Sec. 7. Report on specific licenses that authorize transactions with sanctioned persons

180 words·~1 min read·/bill/118/s/3225/is/section-7

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Not later than 180 days after the date of the enactment of this Act, and every 90 days thereafter, the Secretary of the Treasury, in coordination with the Secretary of State, shall submit to the committees specified in subsection

(c)a report that includes— a list of specific licenses issued by the Secretary of the Treasury during the period specified in subsection

(b)that authorize any transaction with a person with respect to which sanctions have been imposed under section 5 or any relevant Executive order; and a copy of each such license. The period specified in this subsection is— in the case of the first report required by paragraph (1), the 180-day period preceding submission of the report; and in the case of any subsequent report required by that paragraph, the 90-day period preceding submission of the report. The committees specified in this subsection are— the Committee on Banking, Housing, and Urban Affairs and the Committee on Foreign Relations of the Senate; and the Committee on Financial Services and the Committee on Foreign Affairs of the House of Representatives.