Title: Iranian Military and Terror Financing Reporting Act
Policy area: International Affairs

Summary:
Iranian Military and Terror Financing Reporting Act
This bill directs the Department of State to report to Congress annually on Iranian expenditures supporting foreign military and terrorist activities outside Iran.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5612 Introduced in House (IH)]

<DOC>






115th CONGRESS
  2d Session
                                H. R. 5612

To require the Secretary of State, in coordination with the Director of 
  National Intelligence, to report on Iranian expenditures supporting 
   foreign military and terrorist activities, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 25, 2018

  Mr. Lipinski (for himself and Mr. Roskam) introduced the following 
      bill; which was referred to the Committee on Foreign Affairs

_______________________________________________________________________

                                 A BILL


 
To require the Secretary of State, in coordination with the Director of 
  National Intelligence, to report on Iranian expenditures supporting 
   foreign military and terrorist activities, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Iranian Military and Terror 
Financing Reporting Act''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) The Joint Comprehensive Plan of Action (``JCPOA'') was 
        agreed to on July 14, 2015, and adopted in October 2015.
            (2) According to statements by Iranian officials, Iran 
        entered into the agreement in order to improve its domestic 
        economic situation, brought about, according to experts, by 
        economic mismanagement on the part of Iran's leadership and by 
        highly successful sanctions targeting Iran's energy and banking 
        sectors.
            (3) Notwithstanding the implementation of the JCPOA and the 
        aspirations of Iran's clerical leadership to moderate its 
        behavior, Iran continues to engage in regionally destabilizing 
        activities, including support for terrorist proxies and illegal 
        testing of ballistic missiles.
            (4) Meanwhile, Iran's economy continued to sputter after 
        the implementation of the JCPOA, according to experts, despite 
        the lifting or easing of many sanctions.
            (5) On December 29, 2017, peaceful protests broke out in 
        several Iranian cities against Iran's leadership based on 
        economic discontent.
            (6) In response to the protests, Iran's political 
        leadership criticized the United States for ``failing to 
        uphold'' its commitments under the JCPOA, while Supreme Leader 
        Khamenei blamed ``enemies'' for the protests.
            (7) However, according to the Financial Action Task Force, 
        Iran has failed to improve its banking system or establish 
        adequate accountability measures with respect to money 
        laundering to attract foreign investment.
            (8) Iran's Islamic Revolutionary Guard Corps, an entity 
        included on the list of specially designated nationals and 
        blocked persons maintained by the Office of Foreign Assets 
        Control of the Department of the Treasury for its destabilizing 
        activities, also controls major aspects of Iran's economy, 
        which has a further chilling effect on foreign investment in 
        Iran.

SEC. 3. SENSE OF CONGRESS.

    It is the sense of Congress that--
            (1) in the absence of sanctions relating to nuclear 
        activity, Iran's economic woes are a function of poor 
        management, sclerotic policies, the control of the Islamic 
        Revolutionary Guard Corps (``IRGC'') over major industries, and 
        continued foreign concerns about Iran's destabilizing 
        activities, including ballistic missile launches and support 
        for terrorist proxies;
            (2) Iranian leaders should dedicate resources to domestic 
        spending instead of foreign adventurism and implement the 
        financial recommendations made by the Financial Action Task 
        Force with respect to money laundering; and
            (3) the United States and its partners should have a firm 
        sense of how much Iran spends, including spending by the IRGC, 
        on hostile foreign activities.

SEC. 4. REPORT.

    (a) In General.--Not later than 90 days after the enactment of this 
Act, and annually thereafter until the date described in subsection 
(c), the Secretary of State, in consultation with the Director of 
National Intelligence, shall submit to Congress a report describing 
Iranian expenditures in the previous calendar year on military and 
terrorist activities outside the country, including each of the 
following:
            (1) The amount spent in such calendar year on activities by 
        the Islamic Revolutionary Guard Corps, including activities 
        providing support for--
                    (A) Hezbollah;
                    (B) Houthi rebels in Yemen;
                    (C) Hamas;
                    (D) proxy forces in Iraq and Syria; or
                    (E) any other entity or country the Secretary 
                determines to be relevant.
            (2) The amount spent in such calendar year for ballistic 
        missile research and testing or other activities that the 
        Secretary of State determines are destabilizing to the Middle 
        East region.
    (b) Form.--
            (1) In general.--The report required under subsection (a) 
        shall be submitted in unclassified form, but may include a 
        classified annex.
            (2) Inclusion in annual country reports on terrorism.--The 
        Secretary of State may issue the reports required under 
        subsection (a) by including such reports in the annual reports 
        required by section 140 of the Foreign Relations Authorization 
        Act, Fiscal Years 1988 and 1989 (22 U.S.C. 2656f).
    (c) Expiration Date.--The date described in this subsection is the 
date on which the Secretary of State determines that the government of 
Iran no longer provides support for international terrorism pursuant to 
the following:
            (1) Section 6(j) of the Export Administration Act of 1979 
        (as continued in effect under the International Emergency 
        Economic Powers Act (50 U.S.C. 1701 et seq.)).
            (2) Section 620A of the Foreign Assistance Act of 1961 (22 
        U.S.C. 2371).
            (3) Section 40 of the Arms Export Control Act (22 U.S.C. 
        2780).
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