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Iran Threat Reduction Act of 2011

Floor Speech

Date: Dec. 13, 2011
Location: Washington, DC
Issues: Defense

Mr. QUIGLEY. Mr. Speaker, this week the House will consider the Iran Threat Reduction Act to bolster sanctions on the Iranian regime. It is time.

As the International Atomic Energy Agency recently reported, Iran could have a bomb within a year and is pursuing the means to trigger and deliver a nuclear weapon. We are out of time and have no choice but to enact the severest of sanctions in order to protect our ally Israel, our troops, and the entire region. And as the Israeli Prime Minister warned, there is nothing to stop Iran from exporting the bomb.

This bill will put in place debilitating sanctions on the Central Bank of Iran, which finances the nuclear program. The sanctions would deny those who do business with Iran Central Bank access to American markets. We are out of time, and we are running out of options. This bill gives us more of both.

I urge my colleagues to pass H.R. 1905, cut off the Central Bank of Iran, and send a message that a nuclear Iran is unacceptable.


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