Sec. 1707. REPORT ON IRANIAN OIL SALES PROCEEDS

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## SEC. 1707 REPORT ON IRANIAN OIL SALES PROCEEDS ###

(a)In General Not later than 90 days after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a report that includes each of the following: ####

(1)An assessment of how proceeds from illicit Iranian oil sales support Iran’s military and security budget. ####

(2)An assessment of the extent to which the funds described in paragraph

(1)have been used directly or indirectly by Iran’s Islamic Revolutionary Guard Corps, Hamas, Hizballah, or other Iranian proxies. ####

(3)An overview of efforts undertaken to enforce sanctions against Iran’s energy sector, including interdictions of tankers. ###

(b)Form The report required by subsection

(a)shall be submitted in unclassified form, but may include a classified annex. ###

(c)Appropriate Congressional Committees Defined In this section, the term “appropriate congressional committees” means— ####

(1)the Committee on Armed Services and the Committee on Foreign Relations of the Senate; and ####

(2)the Committee on Armed Services and the Committee on Foreign Affairs of the House of Representatives.