REPORT ON IRANIAN OIL SALES PROCEEDS.

SEC. 1707. REPORT ON IRANIAN OIL SALES PROCEEDS. (a) In General.—Not later than 90 days after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a report that includes each of the following: (1) An assessment of how proceeds from illicit Iranian oil sales support Iran’s military and security budget. (2) An assessment of the extent to which the funds described in paragraph (1) have been used directly or indirectly by Iran’s Islamic Revolutionary Guard Corps, Hamas, Hizballah, or other Iranian proxies. (3) An overview of efforts undertaken to enforce sanctions against Iran’s energy sector, including interdictions of tankers. (b) Form.—The report required by subsection (a) shall be submitted in unclassified form, but may include a classified annex. (c) Appropriate Congressional Committees Defined.—In this section, the term “appropriate congressional committees” means— (1) the Committee on Armed Services and the Committee on Foreign Relations of the Senate; and (2) the Committee on Armed Services and the Committee on Foreign Affairs of the House of Representatives.