Iranian Leadership Asset Transparency Act

Bill: 114-hr-5461
Sponsor: Rep. Poliquin, Bruce [R-ME-2]
Introduced: 2016-06-13 in the House
Policy area: Finance and Financial Sector
Subjects: Bank accounts, deposits, capital
Congressional oversight
Diplomacy, foreign officials, Americans abroad
Foreign and international banking
Foreign property
Fraud offenses and financial crimes
Government information and archives
Iran
Middle East
Sanctions

Summary:
action_date: 2016-06-13
text: 

Iranian Leadership Asset Transparency Act

 
This bill requires the Department of the Treasury to submit within 270 days and annually for the next two years a report regarding: 
 
 
the estimated total funds or assets held in U.S. and foreign financial institutions that are controlled by specified Iranian officials,
 
any equity stake such officials have in an entity on Treasury's list of Specially Designated Nationals or in any other sanctioned entity,
 
 how such funds or assets or equity interests were acquired and how they have been used, and 
 
new methods used to evade anti-money laundering and related laws and recommendations to improve techniques to combat illicit uses of the U.S. financial system by each such official.
 
 
The unclassified portion of the report shall be made available to the public and posted on Treasury's website in downloadable English, Farsi, Arabic, and Azeri versions.

action_date: 2016-09-13
text: 
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
 

Iranian Leadership Asset Transparency Act

 
(Sec. 3) This bill requires the Department of the Treasury, in furtherance of efforts to prevent the financing of terrorism, money laundering, or related illicit finance and to make financial institutions' required compliance with remaining sanctions more easily understood, to submit within 270 days and annually thereafter for the next two years a report regarding: 
 
 
the funds or assets held in U.S. and foreign financial institutions that are directly or indirectly controlled by specified Iranian officials; 
 
any equity stake such official has in an entity on Treasury's list of Specially Designated Nationals or in any other sanctioned entity; 
 
how such funds, assets, or equity interests were acquired and used; and 
 
new methods used to evade anti-money laundering and related laws, including recommendations to improve techniques to combat illicit uses of the U.S. financial system by each such official. 
 
 
The unclassified portion of the report shall be made available to the public and posted on Treasury's website in downloadable English, Farsi, Arabic, and Azeri versions.

action_date: 2016-09-21
text: 

Iranian Leadership Asset Transparency Act

 
(Sec. 3) This bill requires the Department of the Treasury, in furtherance of efforts to prevent the financing of terrorism, money laundering, or related illicit finance and to make financial institutions' required compliance with remaining sanctions more easily understood, to submit within 270 days and annually thereafter for the next two years a report regarding: 
 
 
the funds or assets held in U.S. and foreign financial institutions that are directly or indirectly controlled by specified Iranian officials; 
 
any equity stake such official has in an entity on Treasury's list of Specially Designated Nationals or in any other sanctioned entity; 
 
how such funds, assets, or equity interests were acquired and used; 
 
new methods used to evade anti-money laundering and related laws, including recommendations to improve techniques to combat illicit uses of the U.S. financial system by each such official. 
 
 recommendations for revising U.S. economic sanctions against Iran to prevent Iranian officials from using funds or assets to develop and procure ballistic missile technology; 
 
 how Treasury assesses the effectiveness of U.S. economic sanctions against Iran; and
 
 recommendations for improving Treasury's ability to develop and enforce additional economic sanctions against Iran if so ordered by the President. 
 
 
The unclassified portion of the report shall be made available to the public and posted on Treasury's website in downloadable English, Farsi, Arabic, and Azeri versions.


Legislative actions:
action_date: 2016-09-22
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2016-09-21
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2016-09-21
text: On passage Passed by the Yeas and Nays: 282 - 143 (Roll no. 536).
action_date: 2016-09-21
text: Passed/agreed to in House: On passage Passed by the Yeas and Nays: 282 - 143 (Roll no. 536).
action_date: 2016-09-21
text: Considered as unfinished business. (consideration: CR H5764)
action_date: 2016-09-21
text: POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 5461, the Chair put the question on passage and by voice vote, announced that the yeas had prevailed. Mr. Hensarling demanded the yeas and nays and the Chair postponed further proceedings on the question of adoption until a time to be announced.
action_date: 2016-09-21
text: The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
action_date: 2016-09-21
text: The previous question was ordered pursuant to the rule. (consideration: CR H5755)
action_date: 2016-09-21
text: The House rose from the Committee of the Whole House on the state of the Union to report H.R. 5461.
action_date: 2016-09-21
text: DEBATE - Pursuant to the provisions of H. Res. 876, the Committee of the Whole proceeded with 10 minutes of debate on the Lance amendment No. 3.
action_date: 2016-09-21
text: DEBATE - Pursuant to the provisions of H. Res. 876, the Committee of the Whole proceeded with 10 minutes of debate on the Young (IN) amendment No. 2.
action_date: 2016-09-21
text: DEBATE - Pursuant to the provisions of H.Res. 876, the Committee of the Whole proceeded with 10 minutes of debate on the Poliquin amendment No. 1.
action_date: 2016-09-21
text: GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 5461.
action_date: 2016-09-21
text: The Speaker designated the Honorable Tom McClintock to act as Chairman of the Committee.
action_date: 2016-09-21
text: House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 876 and Rule XVIII.
action_date: 2016-09-21
text: Rule provides for consideration of H.R. 5461 with 1 hour of general debate. Motion to recommit with or without instructions allowed. The resolution makes in order only those amendments printed in the report.
action_date: 2016-09-21
text: Considered under the provisions of rule H. Res. 876. (consideration: CR H5745-5755; text of measure as introduced: CR H5752-5753)
action_date: 2016-09-21
text: Rule H. Res. 876 passed House.
action_date: 2016-09-20
text: Rules Committee Resolution H. Res. 876 Reported to House. Rule provides for consideration of H.R. 5461 with 1 hour of general debate. Motion to recommit with or without instructions allowed. The resolution makes in order only those amendments printed in the report.
action_date: 2016-09-13
text: Placed on the Union Calendar, Calendar No. 579.
action_date: 2016-09-13
text: Committee on Foreign Affairs discharged.
action_date: 2016-09-13
text: Committee on Foreign Affairs discharged.
action_date: 2016-09-13
text: Reported by the Committee on Financial Services. H. Rept. 114-746, Part I.
action_date: 2016-09-13
text: Reported by the Committee on Financial Services. H. Rept. 114-746, Part I.
action_date: 2016-06-16
text: Ordered to be Reported by the Yeas and Nays: 39 - 20.
action_date: 2016-06-16
text: Committee Consideration and Mark-up Session Held.
action_date: 2016-06-15
text: Committee Consideration and Mark-up Session Held.
action_date: 2016-06-13
text: Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2016-06-13
text: Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2016-06-13
text: Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2016-06-13
text: Introduced in House
action_date: 2016-06-13
text: Introduced in House