The US House of Representatives approved the “Iran Terror Finance Transparency Act,” nearly three weeks after a similar vote was cancelled.
The House narrowly passed the legislation last month, but the vote was voided after nearly a third of the chamber showed up too late to cast their votes.
The “Iran Terror Finance Transparency Act,” bars the removal of certain individuals and financial institutions from a restricted list until Obama administration certifies to Congress that they are not involved in Iran’s ballistic missile program or in terrorist activities.
Following Tuesday’s passage of the Iran Terror Finance Transparency, House Foreign Affairs Chairman Rep. Ed Royce said: The regime in Tehran “is cashing in on a $100 billion jackpot, even as it tests ballistic missiles, seizes American sailors and continues its support for terrorism. President Obama must keep his promise to ‘fully enforce’ sanctions on Iran’s illicit programs and confront its dangerous acts.”
Rep. Joe Barton said in a statement: “As a part of the Iran Nuclear Negotiations, President Obama agreed to provide certain individuals and organizations in Iran relief from sanctions. Some of these organizations could be connected with terrorist activities but this bill prohibits the president from providing relief for these groups until security concerns can be alleviated. Additionally, it allows greater Congressional oversight and approval.”
“This administration should not and cannot remove terrorist organizations from laundering concerns lists or provide relief of sanctions,” he added.
