Floor SpeechUrgent2018-07-25

Text of Senate Amendment 3561

TaxesEnvironmentForeign PolicyHousingCrime & Justice

Context

On 2018-07-25, Senator Tom Cotton (R-AR) delivered a floor speech titled "Text Of Senate Amendment 3561" in the Senate. The speech addressed taxes and also covered the environment, foreign policy. It referenced legislation including HR6147, S5381, S5382.

Full Text

Text of Senate Amendment 3561

Congressional Record, Volume 164 Issue 125 (Wednesday, July 25, 2018) [Congressional Record Volume 164, Number 125 (Wednesday, July 25, 2018)] [Senate] [Pages S5381-S5382] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] SA 3561. Mr. COTTON (for himself, Mr. Hatch, Mr. Cruz, Mr. Gardner, Mr. Perdue, Mrs. Fischer, Mr. Sasse, Mr. Cornyn, and Mr. Rubio) submitted an amendment intended to be proposed by him to the bill H.R. 6147, making appropriations for the Department of the Interior, environment, and related agencies for the fiscal year ending September 30, 2019, and for other purposes; which was ordered to lie on the table; as follows: At the appropriate place in division B, insert the following: SEC. ___. REPORT RELATING TO ASSETS OF IRANIAN LEADERS AND SENIOR POLITICAL FIGURES. (a) In General.--Not later than 270 days after the date of the enactment of this Act, [[Page S5382]] and annually thereafter (or more frequently if the Secretary of the Treasury determines it appropriate based on new information received by the Secretary) for the following 2 years, the Secretary of the Treasury shall, in furtherance of the Secretary's efforts to prevent the financing of terrorism, money laundering, and related illicit finance and to make financial institutions' required compliance with sanctions more easily understood, submit to the appropriate congressional committees a report containing-- (1) the estimated total funds or other assets held in accounts at United States and foreign financial institutions that are under direct or indirect control of each individual described in subsection (b) and a description of such funds or assets; (2) an identification of any equity interest such an individual has in an entity on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury or in any other entity with respect to which sanctions are imposed; (3) a description of how such funds or assets or equity interests were acquired, and how they have been used or employed; (4) a description of any new methods or techniques used to evade anti-money laundering and related laws, including recommendations to improve techniques to combat illicit uses of the United States financial system by individuals described in subsection (b); (5) recommendations for how United States economic sanctions against Iran may be revised to prevent the funds or other assets described in paragraph (1) from being used by individuals described in subsection (b) to contribute-- (A) to the continued development, testing, and procurement of ballistic missile technology by Iran; and (B) to human rights abuses; (6) an assessment of the impact and effectiveness of United States economic sanctions programs against Iran; (7) a description of how the Department of the Treasury assesses the impact and effectiveness of United States economic sanctions programs against Iran; and (8) recommendations for improving the ability of the Department of the Treasury to rapidly and effectively develop, implement, and enforce additional economic sanctions against Iran if so ordered by the President under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) or any other provision of law. (b) Individuals Described.--The individuals described in this paragraph are the following: (1) The Supreme Leader of Iran. (2) The President of Iran. (3) Members of the Council of Guardians. (4) 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 head of the Atomic Energy Organization of Iran. (c) Form of Report; Public Availability.-- (1) Form.--Each report required by subsection (a) shall be submitted in unclassified form but may contain a classified annex. (2) Public availability.--The unclassified portion of a report required by subsection (a) shall be made available to the public and posted on a publicly available Internet 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) Sources of Information.--In preparing a report required by subsection (a), the Secretary of the Treasury may use any credible publication, database, web-based resource, public information compiled by any government agency, and any information collected or compiled by a nongovernmental organization or other entity provided to or made available to the Secretary, that the Secretary finds credible. (e) Sense of Congress.--It is the sense of Congress that, in preparing reports required by subsection (a), the Secretary of the Treasury should consider acquiring information from sources that-- (1) collect and, if necessary, translate high-veracity, official records; or (2) provide search and analysis tools that enable law enforcement agencies to have new insights into commercial and financial relationships. (f) Definitions.--In this section: (1) Appropriate congressional committees.--The term ``appropriate congressional committees'' means-- (A) the Committee on Financial Services and the Committee on Foreign Affairs of the House of Representatives; and (B) the Committee on Banking, Housing, and Urban Affairs and the Committee on Foreign Relations of the Senate. (2) Funds.--The term ``funds'' means-- (A) cash; (B) equity; (C) any other intangible asset the value of which is derived from a contractual claim, including bank deposits, bonds, stocks, a security (as defined in section 2(a) of the Securities Act of 1933 (15 U.S.C. 77b(a))), or a security or an equity security (as defined in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a))); and (D) any other asset that the Secretary determines appropriate. ______

