"The Biden Administration continues to pander to Tehran through lax enforcement of oil sanctions and the unfreezing of billions in assets. Since Joe Biden stepped into the Oval Office, Iran has made around $80 billion from illicit oil sales. This steady stream of oil revenue provides significant resources for Iran to advance its nuclear program, support terrorism, and brutally oppress the Iranian people. The SHIPS Act is a crucial step in reversing the Biden Administration's strategy of appeasement to ensure Tehran does not have the resources to continue funding Hamas's barbaric attack on Israel."