Report to Congress Pursuant to the FY13 NDAA
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This law mandates the Secretary of State to report to Congress every 180 days regarding the use of certain materials by Iran, as specified in the Iran Freedom and Counter-Proliferation Act. The report must determine if Iran is utilizing these materials for barter or listing them as government assets. It also assesses the control of specific economic sectors by Iran's Islamic Revolutionary Guard Corps and identifies materials used in connection with Iran's nuclear and military programs.
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Key Changes
- Specification of materials to be reported on.
- Regular reporting requirement every 180 days.
- Assessment of economic sectors controlled by the IRGC.
Obligations
What this law requires
Secretary of State must submit a report to appropriate congressional committees every 180 days
Secretary of State must publish the 180-day report in the Federal Register
Secretary of State must determine whether Iran is using IFCA-specified materials as a medium for barter, swap, or other exchange/transaction
Secretary of State must determine whether Iran is listing IFCA-specified materials as assets of the Government of Iran for national balance sheet purposes
Secretary of State must identify which sectors of Iran's economy are controlled directly or indirectly by the Islamic Revolutionary Guard Corps (IRGC)