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H. Rept. 115-453,Part 1 1 (2017-12-07)

handle is hein.congrecreports/crptxaiqb0001 and id is 1 raw text is: AUTHENTICATED r U.S. GOVERNMENT INFORMATION 4 115TH CONGRESS REPT.115-453 1st Session HOUSE OF REPRESENTATIVES Part 1 IRANIAN LEADERSHIP ASSET TRANSPARENCY ACT DECEMBER 7, 2017.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. HENSARLING, from the Committee on Financial Services, submitted the following REPORT together with MINORITY VIEWS [To accompany H.R. 1638] [Including cost estimate of the Congressional Budget Office] The Committee on Financial Services, to whom was referred the bill (H.R. 1638) to require the Secretary of the Treasury to submit a report to the appropriate congressional committees on the esti- mated total assets under direct or indirect control by certain senior Iranian leaders and other figures, and for other purposes, having considered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass. The amendment is as follows: Strike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE. This Act may be cited as the Iranian Leadership Asset Transparency Act. SEC. 2. FINDINGS. The Congress finds the following: (1) Iran is characterized by high levels of official and institutional corruption, and substantial involvement by Iran's security forces, particularly the Islamic Revolutionary Guard Corps (IRGC), in the economy. (2) Many members of Iran's senior political and military leadership have ac- quired significant personal and institutional wealth by using their positions to secure control of significant portions of Iran's national economy. (3) Sanctions relief provided through the Joint Comprehensive Plan of Action has resulted in the removal of many Iranian entities that are tied to govern- mental corruption from the list of entities sanctioned by the United States. (4) The Department of Treasury in 2011 designated the Islamic Republic of Iran's financial sector as a jurisdiction of primary money laundering concern under section 311 of the USA PATRIOT Act, stating Treasury has for the first 79-006