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Bill114th CongressFiled Jun 13, 2016Finance and Financial Sector
H.R. 5461

Iranian Leadership Asset Transparency Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Sep 21, 2016)

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.

What just happenedSep 22, 2016

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Poliquin, Bruce [R-ME-2](R-ME)Sponsor
1 cosponsor1 R
Read on Congress.gov
1cosponsors3committees32actions3amendments1related bills10subjects
  1. Sep 22, 2016IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Sep 21, 2016FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Sep 21, 2016FloorH37100

    On passage Passed by the Yeas and Nays: 282 - 143 (Roll no. 536).

  4. Sep 21, 2016Floor8000

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 282 - 143 (Roll no. 536).

  5. Sep 21, 2016FloorH30000

    Considered as unfinished business. (consideration: CR H5764)

  6. Sep 21, 2016FloorH8D000

    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.

  7. Sep 21, 2016FloorH34400

    The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.

  8. Sep 21, 2016FloorH35000

    The previous question was ordered pursuant to the rule. (consideration: CR H5755)

  9. Sep 21, 2016FloorH32600

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 5461.

  10. Sep 21, 2016FloorH8D000

    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.

  11. Sep 21, 2016FloorH8D000

    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.

  12. Sep 21, 2016FloorH8D000

    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.

  13. Sep 21, 2016FloorH8D000

    GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 5461.

  14. Sep 21, 2016FloorH32400

    The Speaker designated the Honorable Tom McClintock to act as Chairman of the Committee.

  15. Sep 21, 2016FloorH32020

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 876 and Rule XVIII.

  16. Sep 21, 2016FloorH8D000

    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.

  17. Sep 21, 2016FloorH30000

    Considered under the provisions of rule H. Res. 876. (consideration: CR H5745-5755; text of measure as introduced: CR H5752-5753)

  18. Sep 21, 2016FloorH1L220

    Rule H. Res. 876 passed House.

  19. Sep 20, 2016FloorH1L210

    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.

  20. Sep 13, 2016CalendarsH12410

    Placed on the Union Calendar, Calendar No. 579.

  21. Sep 13, 2016DischargeH12300

    Committee on Foreign Affairs discharged.

    Foreign Affairs Committee
  22. Sep 13, 2016Committee5500

    Committee on Foreign Affairs discharged.

    Foreign Affairs Committee
  23. Sep 13, 2016CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 114-746, Part I.

    Financial Services Committee
  24. Sep 13, 2016Committee5000

    Reported by the Committee on Financial Services. H. Rept. 114-746, Part I.

    Financial Services Committee
  25. Jun 16, 2016Committee

    Ordered to be Reported by the Yeas and Nays: 39 - 20.

    Financial Services Committee
  26. Jun 16, 2016Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  27. Jun 15, 2016Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  28. Jun 13, 2016IntroReferralH11100

    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.

    Foreign Affairs Committee
  29. Jun 13, 2016IntroReferralH11100-A

    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.

  30. Jun 13, 2016IntroReferralH11100

    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.

    Financial Services Committee
  31. Jun 13, 2016IntroReferralIntro-H

    Introduced in House

  32. Jun 13, 2016IntroReferral1000

    Introduced in House

Passed House amendedSep 21, 201636

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.

Reported to House without amendment, Part ISep 13, 201628

(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.

Introduced in HouseJun 13, 2016

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.

Iranian Leadership Asset Transparency Act — Informed