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Washington, D.C. – Congressman Michael McCaul (R-TX), Lead Republican on the House Foreign Affairs Committee, issued the following statement about the Administration’s new sanctions on Iran’s Central Bank, National Development Fund, and Etemad Tejarat Pars:

“I applaud President Trump for continuing his maximum pressure campaign against Iran. These latest sanctions will have a serious impact on the heart and soul of the regime’s financial center of gravity. This will help stop their ability to wage war, support terror, and destabilize the region.

“Iran’s escalating violence over the past few months – including taking down a U.S. drone, attacking Saudi Aramco, capturing a British flagged tanker, and threatening international shipping through the Strait of Hormuz – deserves a stronger global response. This Administration is building a global coalition to address Iran’s malign and destabilizing behavior, and I urge all of our allies and partners to join us. On a matter that threatens the entire world order, the United States should not stand alone”