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H. Rept. 115-452 1 (2017-12-07)

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U.S. GOVERNMENT
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                     115TH CONGRESS                                           REPORT
                        1st Session     HOUSE OF REPRESENTATIVES              115-452







                        STRENGTHENING OVERSIGHT OF IRAN'S ACCESS TO
                                                FINANCE ACT



                     DECEMBER 7, 2017.-Committed to the Committee of the Whole House on the State
                                        of the Union and ordered to be printed



                         Mr. HENSARLING, from the Committee on Financial Services,
                                           submitted the following


                                               REPORT

                                                 together with

                                              MINORITY VIEWS

                                              [To accompany H.R. 4324]

                               [Including cost estimate of the Congressional Budget Office]

                       The Committee on Financial Services, to whom was referred the
                     bill (H.R. 4324) to require the Secretary of the Treasury to make
                     certifications with respect to United States and foreign financial in-
                     stitutions' aircraft-related transactions involving Iran, and for
                     other purposes, having considered the same, report favorably there-
                     on with an amendment and recommend that the bill as amended
                     do pass.
                       The amendment is as follows:
                       Strike all after the enacting clause and insert the following:
                     SECTION 1. SHORT TITLE.
                       This Act may be cited as the Strengthening Oversight of Iran's Access to Finance
                     Act.
                     SEC. 2. FINDINGS.
                       The Congress finds the following:
                          (1) Under the Joint Comprehensive Plan of Action (JCPOA), informally
                        known as the Iran nuclear deal, the Obama administration agreed to license the
                        sale of commercial passenger aircraft to Iran, the world's foremost state sponsor
                        of terrorism and a jurisdiction of primary money laundering concern.
                          (2) In April 2015, prior to the adoption of the JCPOA, Secretary of the Treas-
                        ury Jacob Lew, in publicly advocating for its provisions, stated: Make no mis-
                        take: deal or no deal, we will continue to use all our available tools, including
                        sanctions, to counter Iran's menacing behavior. Iran knows that our host of
                        sanctions focused on its support for terrorism and its violations of human rights
                        are not, and have never been, up for discussion..
                        79-006

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