summary
Introduced
10/25/2023
10/25/2023
In Committee
10/25/2023
10/25/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To require the Secretary of the Treasury to report on financial institutions’ involvement with officials of the Iranian Government, and for other purposes.
AI Summary
This bill requires the Secretary of the Treasury to report on financial institutions' involvement with certain officials of the Iranian government, including the Supreme Leader, the President, and various members of the Islamic Revolutionary Guard Corps (IRGC). The report must include the estimated total funds or assets under the control of these officials, how they acquired and used such funds, and a list of non-Iranian financial institutions that maintain accounts or provide significant services to these individuals. The bill also allows the Secretary to require the closure of accounts or cessation of services by these financial institutions, with some exceptions for national security and humanitarian purposes. The provisions of the bill will sunset after 5 years or if the Secretary determines that Iran is no longer a primary money laundering concern or is providing significant cooperation to the United States.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
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. (on 10/25/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/6051/all-info |
| BillText | https://www.congress.gov/118/bills/hr6051/BILLS-118hr6051ih.pdf |
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