Washington, D.C.—Today, Congressman Ted Poe (TX-02), Chairman of the Subcommittee on Terrorism, issued the following statement on House passage of H.R. 3662, the Iran Terror Finance Transparency Act.
“You know there is something nutty when Iran’s greatest benefactor is the United States. This Administration made a historically bad “deal” with Iran. The only nation benefitting from this dangerous agreement is Iran. Thanks to this deal, the world’s largest State sponsor of terrorism is only a few small steps away from a nuclear bomb. After signing it, Iran defiantly violated two UN resolutions restricting ballistic missiles. In response, the Treasury Department assured Congress that it would implement new sanctions, but at the last minute, the State Department cancelled those sanctions. Iran was off the hook. Iran acts without consequences.
This legislation increases Congressional oversight of this process, ensuring that Administration does not lift sanctions on institutions and individuals who are involved in terrorism without first consulting Congress. The President must certify to Congress that the person or entity in question has not given financial or material support to a terrorist organization before they are removed from the sanctions list. America should not make it easier for Iran’s terrorist proxies to get even more money than the $150 billion that is in this bad deal.”