Cotton, Hatch Introduce the Iranian Leadership Asset Transparency Act
Contact: Caroline Rabbitt Tabler (202) 224-2353
Washington, D.C. - Senator Tom Cotton (R-Arkansas) along with Senator Orrin Hatch (R-Utah) today introduced the Iranian Leadership Asset Transparency Act, which would require the Treasury Department to provide a report estimating the assets of key figures in the Iranian government.
"This report will expose to all the world just how badly the ayatollahs have mismanaged the Iranian economy and just how much money they've stolen from the Iranian people. For too long, they've lived lavishly while their own people have suffered, and it's time we shine a bright line on this corruption," said Cotton.
"I am pleased to join Senator Cotton in introducing the Iranian Leadership Asset Transparency Act, a bill that calls for the public release of information concerning the fortunes that line the coffers of Ayatollah Khamenei and his regime. By educating the public about the Iranian government's profiteering at the expense of its own people, this proposal will aid Iranians in their quest for freedom and prosperity," said Hatch.
Background: Companion legislation sponsored by Congressman Bruce Poliquin (R-Maine) passed the House in December 2017.