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House Committee Approves Bill to Report on Iranian Assets Abroad

By Valentina Pasquali

UPDATE APPENDED: A Congressional committee on Thursday approved a measure that would require the U.S. Treasury Department to collect data on the assets of Iranian leaders held in the United States and abroad. In a 39-20 vote, the House Financial Services Committee elected to send the Iranian Leadership Asset Transparency Act to a floor vote despite White House opposition to the legislation, which is aimed at improving sanctions enforcement and countermeasures against money laundering. The bill, introduced by Rep. Bruce Poliquin (R-ME), would obligate the department to annually report on the total funds or assets held at U.S. and foreign...

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