1. Short title This Act may be cited as the Iranian Military and Terror Financing Reporting Act . 2. Findings Congress finds the following: (1) The Joint Comprehensive Plan of Action ( JCPOA ) was agreed to on July 14, 2015, and adopted in October 2015. (2) According to statements by Iranian officials, Iran entered into the agreement in order to improve its domestic economic situation, brought about, according to experts, by economic mismanagement on the part of Iran’s leadership and by highly successful sanctions targeting Iran’s energy and banking sectors. (3) Notwithstanding the implementation of the JCPOA and the aspirations of Iran’s clerical leadership to moderate its behavior, Iran continues to engage in regionally destabilizing activities, including support for terrorist proxies and illegal testing of ballistic missiles. (4) Meanwhile, Iran’s economy continued to sputter after the implementation of the JCPOA, according to experts, despite the lifting or easing of many sanctions. (5) On December 29, 2017, peaceful protests broke out in several Iranian cities against Iran’s leadership based on economic discontent. (6) In response to the protests, Iran’s political leadership criticized the United States for failing to uphold its commitments under the JCPOA, while Supreme Leader Khamenei blamed enemies for the protests. (7) However, according to the Financial Action Task Force, Iran has failed to improve its banking system or establish adequate accountability measures with respect to money laundering to attract foreign investment. (8) Iran’s Islamic Revolutionary Guard Corps, an entity included on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury for its destabilizing activities, also controls major aspects of Iran’s economy, which has a further chilling effect on foreign investment in Iran. 3. Sense of Congress It is the sense of Congress that— (1) in the absence of sanctions relating to nuclear activity,