2 years thereafter, the President shall submit 
a report to the appropriate Members of Congress 
containing— 
(A) the estimated total funds or assets 
that are under direct or indirect control by each
of the natural persons described under sub-
section (b), and a description of such funds or 
assets, except that the President may limit cov-
erage of the report to not fewer than 5 of such 
natural persons in order to meet the submission 
deadline described under this paragraph; 
(B) a description of how such funds or as-
sets were acquired, and how they have been 
used or employed; 
(C) a list of any non-Iranian financial in-
stitutions that— 
(i) maintain an account in connection 
with funds or assets described in subpara-
graph (A); or 
(ii) knowingly provide significant fi-
nancial services to a natural person cov-
ered by the report; and 
(D) a description of any illicit or corrupt 
means employed to acquire or use such funds or 
assets. 
(2) EXEMPTIONS.—The requirements described 
under paragraph (1) may not be applied with re-
spect to a natural person or a financial institution, 
as the case may be, if the President determines:
(A) The funds or assets described under 
subparagraph (A) of paragraph (1) were ac-
quired through legal or noncorrupt means. 
(B) The natural person has agreed to pro-
vide significant cooperation to the United 
States for an important national security or law 
enforcement purpose with respect to Iran. 
(C) A financial institution that would oth-
erwise be listed in the report required by para-
graph (1) has agreed to— 
(i) no longer maintain an account de-
scribed under subparagraph (C)(i) of para-
graph (1); 
(ii) no longer provide significant fi-
nancial services to a natural person cov-
ered by the report; or 
(iii) provide significant cooperation to 
the United States for an important na-
tional security or law enforcement purpose 
with respect to Iran. 
(3) WAIVER.—The President may waive for up 
to 1 year at a time any requirement under para-
graph (1) with respect to a natural person or a fi-
nancial institution after reporting in writing to the 
appropriate Members of Congress that the waiver is
in the national interest of the United States, with a 
detailed explanation of the reasons therefor. 
(b) PERSONS DESCRIBED.—The natural persons de-
scribed in this subsection are the following: 
(1) The Supreme Leader of Iran. 
(2) The President of Iran. 
(3) The members of the Council of Guardians. 
(4) The members of the Expediency Council. 
(5) The Minister of Intelligence and Security. 
(6) The Commander and the Deputy Com-
mander of the IRGC. 
(7) The Commander and the Deputy Com-
mander of the IRGC Ground Forces. 
(8) The Commander and the Deputy Com-
mander of the IRGC Aerospace Force. 
(9) The Commander and the Deputy Com-
mander of the IRGC Navy. 
(10) 
The 
Commander 
of 
the 
Basij-e- 
Mostaz’afin. 
(11) The Commander of the Qods Force. 
(12) The Commander in Chief of the Police 
Force. 
(13) The head of the IRGC Joint Staff. 
(14) The Commander of the IRGC Intelligence.
(15) The head of the IRGC Imam Hussein Uni-
versity. 
(16) The Supreme Leader’s Representative at 
the IRGC. 
(17) The Chief Executive Officer and the 
Chairman of the IRGC Cooperative Foundation. 
(18) The Commander of the Khatam-al-Anbia 
Construction Head Quarter. 
(19) The Chief Executive Officer of the Basij 
Cooperative Foundation. 
(20) The head of the Political Bureau of the 
IRGC. 
(21) The senior leadership as determined by the 
President of the following groups: 
(A) Hizballah. 
(B) Hamas. 
(C) Palestinian Islamic Jihad. 
(D) Kata’ib Hizballah. 
(c) FORM OF REPORT; PUBLIC AVAILABILITY.— 
(1) FORM.—The report required under sub-
section (a) and any waiver under subsection (a)(3) 
shall be submitted in unclassified form but may con-
tain a classified annex. 
(2) 
PUBLIC
AVAILABILITY.—The 
Secretary 
shall make the unclassified portion of such report
SEC. 5. EXCEPTIONS FOR NATIONAL SECURITY; IMPLEMEN-
TATION AUTHORITY. 
