To require the Secretary of the Treasury to submit a report to the appropriate congressional committees on the estimated total assets under direct or indirect control by certain senior Iranian leaders and other figures, and for other purposes.
Iranian Leadership Asset Transparency Act
(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 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.
Motion to reconsider laid on the table Agreed to without objection.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee on Foreign Affairs discharged.
Committee on Foreign Affairs discharged.
Placed on the Union Calendar, Calendar No. 335.
Rules Committee Resolution H. Res. 658 Reported to House. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Rule provides for one hour of general debate on each bill. It also makes in order specified amendments for the bills.
Considered under the provisions of rule H. Res. 658. (consideration: CR H9868-9878)
Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Rule provides for one hour of general debate on each bill. It also makes in order specified amendments for the bills.
The Speaker designated the Honorable Paul Mitchell to act as Chairman of the Committee.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 658 and Rule XVIII.
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1638.
DEBATE - Pursuant to the provisions of H. Res. 658, the Committee of the Whole proceeded with 10 minutes of debate on the Schneider Part A amendment No. 1.
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DEBATE - Pursuant to the provisions of H. Res. 658, the Committee of the Whole proceeded with 10 minutes of debate on the Meng Part A amendment No. 2.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1638.
The previous question was ordered pursuant to the rule.
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. (text of amendment in the nature of a substitute: CR H9875-9876)
POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 1638, the Chair put the question on passage and by voice vote announced that the ayes had prevailed. Mr. Hensarling demanded the yeas and nays, and the Chair postponed further proceedings on the question of passage until later in the legislative day.
Considered as unfinished business. (consideration: CR H9879-9880)
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 289 - 135 (Roll no. 680).
Roll Call #680 (House)On passage Passed by the Yeas and Nays: 289 - 135 (Roll no. 680).
Roll Call #680 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.