The Holding Iranian Leaders Accountable Act of 2023 requires the U.S. Secretary of the Treasury to report on the involvement of financial institutions with Iranian officials. The Act mandates a report, due 180 days after enactment and every two years thereafter, detailing the...
Simple Explanation
The bill is like a rule saying that the U.S. needs to keep an eye on how banks are dealing with people who run Iran, making sure they're not hiding or doing anything sneaky with money. It also lets the President decide to keep some things secret about this if it helps the country.