WASHINGTON – U.S. Congressman Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, issued the following statement regarding reports the Obama Administration is working to provide terrorist-sponsoring Iran with access to the U.S. financial system or give Iran access to U.S. dollars outside the U.S. financial system:
“These reports are alarming and I can assure the Obama Administration that any effort to grant such access to the terrorist-sponsoring, human-rights-abusing, ballistic-missile-testing Islamic Republic of Iran will be met by the highest level of scrutiny from our committee.
“Just recently, the Financial Action Task Force warned it was ‘exceptionally concerned’ that Iran’s ‘failure to address the risk of terrorist financing’ poses a ‘serious threat…to the integrity of the international financial system.’ The idea that the Administration would make access to U.S. financial markets or the U.S. dollar easier for such a regime is another clear sign that the President’s nuclear deal may have been good for Iran, but it was bad for America’s security. “
Chairman Hensarling also sent a letter to Treasury Secretary Jacob Lew requesting “all details regarding Administration plans or efforts to enable the U.S. dollar’s use in transactions related to Iran.”
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