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Mr. ROUNDS. Madam President, I echo the feelings of my friend and colleague from the State of Kansas. He speaks with emotion and he speaks with a heartfelt sense of concern that many of us have with regard to this proposed agreement by the President.
I rise to speak about the Joint Comprehensive Plan of Action, or the JCPOA, between the United States, Great Britain, France, China, Russia, Germany, and the Islamic Republic of Iran. Much has been said about the agreement over the past weeks and months. My colleagues have addressed a great number of concerns and deficiencies about the deal and many outside experts have testified before multiple committees of Congress explaining their views as well.
In addressing these concerns, I wish to ask just a few simple questions: Do we believe that with this agreement the United States and our allies are safer today than we were 1 year ago and will we be safer when the nuclear limitations expire in 10 years? The answers to these questions are very important. They will dictate what we decide in one of the most important votes we will cast in the 114th Congress.
After closely examining the agreement, the following can be concluded: Upon verification by the IAEA--the International Atomic Energy Agency--of Iranian compliance, supposedly within a few months if Iran is in compliance, they will, after payment of their obligations, receive around $56 billion that were frozen in overseas accounts. Further revenue will be generated because the European Union has agreed to lift its ban on the import of Iranian oil, thereby providing Iran with billions more in revenue with which to repair its oilfields and begin to repair its battered economy.
According to the Wall Street Journal, Iran's Deputy Petroleum Minister recently stated that his country's oil exports would reach 2.3 million barrels a day, compared with around 1.2 million barrels per day today. Iran would also gain access to 50 million barrels of oil which have been held offshore, and economists estimate that Iran's economy will grow up to 9 percent in the year after the implementation of the agreement.
This verification that we talk about by the IAEA will be accomplished through protocols that Members of the Senate have not seen in writing and that the administration has not--nor will they--agreed to provide to us. This is in direct contravention to the Iran review act, which the President signed into law, agreeing to provide all documents and side agreements and, according to reports, will unbelievably allow the Iranians to provide their own inspections of their military work on nuclear sites to the IAEA.
A robust inspection of a regime requires an anytime, anywhere inspection policy. Unfortunately, under the idea of managed access, as found in this agreement, if the IAEA requests access to an undeclared location, under this agreement Iran can delay access to the facility for 2 weeks or longer with the outlined multistep process for undeclared locations.
U.S. sanctions against foreign firms for dealing with Iran in the oil and financial sectors, which have been the most effective sanctions enacted against Iran, will be suspended upon implementation of this agreement. Sanctions prohibiting U.S. firms from conducting business with Iran will remain in place, but with a large carve-out for non-U.S. entities that are owned or controlled by U.S. companies. Some sanctions will also be lifted against Iran's Revolutionary Guard, the entity that actually runs the military aspects of Iran's nuclear program. Furthermore, the agreement requires the United States to make certain that U.S. State and local governments comply with sanctions relief contravening their own sanctions placed on Iran.
Now, this proposal, the JCPOA, also commits the P5+1--that working group of countries--to work to strengthen Iran's ability to protect against and respond to nuclear security threats, including sabotage, which we can presume would mean from even our allies who feel deeply threatened by this agreement which transforms Iran--a terrorist State--into a breakout nuclear power and still a terrorist State.
In year 5 of the agreement, Iran will be removed from the United Nations arms embargo. Yet as the Chairman of the Joint Chiefs of Staff, GEN Martin Dempsey, told the Senate Armed Services Committee in August: ``Under no circumstances should we relieve pressure on Iran relative to ballistic missile capabilities and arms trafficking.''
In year 8 of the agreement, Iran will be removed from the United Nations ballistic missile embargo.
Now, in July of this year, Secretary of Defense Ashton Carter confirmed to me in a hearing that under this deal, he could not rule out Iran acquiring, within 10 years, an intercontinental ballistic missile that could hit the United States. This means Iran would have the capability of producing a nuclear weapon that could reach U.S. soil in a decade.
These comments come after Gen. Paul Selva, now the Vice Chairman of the Joint Chiefs of Staff, told me during a separate hearing that Iran remains the leading State sponsor of terrorism, and resources gained in sanctions relief under the nuclear deal could be used by Iran to continue sponsoring terrorism.
Under the agreement, the United States agreed to allow the nuclear-related equipment to remain in Iran under lock and key, and Iran will be allowed to continue researching IR-4, IR-5, IR-6, and IR-8 centrifuges. Iran will also be allowed to begin testing IR-6 and IR-8 centrifuges in cascades of 30 at year 8 of the agreement. After 8 years, many of the research-and-development restrictions are removed and Iran will begin to manufacture advanced centrifuges. All R&D restrictions end at 10 years.
Finally, after 10 years, Iran will be free of the restrictions on enrichment and could become a nuclear threshold State--legally, under international law--only postponing the inevitable nuclearization of Iran.
So with these facts established, I am left with what appears to me to be the undeniable answers to my questions: The United States and our Middle Eastern allies are absolutely not safer today than we were 1 year ago, and we will all be left unquestionably less safe when this agreement ends in 10 years. I, therefore, oppose this deal. It is an agreement that will reward a violent terrorist regime. Instead of stopping the Iranians from ever obtaining a nuclear weapon, it merely delays it. This deal is shortsighted and dangerous for our security.
Just a few days ago I was talking with my 8-year-old grandson. He asked me what I was working on in the Senate. I told him about the President's proposed deal with Iran. I told him what we were giving them. I told him about the money, the lifting of the sanctions, the access to weapons and, soon, the ability to make a very bad bomb. After all of this, he looked at me and he simply asked: ``What do we get out of it?'' If this third grader can see how bad this deal is, so should we.
In conclusion, I urge my fellow Senators to vote not only to allow us to debate this issue but to vote in opposition to the President's deal with Iran. It is truly wrong for the United States and for the world. If my grandson understood that we truly are getting a bad deal--one that we should reject--most certainly we should understand as well.
Madam President, I yield the floor.
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