and subsidiaries located in Iran. (4) According to the State Department’s Country Reports on Terrorism in 2021, Iran continued to be the leading state sponsor of terrorism, facilitating a wide range of terrorist and other illicit activities around the world. Regionally, Iran supported acts of terrorism in Bahrain, Iraq, Lebanon, Syria, and Yemen through proxies and partner groups such as Hizballah and Hamas. . 3. Report on financial institutions and assets connected to certain Iranian officials (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