The following activities shall be exempt from require-
ments under sections 3 and 4: 
(1) Any activity subject to the reporting re-
quirements under title V of the National Security 
Act of 1947 (50 U.S.C. 3091 et seq.), or to any au-
thorized intelligence activities of the United States. 
(2) The admission of an alien to the United 
States if such admission is necessary to comply with 
United States obligations under the Agreement be-
tween the United Nations and the United States of 
America regarding the Headquarters of the United 
Nations, signed at Lake Success June 26, 1947, and 
entered into force November 21, 1947, or under the 
Convention on Consular Relations, done at Vienna 
April 24, 1963, and entered into force March 19, 
1967, or other applicable international obligations of 
the United States. 
(3) The conduct or facilitation of a transaction 
for the sale of agricultural commodities, food, medi-
cine, or medical devices to Iran or for the provision 
of humanitarian assistance to the people of Iran, in-
cluding engaging in a financial transaction relating 
to humanitarian assistance or for humanitarian pur-
poses or transporting goods or services that are nec-
essary to carry out operations relating to humani-
tarian assistance or humanitarian purposes. 
SEC. 6. SUNSET. 
The provisions of this Act shall have no force or effect 
on the earlier of— 
(1) the date that is 5 years after the date of en-
actment of this Act; or 
(2) 30 days after the Secretary reports in writ-
ing to the appropriate Members of Congress that— 
(A) Iran is not a jurisdiction of primary 
money laundering concern; or 
(B) the Government of Iran is providing 
significant cooperation to the United States for 
the purpose of preventing acts of international 
terrorism, or for the promotion of any other 
strategic objective that is important to the na-
tional interest of the United States, as specified 
in the report by the Secretary. 
SEC. 7. DEFINITIONS. 
For purposes of this Act: 
(1) APPROPRIATE MEMBERS OF CONGRESS.— 
The term ‘‘appropriate Members of Congress’’ 
means the Speaker and Minority Leader of the 
House of Representatives, the Majority Leader and 
Minority Leader of the Senate, the Chairman and
Ranking Member of the Committee on Financial 
Services of the House of Representatives, and the 
Chairman and Ranking Member of the Committee 
on Banking, Housing, and Urban Affairs of the Sen-
ate. 
(2) FINANCIAL
INSTITUTION.—The term ‘‘fi-
nancial institution’’ means a United States financial 
institution or a foreign financial institution. 
(3) FOREIGN
FINANCIAL
INSTITUTION.—The 
term ‘‘foreign financial institution’’ has the meaning 
given that term in section 561.308 of title 31, Code 
of Federal Regulations. 
(4) FUNDS.—The term ‘‘funds’’ means— 
(A) cash; 
(B) equity; 
(C) any other asset whose value is derived 
from a contractual claim, including bank depos-
its, bonds, stocks, a security as defined in sec-
tion 2(a) of the Securities Act of 1933 (15 
U.S.C. 77b(a)), or a security or an equity secu-
rity as defined in section 3(a) of the Securities 
Exchange Act of 1934 (15 U.S.C. 78c(a)); and 
(D) anything else that the Secretary deter-
mines appropriate.
(5) KNOWINGLY.—The term ‘‘knowingly’’ with 
respect to conduct, a circumstance, or a result, 
means that a person has actual knowledge, or should 
have known, of the conduct, the circumstance, or the 
result. 
(6) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of the Treasury. 
(7) UNITED STATES FINANCIAL INSTITUTION.— 
The term ‘‘United States financial institution’’ has 
the meaning given the term ‘‘U.S. financial institu-
tion’’ under section 561.309 of title 31, Code of 
Federal Regulations. 
Passed the House of Representatives April 16, 2024. 
Attest: 
Clerk.
118TH CONGRESS 
2D SESSION 
H. R. 6245 
AN ACT 
To require the Secretary of the Treasury to report 
on financial institutions’ involvement with offi-
cials of the Iranian Government, and for other 
purposes.