Cramer: House Passes H.R. 3662, Iran Terror Finance Transparency Act

Statement

Congressman Kevin Cramer announced today the U.S. House of Representatives passed H.R. 3662, the Iran Terror Finance Transparency Act. This bill blocks the Administration from offering sanctions relief to any entity -- a bank, business, or individual -- included in the Iran Nuclear Deal until the President certifies they have not conducted business with a terrorist organization, Iran's Islamic Revolutionary Guard Corps, or in support of either Iran's ballistic missile or its conventional weapons programs.

"Iran's live fire missile test within 1,500 yards of the USS Harry S. Truman aircraft carrier in the Persian Gulf and carrying out a test of new medium range missiles capable of delivering a nuclear warhead in violation of U.N Security Resolutions prove the country remains a threat," said Cramer. "The recent image of 10 American sailors held hostage at gunpoint by the Iranian military proves to me Iran cannot be trusted. As part of the Nuclear Agreement, Iran will receive up to $150 billion in funds and assets. Its bellicose language and recent hostile actions towards the United States and our allies in the Gulf region demonstrate Iran has not changed. Such large-scale sanctions relief allows it to fund terrorists around the globe."

Cramer joined fellow members of the U.S. House in a letter to U.S. Secretary of Defense Ash Carter demanding a thorough and immediate investigation into the situation and Iran's actions. View the letter here.

Recently, former administration officials, appearing before the House Armed Services Committee, said the Obama administration isn't doing enough to reassure Arab allies in the face of threats from Iran. Former Acting CIA Director Michael Morell said Iran hasn't changed its behavior since the Iran Nuclear Deal was struck. "Right now, our allies think that they're all alone against their version of the Soviet Union, and that's not too strong a statement," said Morrell.

Source