Tracking and Restricting Adversarial Circumvention of Embargoes Act of 2025

This bill requires the Director of National Intelligence to submit a report within 180 days of enactment detailing China's purchases of Iranian oil and financial transactions supporting Iran's ballistic missile program since 2020, including how China uses shell companies and transshipment points to avoid sanctions. The report must cover assessments of these activities and be sent to Congress and the Treasury Department. Six months after the report is submitted, the Treasury Secretary must determine whether China is engaging in sanctionable activities and report that finding to Congress. The bill directly affects U.S. government agencies (National Intelligence Director, Treasury, and Congress) and targets China's circumvention of sanctions on Iran.