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H.R. 1638 115th Congress House

Iranian Leadership Asset Transparency Act

Official title: 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 … Show full official titleShow less

Official title: 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.

Introduced: March 20, 2017 See on congress.gov
International Affairs Arms control and nonproliferationBank accounts, deposits, capitalCongressional oversightCriminal investigation, prosecution, interrogation
More subjectsShow fewer subjects
Diplomacy, foreign officials, Americans abroadForeign and international bankingForeign propertyFraud offenses and financial crimesGovernment information and archivesIranMiddle EastNuclear weaponsSanctions
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 24 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 14, 2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 13, 2017
Motion to reconsider laid on the table Agreed to without objection.
Dec 13, 2017
On passage Passed by the Yeas and Nays: 289 - 135 (Roll no. 680).
Dec 13, 2017
Considered as unfinished business. (consideration: CR H9879-9880)
Dec 13, 2017
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.
Dec 13, 2017
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)
Dec 13, 2017
The previous question was ordered pursuant to the rule.
Dec 13, 2017
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1638.
Dec 13, 2017
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.
Dec 13, 2017
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.
Dec 13, 2017
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1638.
Dec 13, 2017
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 658 and Rule XVIII.
Dec 13, 2017
The Speaker designated the Honorable Paul Mitchell to act as Chairman of the Committee.
Dec 13, 2017
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.
Dec 13, 2017
Considered under the provisions of rule H. Res. 658. (consideration: CR H9868-9878)
Dec 12, 2017
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.
Dec 7, 2017
Placed on the Union Calendar, Calendar No. 335.
Dec 7, 2017
Committee on Foreign Affairs discharged.
Dec 7, 2017
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-453, Part I.
Nov 14, 2017
Ordered to be Reported (Amended) by the Yeas and Nays: 43 - 16.
Nov 14, 2017
Committee Consideration and Mark-up Session Held.
May 18, 2017
Referred to the Subcommittee on Middle East and North Africa.
Mar 20, 2017
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.
Mar 20, 2017
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Dec 13, 2017 House · vote #680 On Passage Passed 289–135 See who voted →
 Amendments to this bill 2

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

2 agreed to

AmendmentSponsorPurposeStatusLatest action
HAMDT 499 Meng, Grace An amendment numbered 2 printed in Part A of House Report 115-463 to require the report created by this bill … Agreed to Dec 13, 2017
HAMDT 498 Schneider, Bradley Scott An amendment numbered 1 printed in Part A of House Report 115-463 to amend the reporting requirement on recom… Agreed to Dec 13, 2017
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 Latest action December 14, 2017

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

 Plain-English summary Congressional Research Service

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 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.

 Related & companion bills 2
  • HRES 658 Providing for consideration of the bill (H.R. 1638) to require the Secretary of the Treasury to submit a report to the …
  • S 2353 Iranian Leadership Asset Transparency Act
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1638: Iranian Leadership Asset Transparency Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-1638/
MLA
"H.R. 1638: Iranian Leadership Asset Transparency Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-1638/.
Bluebook (legal)
H.R. 1638, 115th Cong. (2026), https://openamerica.io/bill/115-HR-1638/.
Markdown link
[H.R. 1638: Iranian Leadership Asset Transparency Act](https://openamerica.io/bill/115-HR-1638/)
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