Chairman Royce Applauds Passage of Iran Terror Finance Transparency Act
Washington, D.C. – Today, House Foreign Affairs Committee Chairman Ed Royce (R-CA) applauded House passage of H.R. 3662, Iran Terror Finance Transparency Act, introduced by Rep. Steve Russell (R-OK). The legislation enhances congressional oversight and ensures the administration does not lift sanctions against individuals involved in Iran’s ballistic missiles program or terrorism.
Upon passage of H.R. 3662, Chairman Royce said: “While trying to sell the American people on his nuclear deal with Iran, President Obama vowed sanctions on the Iranian regime’s support for terrorism and its ballistic missile program ‘will continue to be fully enforced.’ Yet there’s nothing in U.S. law to prevent the administration from lifting sanctions on those involved in these activities.
“Since the Obama Administration sealed the Iran nuclear deal, Tehran has been on a roll. It has accelerated its missile program, taken more Americans hostage, and stepped up its slaughter in Syria. The administration’s response? Silence.
“In just days, the regime in Tehran could begin to access tens of billions in cash under the president’s nuclear deal. This bill is about ensuring the president keeps his promise. It will require him to certify that those receiving sanctions relief are not tied to Iran’s terrorism, ballistic missile or other illicit weapons programs.”