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1 (September 13, 2016)

handle is hein.congrecreports/crptxaasn0001 and id is 1 raw text is: AUTHENTICATE U.S. GOVERNMENT INFORMATION GPO 114TH CONGRESS [REPT. 114-746 2d Session HOUSE OF REPRESENTATIVES Part 1 IRANIAN LEADERSHIP ASSET TRANSPARENCY ACT SEPTEMBER 13, 2016.-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. 5461] [Including cost estimate of the Congressional Budget Office] The Committee on Financial Services, to whom was referred the bill (H.R. 5461) to require the Secretary of the Treasury to submit a report to the appropriate congressional committees on the esti- mated total assets under direct or indirect control by certain senior Iranian leaders and other figures, and for other purposes, having considered the same, report favorably thereon without amendment and recommend that the bill do pass. PURPOSE AND SUMMARY Introduced June 13, 2016, by Rep. Bruce Poliquin for himself and Rep. French Hill, H.R. 5461, the Iranian Leadership Asset Trans- parency Act, would require the Treasury Secretary to develop and post online a list estimating the funds and assets held by senior Iranian political and military leaders, along with a description of how they acquired the assets and how those assets are employed. The report would be posted on the Treasury Department's website in English but also translated into the three main languages used inside Iran, and would be available in any of those forms in a way that is easy to download and share. BACKGROUND AND NEED FOR LEGISLATION Iran is characterized by high levels of official and institutional corruption, and substantial involvement by Iran's security forces, particularly the Islamic Revolutionary Guard Corps (IRGC), in the economy. Many members of Iran's senior political and military leadership have acquired significant personal and institutional 59-006

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