Title: Iran Responsible Reporting Act of 2018
Policy area: International Affairs

Summary:
Iran Responsible Reporting Act of 2018
This bill amends the Iran Threat Reduction and Syria Human Rights Act of 2012 to require that reports on diplomatic efforts concerning Iran include information about efforts by other countries to sanction Iran for human rights violations and support for terrorist organizations, including Hamas and Hezbollah.
The Department of State may host an annual summit with Iran's major trading partners to identify and take appropriate actions regarding front companies and funding mechanisms of Iran's Revolutionary Guard Corps.
(Major trading partners of Iran are European Union member countries, China, India, and other countries that have a trade relationship with Iran exceeding $500 million in the most recent calendar year for which data is available.)

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5394 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 5394

To amend the reporting requirements under the Iran Threat Reduction and 
        Syria Human Rights Act of 2012, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 22, 2018

  Mr. Brendan F. Boyle of Pennsylvania introduced the following bill; 
         which was referred to the Committee on Foreign Affairs

_______________________________________________________________________

                                 A BILL


 
To amend the reporting requirements under the Iran Threat Reduction and 
        Syria Human Rights Act of 2012, 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 ``Iran Responsible Reporting Act of 
2018''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) Iran's Qods Force, a special unit of Iran's 
        Revolutionary Guard Corps, remains Iran's primary vehicle to 
        conduct terrorism and destabilize its neighbors.
            (2) Experts speculate that Iran's Revolutionary Guard Corps 
        controls between 20 and 40 percent of the Iranian economy.
            (3) The Joint Comprehensive Plan of Action went into effect 
        in January 2016, resulting in relief of sanctions for 
        significant parts of the Iranian economy, with some direct 
        benefit to Iran's Revolutionary Guard Corps-linked Iranian 
        entities.
            (4) As Iranian money flows into the international financial 
        system as a result of relief of sanctions under the Joint 
        Comprehensive Plan of Action, it is in the critical interest of 
        the United States to support the ongoing work of the Financial 
        Action Task Force in comprehending and deterring Iranian 
        corruption, particularly Iran's Revolutionary Guard Corps 
        ownership, from infecting global financial systems.

SEC. 3. AMENDMENT TO REPORTING REQUIREMENT UNDER THE IRAN THREAT 
              REDUCTION AND SYRIA HUMAN RIGHTS ACT OF 2012.

    Section 102(b)(1) of the Iran Threat Reduction and Syria Human 
Rights Act of 2012 (22 U.S.C. 8712(b)(1)) is amended by adding at the 
end before the semicolon the following: ``, particularly the policy set 
forth in paragraph (1)(A)(i) and the policy set forth in paragraph 
(1)(A)(iii)''.

SEC. 4. SUMMIT.

    (a) In General.--The Secretary of State, in coordination with the 
Secretary of the Treasury, is authorized to host a summit on an annual 
basis with major trading partners of Iran for the purpose of 
identifying and taking appropriate actions with respect to front 
companies and funding mechanisms of Iran's Revolutionary Guard Corps.
    (b) Definition.--In this section, the term ``major trading partners 
of Iran'' means--
            (1) member countries of the European Union, the People's 
        Republic of China, and India; and
            (2) other countries that have a trade relationship with 
        Iran that exceeds $500,000,000 in the most recent calendar year 
        for which data is available.
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