HR 5461 · 114th Congress · Finance and Financial Sector
Iranian Leadership Asset Transparency Act
Bill Progress
1
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2016-09-22)
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Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 5461, Iranian Leadership Asset Transparency Act
Jul 6, 2016As ordered reported by the House Committee on Financial Services on June 16, 2016
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office