This bill would require the Treasury Dept. to report to Congress on the Iranian government’s financing of civilian aircraft purchases. The Treasury Secretary would have to certify whether or not financial transactions to facilitate the export of aircraft to Iran involve activities that could be sanctioned under current law.
The first report would be required within 60 days of enactment, and reports would be required every 180 days thereafter. The reports would be required unless the president certifies to Congress that Iran isn’t at risk of financing terrorism, money laundering, and that ending the reports is in the interest of national security.