Sec. 103. IRGC watch list and report
260 words·~1 min read·
/bill/114/hr/5631/ih/section-103A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary of the Treasury shall establish, maintain, and publish in the Federal Register a list (to be known as the IRGC Watch List ) of— each entity in which the IRGC has an ownership interest of less than 25 percent; each entity in which the IRGC does not have an ownership interest if the IRGC maintains a presence on the board of directors of the entity or otherwise influences the actions, policies, or personnel decisions of the entity; and each person that owns or controls an entity described in paragraph
(1)or (2). Not later than 90 days after the date of the enactment of this Act, and annually thereafter, the Secretary of the Treasury shall submit to Congress a report that includes— the list required by subsection
(a)and, in the case of any report submitted under this subparagraph after the first such report, any changes to the list since the submission of the preceding such report; and an assessment of the role of the IRGC in, and its penetration into, the economy of Iran. Each report required by subparagraph
(A)shall be submitted in unclassified form, but may include a classified annex if necessary. The Comptroller General of the United States shall— conduct a review of the list required by subsection (a); and not later than 180 days after each report required by paragraph
(1)is submitted to Congress, submit to Congress a report on the review conducted under clause (i). In preparing the report required by subparagraph (A)(ii), the Comptroller General shall consult with nongovernmental organizations.