Financial Institutions and Assets Report

Statutory Text

(a) Financial Institutions and Assets Report.—

(1) In general.—Not later than 180 days after the date of the enactment of this division, 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.

Verbatim from the enrolled law as published by GovInfo; margin notes and page markers omitted. Pub. L. 118-50 on GovInfo · PDF · text fetched Oct. 17, 2026

How the Date Is Worked Out

1. Enacted Apr. 24, 2024 (Pub. L. 118-50).
2. Text: “Not later than 180 days after the date of the enactment of this division.” Apr. 24, 2024 + 180 days = Oct. 21, 2024.
3. Recurs every 2 years, running from the first deadline: Oct. 21, 2024 + k × 2 years.
4. As of Nov. 11, 2026: next deadline Oct. 21, 2028 (710 days away); previous Oct. 21, 2026.

Delivery Status

Not publicly verifiable

Public Evidence

• No public document located that shows delivery.

Evidence Searched

• GovInfo Congressionally Mandated Reports collection: 1,209 packages listed; titles searched for Middle East terms; 55 State, Defense, Treasury and executive-office summaries checked for citations to Pub. L. 118-50 (0 found) (Oct. 17, 2026)
• Federal Register API: phrase “Mahsa Amini Human Rights and Security Accountability Act”: 1 document titles searched (Oct. 17, 2026)
• Federal Register API: phrase “Stop Harboring Iranian Petroleum Act”: 1 document titles searched (Oct. 17, 2026)
• Federal Register API: phrase “Hamas International Financing Prevention Act”: 0 document titles searched (Oct. 17, 2026)
• MEF hand review: evidence.json, items with a link and a note on what the document shows (Oct. 17, 2026)

A status of “Reported late by GAO, committee or agency” appears only with a linked GAO, committee or agency statement. Reports sent only to committees, or in classified form, leave no public trace; their absence here is not evidence of a missed deadline.

Review

• Machine-extracted by rule from the public law text; awaiting named human review.