SEC. 2. ACTION BY PRESIDENT ON SUSPECTED VIOLATIONS 
OF IRAN SANCTIONS ACT OF 1996. 
Section 4(f) of the Iran Sanctions Act of 1996 (50 
U.S.C. 1701 note) is amended to read as follows: 
‘‘(f) INVESTIGATIONS AND DETERMINATIONS.— 
‘‘(1) INVESTIGATIONS.— 
‘‘(A) INITIATION
OF
INVESTIGATIONS.— 
The President shall initiate an investigation 
into the possible imposition of sanctions under 
subsection (a) or (b) of section 5 against a per-
son immediately upon receipt by the United 
States of credible information indicating that 
such person may have engaged in an activity 
described in such subsection for which such 
sanctions could be imposed under section 6. 
‘‘(B) TREATMENT OF GAO REPORTS.—The 
President shall initiate an investigation under 
subparagraph (A) of any person included in a 
report of the Comptroller General published 
under section 10(d), unless the President has 
already initiated such an investigation with re-
spect to such person. 
‘‘(C) CONSTRUCTION.—Subparagraph (B) 
shall not be construed to limit any sources of 
information, in addition to the reports pub-
lished under section 10(d), that the President 
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may consider with respect to an investigation 
under subparagraph (A) of this paragraph. 
‘‘(2) DETERMINATIONS
AND
NOTIFICATION.— 
Not later than 45 days after an investigation is initi-
ated under paragraph (1), the President shall— 
‘‘(A) determine, pursuant to subsection (a) 
or (b) of section 5 (as the case may be), wheth-
er or not a person has engaged in an activity 
in Iran as described in such subsection for 
which such sanctions could be imposed under 
section 6; and 
‘‘(B) notify the appropriate congressional 
committees of the basis for any such determina-
tion that a person has engaged in such activity, 
including the name of such person. 
‘‘(3) PUBLICATION.—Not later than 10 days 
after the date on which the President notifies the 
appropriate congressional committees of a deter-
mination under paragraph (2)(B), the President 
shall cause to be published in the Federal Register 
the identity of any person who is the subject of the 
determination and against whom the President has 
determined that the imposition of sanctions under 
section 6 is appropriate, together with an expla-
nation of the determination regarding sanctions.’’. 
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SEC. 3. MONTHLY GAO REPORTS. 
Section 10 of the Iran Sanctions Act of 1996 (50 
U.S.C. 1701 note) is amended by adding at the end the 
following: 
‘‘(d) MONTHLY GAO REPORTS.—The Comptroller 
General of the United States shall publish, every 30 days, 
beginning 30 days after the date of the enactment of this 
subsection, a report that— 
‘‘(1) includes the name of any person— 
‘‘(A) who the Comptroller General deter-
mines there is credible evidence to believe may 
have engaged in an activity described in sub-
section (a) or (b) of section 5 for which such 
sanctions could be imposed under section 6; and 
‘‘(B) on whom such sanctions have not 
been imposed; and 
‘‘(2) describes the basis for each determination 
under paragraph (1).’’. 
Æ 
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