I 
114TH CONGRESS 
2D SESSION 
H. R. 5461 
To require the Secretary of the Treasury to submit a report to the appropriate 
congressional committees on the estimated total assets under direct or 
indirect control by certain senior Iranian leaders and other figures, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 13, 2016 
Mr. POLIQUIN (for himself and Mr. HILL) introduced the following bill; which 
was referred to the Committee on Financial Services, and in addition to 
the Committee on Foreign Affairs, for a period to be subsequently deter-
mined by the Speaker, in each case for consideration of such provisions 
as fall within the jurisdiction of the committee concerned 
A BILL 
To require the Secretary of the Treasury to submit a report 
to the appropriate congressional committees on the esti-
mated total assets under direct or indirect control by 
certain senior Iranian leaders and other figures, and 
for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Iranian Leadership 
Asset Transparency Act’’. 
VerDate Sep 11 2014 
04:05 Jun 14, 2016
Jkt 059200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H5461.IH
H5461
SSpencer on DSK4SPTVN1PROD with BILLS
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) Many members of Iran’s senior political and 
military leadership have acquired significant per-
sonal and institutional wealth by using their posi-
tions to secure control of significant portions of 
Iran’s national economy. 
(3) Sanctions relief provided through the Joint 
Comprehensive Plan of Action has resulted in the re-
moval of many Iranian entities that are tied to gov-
ernmental corruption from the list of entities sanc-
tioned by the United States. 
(4) The Department of Treasury in 2011 des-
ignated the Islamic Republic of Iran’s financial sec-
tor as a jurisdiction of primary money laundering 
concern under section 311 of the USA PATRIOT 
Act, stating ‘‘Treasury has for the first time identi-
fied the entire Iranian financial sector; including 
Iran’s Central Bank, private Iranian banks, and 
branches, and subsidiaries of Iranian banks oper-
VerDate Sep 11 2014 
04:05 Jun 14, 2016
Jkt 059200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H5461.IH
H5461
SSpencer on DSK4SPTVN1PROD with BILLS
ating outside of Iran as posing illicit finance risks 
for the global financial system.’’. 
(5) Iran continues to be listed by the Financial 
Action Task Force (FATF) among the ‘‘Non-Coop-
erative Countries or Territories’’—countries which it 
perceived to be non-cooperative in the global fight 
against terror finance and money laundering. 
(6) Iran and North Korea are the only coun-
tries listed by the FATF as ‘‘Non-Cooperative Coun-
tries or Territories’’ against which FATF countries 
should take measures. 
(7) The Transparency International index of 
perceived public corruption ranks Iran 130th out of 
168 countries surveyed. 
(8) The State Department identified Iran as a 
country/jurisdiction of ‘‘primary concern’’ for money 
laundering in its 2014 International Narcotics Con-
trol Strategy Report (INCSR). 
(9) The State Department currently identifies 
Iran, along with Sudan and Syria, as a state sponsor 
of terrorism, ‘‘having repeatedly provided support 
for acts of international terrorism’’. 
(10) The State Department’s ‘‘Country Reports 
on Terrorism’’, published last in June 2015 noted 
that ‘‘Iran continued to sponsor terrorist groups 
VerDate Sep 11 2014 
04:05 Jun 14, 2016
Jkt 059200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H5461.IH
H5461
SSpencer on DSK4SPTVN1PROD with BILLS