“(a) Financial Institutions and Assets Report.—“(1) In general.—Not later than 180 days after the date of the enactment of this division [Apr. 24, 2024], and every 2 years thereafter, the President shall submit a report to the appropriate Members of Congress containing—“(A) the estimated total funds or assets that are under direct or indirect control by each of the natural persons described under subsection (b), and a description of such funds or assets, except that the President may limit coverage of the report to not fewer than 5 of such natural persons in order to meet the submission deadline described under this paragraph;
“(B) a description of how such funds or assets were acquired, and how they have been used or employed;
“(C) a list of any non-Iranian financial institutions that—“(i) maintain an account in connection with funds or assets described in subparagraph (A); or
“(ii) knowingly provide significant financial services to a natural person covered by the report; and
“(D) a description of any illicit or corrupt means employed to acquire or use such funds or assets.
“(2) Exemptions.—The requirements described under paragraph (1) may not be applied with respect to a natural person or a financial institution, as the case may be, if the President determines:“(A) The funds or assets described under subparagraph (A) of paragraph (1) were acquired through legal or noncorrupt means.
“(B) The natural person has agreed to provide significant cooperation to the United States for an important national security or law enforcement purpose with respect to Iran.
“(C) A financial institution that would otherwise be listed in the report required by paragraph (1) has agreed to—“(i) no longer maintain an account described under subparagraph (C)(i) of paragraph (1);
“(ii) no longer provide significant financial services to a natural person covered by the report; or
“(iii) provide significant cooperation to the United States for an important national security or law enforcement purpose with respect to Iran.
“(3) Waiver.—The President may waive for up to 1 year at a time any requirement under paragraph (1) with respect to a natural person or a financial institution after reporting in writing to the appropriate Members of Congress that the waiver is in the national interest of the United States, with a detailed explanation of the reasons therefor.
“(b) Persons Described.—The natural persons described in this subsection are the following:“(1) The Supreme Leader of Iran.
“(2) The President of Iran.
“(3) The members of the Council of Guardians.
“(4) The members of the Expediency Council.
“(5) The Minister of Intelligence and Security.
“(6) The Commander and the Deputy Commander of the IRGC.
“(7) The Commander and the Deputy Commander of the IRGC Ground Forces.
“(8) The Commander and the Deputy Commander of the IRGC Aerospace Force.
“(9) The Commander and the Deputy Commander of the IRGC Navy.
“(10) The Commander of the Basij-e Mostaz’afin.
“(11) The Commander of the Qods Force.
“(12) The Commander in Chief of the Police Force.
“(13) The head of the IRGC Joint Staff.
“(14) The Commander of the IRGC Intelligence.
“(15) The head of the IRGC Imam Hussein University.
“(16) The Supreme Leader’s Representative at the IRGC.
“(17) The Chief Executive Officer and the Chairman of the IRGC Cooperative Foundation.
“(18) The Commander of the Khatam-al-Anbia Construction Head Quarter.
“(19) The Chief Executive Officer of the Basij Cooperative Foundation.
“(20) The head of the Political Bureau of the IRGC.
“(21) The senior leadership as determined by the President of the following groups:“(A) Hizballah.
“(B) Hamas.
“(C) Palestinian Islamic Jihad.
“(D) Kata’ib Hizballah.
“(c) Form of Report; Public Availability.—“(1) Form.—The report required under subsection (a) and any waiver under subsection (a)(3) shall be submitted in unclassified form but may contain a classified annex.
“(2) Public availability.—The Secretary shall make the unclassified portion of such report public if the Secretary notifies the appropriate Members of Congress that the publication is in the national interest of the United States and would substantially promote—“(A) deterring or sanctioning official corruption in Iran;
“(B) holding natural persons or financial institutions listed in the report accountable to the people of Iran;
“(C) combating money laundering or the financing of terrorism; or
“(D) achieving any other strategic objective with respect to the Government of Iran.
“(3) Format of publicly available reports.—If the Secretary makes the unclassified portion of a report public pursuant to paragraph (2), the Secretary shall make it available to the public on the website of the Department of the Treasury—“(A) in English, Farsi, Arabic, and Azeri; and
“(B) in precompressed, easily downloadable versions that are made available in all appropriate formats.
“(d) Report and Briefing on Iranian Assets and Licenses.—“(1) In general.—Not later than 30 days after the date of the enactment of this division [Apr. 24, 2024], the Secretary of the Treasury shall submit to the appropriate members of Congress a report and provide to the appropriate congressional committees a briefing—“(A) identifying—“(i) 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
“(ii) for each such asset— “(I) the country in which the asset is held;
“(II) the financial institution in which the asset is held; and
“(III) the approximate value of the asset; and
“(B) 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.
“(2) Form.—“(A) Assets.—The report and briefing required by paragraph (1) shall be submitted or provided, as the case may be, in unclassified form.
“(B) Exemptions.—The report and briefing required by paragraph (1) shall be submitted or provided, as the case may be, in classified form.
“(3) Covered person defined.—In this section, the term ‘covered person’ means—“(A) an individual who is a citizen or national of Iran and is acting on behalf of the Government of Iran;
“(B) an entity organized under the laws of Iran or otherwise subject to the jurisdiction of the Government of Iran; and
“(C) an individual or entity that provides material, tactical, operational, developmental, or financial support to—“(i) the Islamic Revolutionary Guard Corps;
“(ii) any agency or instrumentality of the armed forces of Iran;
“(iii) any agency or instrumentality related to the nuclear program of Iran; or
“(iv) any organization designated as a foreign terrorist organization under section 219 of the Immigration and Nationality Act (8 U.S.C. 1189), including Hamas, Hezbollah, Palestinian Islamic Jihad, alQa’ida, and al-Shabaab.