Sec. 5. Report and briefing on Iranian assets and licenses
185 words·~1 min read·
/bill/118/s/3049/is/section-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 30 days after the date of the enactment of this Act, the Secretary of the Treasury shall submit to the appropriate congressional committees a report and provide to the appropriate congressional committees a briefing— identifying— all assets of the Government of Iran or covered persons valued at more than $5,000,000 and blocked by the United States pursuant to any provision of law; and for each such asset— the country in which the asset is held; the financial institution in which the asset is held; and the approximate value of the asset; and setting forth a list of all general licenses, specific licenses, action letters, comfort letters, statements of licensing policy, answers to frequently asked questions, or other exemptions issued by the Secretary with respect to sanctions relating to Iran that are in effect as of the date of the report.
The report and briefing required by subsection (a)(1) shall be submitted or provided, as the case may be, in unclassified form. The report and briefing required by subsection (a)(2) shall be submitted or provided, as the case may be, in classified form.