(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 of 
the Treasury shall make the unclassified portion of 
such report public if the Secretary notifies the ap-
propriate Members of Congress that the publication 
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is in the national interest of the United States and 
would substantially promote— 
(A) deterring or sanctioning official cor-
ruption in Iran; 
(B) holding natural persons or financial in-
stitutions listed in the report accountable to the 
people of Iran; 
(C) combating money laundering or the fi-
nancing of terrorism; or 
(D) achieving any other strategic objective 
with respect to the Government of Iran. 
(3) FORMAT
OF
PUBLICLY
AVAILABLE
RE- 
PORTS.—If the Secretary makes the unclassified 
portion of a report public pursuant to paragraph 
(2), the Secretary shall make it available to the pub-
lic on the website of the Department of the Treas-
ury— 
(A) in English, Farsi, Arabic, and Azeri; 
and 
(B) in precompressed, easily downloadable 
versions that are made available in all appro-
priate formats. 
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SEC. 4. RESTRICTIONS ON CERTAIN FINANCIAL INSTITU-
TIONS. 
(a) IN GENERAL.—Not later than the date that is 
90 days after submitting a report described under section 
3(a)(1), the Secretary of the Treasury shall undertake the 
following with respect to a financial institution that is de-
scribed under section 3(a)(1)(C) and listed in the report: 
(1) If the financial institution is a United 
States financial institution, require the closure of 
any account described in section 3(a)(1)(C)(i), and 
prohibit the provision of significant financial serv-
ices, directly or indirectly, to a natural person cov-
ered by the report. 
(2) If the financial institution is a foreign fi-
nancial institution, actively seek the closure of any 
account described in section 3(a)(1)(C)(i), and the 
cessation of significant financial services to a natural 
person covered by the report, using any existing au-
thorities of the Secretary of the Treasury, as appro-
priate. 
(b) SUSPENSION.—The Secretary of the Treasury 
may suspend the application of subsection (a) with respect 
to a financial institution upon reporting to the appropriate 
Members of Congress that the suspension is in the na-
tional interest of the United States, with a detailed expla-
nation of the reasons therefor. 
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SEC. 5. EXCEPTIONS FOR NATIONAL SECURITY; IMPLEMEN-
TATION AUTHORITY. 
(a) IN GENERAL.—The following activities shall be 
exempt from requirements 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-
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essary to carry out operations relating to humani-
tarian assistance or humanitarian purposes. 
(b) IMPLEMENTATION.—The President may exercise 
all authorities provided under sections 203 and 205 of the 
International Emergency Economic Powers Act (50 
U.S.C. 1702 and 1704) to carry out this Act. 
(c) RULE OF CONSTRUCTION.—Nothing in this Act 
shall be construed to limit the authority of the President 
under the International Emergency Economic Powers Act 
(50 U.S.C. 1701 et seq.). 
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 of the Treasury 
reports in writing 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-
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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 Senate. 
(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-
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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. 
Æ 
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