Title: Iranian Leadership Asset Transparency Act
Vote to pass a bill that requires the Department of Treasury to submit a report on the estimated total assets under direct or indirect control by top political and military Iranian leaders.
Requires the Department of the Treasury to submit within 270 days and annually thereafter for the next 2 years a report regarding the following (Sec. 3):
The funds or assets held in U.S. and foreign financial institutions that are directly or indirectly controlled by specified Iranian officials;
Any equity such official has in any entity on the 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 to evade anti-money laundering and other illicit uses of finances by the specified Iranian leaders and entities.
Specifies that the Specially Designated Nationals list includes, but is not limited to, the following (Sec. 3): :
Supreme Leader of Iran;
President of Iran;
Council of Guardians members;
Expediency Council members;
Military commanders and law enforcement officers; and
Top leaders of various entities affiliated with the IRGC.
Requires the unclassified portion of the report to be made available to the public and posted on the Treasury’s website in downloadable English, Farsi, Arabic, and Azeri versions (Sec. 3).
Specifies that in preparing the report, the Treasury may use any source of information the Secretary finds credible (Sec. 3).
Defines the term “funds” as any cash, equity, or other intangible asset the Secretary determines appropriate (Sec. 3).
Title: Iranian Leadership Asset Transparency Act