H.R. 6528 — Tracking and Restricting Adversarial Circumvention of Embargoes Act of 2025

This section directs the Director of National Intelligence to submit to the appropriate congressional committees and the Secretary of the Treasury, not later than 180 days after the date of enactment, a report analyzing oil and ballistic missile-related transactions between the People’s Republic of China and the Islamic Republic of Iran. The report must include (1) an assessment of China’s purchases of Iranian oil since 2020, including the use of transshipment points and shell companies to evade sanctions; and (2) an assessment of significant financial transactions by Chinese entities related to the sale, supply, or transfer to Iran of chemical precursors and other materials that may support Iran’s ballistic missile program.

This section directs the Secretary of the Treasury, not later than 6 months after the submission of the report required by section 2, to determine whether the People's Republic of China is conducting any sanctionable activities and to report such determination to Congress.