McHenry: Strengthening Sanctions Against Iran
Bill increases Congressional oversight of Iranian sanctions regime
Chief Deputy Whip Patrick McHenry (R, NC-10) released the following statement after House passage of H.R. 3662, the Iran Terror Finance Transparency Act:
“When advocating for the Iranian nuclear agreement, President Obama committed to maintaining all non-nuclear sanctions on the Iranian regime. In the months since, this has proven to be untrue and there remains no law that prevents the Administration from further lifting sanctions.
“The Iran Terror Finance Transparency Act changes that. With passage of this bill, the Obama Administration is blocked from offering sanctions relief to any Iranian banks or other entities that conduct business with terrorist organizations including the Islamic Revolutionary Guard Corps (IRGC), Hamas, and Hezbollah.
“In light of the regime’s recent missile tests and the capture and detention of ten US Sailors, it is imperative President Obama sign this bill into law and show the Iranian regime that their continued hostile acts will not be tolerated.”