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Text of Senate Amendment 3561 Congressional Record, Volume 164 Issue 125 (Wednesday, July 25, 2018) [Congressional Record Volume 164, Number 125 (Wednesday, July 25, 2018)] [Senate] [Pages S5381-S5382] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] SA 3561. Mr. COTTON (for himself, Mr. Hatch, Mr. Cruz, Mr. Gardner, Mr. Perdue, Mrs. Fischer, Mr. Sasse, Mr. Cornyn, and Mr. Rubio) submitted an amendment intended to be proposed by him to the bill H.R. 6147, making appropriations for the Department of the Interior, environment, and related agencies for the fiscal year ending September 30, 2019, and for other purposes; which was ordered to lie on the table; as follows: At the appropriate place in division B, insert the following: SEC. ___. REPORT RELATING TO ASSETS OF IRANIAN LEADERS AND SENIOR POLITICAL FIGURES. (a) In General.--Not later than 270 days after the date of the enactment of this Act, [[Page S5382]] and annually thereafter (or more frequently if the Secretary of the Treasury determines it appropriate based on new information received by the Secretary) for the following 2 years, the Secretary of the Treasury shall, in furtherance of the Secretary's efforts to prevent the financing of terrorism, money laundering, and related illicit finance and to make financial institutions' required compliance with sanctions more easily understood, submit to the appropriate congressional committees a report containing-- (1) the estimated total funds or other assets held in accounts at United States and foreign financial institutions that are under direct or indirect control of each individual described in subsection (b) and a description of such funds or assets; (2) an identification of any equity interest such an individual has in an entity on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury or in any other entity with respect to which sanctions are imposed; (3) a description of how such funds or assets or equity interests were acquired, and how they have been used or employed; (4) a description of any new methods or techniques used to evade anti-money laundering and related laws, including recommendations to improve techniques to combat illicit uses of the United States financial system by individuals described in subsection (b); (5) recommendations for how United States economic sanctions against Iran may be revised to prevent the funds or other assets described in paragraph (1) from being used by individuals described in subsection (b) to contribute-- (A) to the continued development, testing, and procurement of ballistic missile technology by Iran; and (B) to human rights abuses; (6) an assessment of the impact and effectiveness of United States economic sanctions programs against Iran; (7) a description of how the Department of the Treasury assesses the impact and effectiveness of United States economic sanctions programs against Iran; and (8) recommendations for improving the ability of the Department of the Treasury to rapidly and effectively develop, implement, and enforce additional economic sanctions against Iran if so ordered by the President under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) or any other provision of law. (b) Individuals Described.--The individuals described in this paragraph are the following: (1) The Supreme Leader of Iran. (2) The President of Iran. (3) Members of the Council of Guardians. (4) 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 head of the Atomic Energy Organization of Iran. (c) Form of Report; Public Availability.-- (1) Form.--Each report required by subsection (a) shall be submitted in unclassified form but may contain a classified annex. (2) Public availability.--The unclassified portion of a report required by subsection (a) shall be made available to the public and posted on a publicly available Internet 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) Sources of Information.--In preparing a report required by subsection (a), the Secretary of the Treasury may use any credible publication, database, web-based resource, public information compiled by any government agency, and any information collected or compiled by a nongovernmental organization or other entity provided to or made available to the Secretary, that the Secretary finds credible. (e) Sense of Congress.--It is the sense of Congress that, in preparing reports required by subsection (a), the Secretary of the Treasury should consider acquiring information from sources that-- (1) collect and, if necessary, translate high-veracity, official records; or (2) provide search and analysis tools that enable law enforcement agencies to have new insights into commercial and financial relationships. (f) Definitions.--In this section: (1) Appropriate congressional committees.--The term ``appropriate congressional committees'' means-- (A) the Committee on Financial Services and the Committee on Foreign Affairs of the House of Representatives; and (B) the Committee on Banking, Housing, and Urban Affairs and the Committee on Foreign Relations of the Senate. (2) Funds.--The term ``funds'' means-- (A) cash; (B) equity; (C) any other intangible asset the value of which is derived from a contractual claim, including bank deposits, bonds, stocks, a security (as defined in section 2(a) of the Securities Act of 1933 (15 U.S.C. 77b(a))), or a security or an equity security (as defined in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a))); and (D) any other asset that the Secretary determines appropriate. ______