H.R. 1638Iranian Leadership Asset Transparency Act

1 recorded action150 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Bruce Poliquin [R-ME-02]
Policy area: International Affairs
Committees: Financial Services Committee, Foreign Affairs Committee · and 1 more
Latest action: Dec 14, 2017 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedMar 20, 2017
Passed the HouseDec 13, 2017
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

(Sec. 3) This bill requires the Department of the Treasury, in furtherance of efforts to prevent terrorism financing, money laundering, or illicit finance and to make financial institutions' sanctions compliance more easily understood, to report to Congress within 270 days and annually thereafter for the next two years regarding:

the funds or assets held in U.S. and foreign financial institutions that are 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.

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.

(Sec. 4) It is the sense of Congress that in preparing the reports pursuant to this bill Treasury should consider acquiring information from sources that: (1) collect high-veracity official records; or (2) provide search and analysis tools that enable law enforcement to have new insights into commercial and financial relationships.

Written by the nonpartisan Congressional Research Service, describing H.R. 1638 as passed House amended on Dec 13, 2017. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 680

House Dec 13, 2017

On Passage

Iranian Leadership Asset Transparency Act

Passed

289 Yea 135 Nay 7 not voting

Crossed both parties 59 of 424 voting members broke with their own party: 56 Democrats, 3 Republicans.

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How the chamber split

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DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

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All members431 members

Democratic193 members

Republican238 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

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H.R. 1638Iranian Leadership Asset Transparency Act

What the measure doesCRS summary

How every member votedHouse roll call 680

On Passage

How the chamber split

H.R. 1638Iranian Leadership Asset Transparency Act

What the measure doesCRS summary

How every member votedHouse roll call 680

On Passage

How the chamber split

Who lobbied on H.R. 16384 organizations

Who lobbied on H.R. 16384 organizations