Like Causes?

Install the App
TRY NOW

house Bill H.R. 3662

Keeping Sanctions on Iran — Unless the President Can Ensure the Financial Gains Won't Go to Terrorists

Argument in favor

The President should be able to certify that lifting sanctions on Iranian banks and individuals won’t undermine counterterrorism or anti-proliferation efforts.

BTSundra's Opinion
···
01/12/2016
No sanctions should be removed until human rights are improved in Iran, but if they have be removed, of course we should make them follow through completely.
Like (19)
Follow
Share
mgsprinkle's Opinion
···
01/12/2016
Iran can not be trusted nor can our President be trusted. All sanctions should be kept in force!
Like (11)
Follow
Share
Hammer's Opinion
···
01/12/2016
A terrible deal overall. I have never met an average citizen who thinks this deal is a good idea or approves in any way. Anything to slow or stop the deal should be tried. What is the US getting from this deal? Nothing.
Like (5)
Follow
Share

Argument opposed

This legislation is an attempt to undermine the international agreement on Iran’s nuclear program by forcing the president's administration to make promises they can't keep.

Scott's Opinion
···
01/12/2016
Already covered in the actual treaty. Can anyone actually read?
Like (20)
Follow
Share
Paul's Opinion
···
01/13/2016
We are not giving Iran money. We are not giving Iran money. No part of this deal involves us giving Iran money. That said, the deal allows Iran to partake in international trade, which would benefit many of the nation's aims. Which is why people say we're giving them billions, but allowing someone to open a shop is not the same as financing their shop. I know that's not exactly what's being dealt with in this bill, but I really can't stand this misconception. More importantly, provisions against terrorist financing are already in the actual deal. This is duplicative and serves only to derail what is a hugely important in avoiding nuclear proliferation in the Middle East. And even if this hasn't already been dealt with, nuclear proliferation is a thousand times more important than terrorism. Vote for this bill and you vote for WWIII.
Like (19)
Follow
Share
Steven's Opinion
···
01/13/2016
How many end runs is congress going to try and make around this treaty. The other option is war, which is always an option. So let's explore an option that doesn't draw us into another Middle East conflict before beating the War drum again.
Like (17)
Follow
Share

What is House Bill H.R. 3662?

This bill would call for more Congressional oversight of U.S. economic and trade sanctions — specifically with Iran. 

It focuses on sanctions covering Iran's financial institutions. Travel restrictions on Iranian nationals involved with the country’s nuclear weapons program or U.S. designated terrorist organizations are also covered in this bill.

Iranian financial institutions could not be removed from the Office of Foreign Asset Control’s sanctions list — unless the President can certify that institution hasn’t knowingly processed a transaction, or no longer knowingly processes transactions for:

The President would be kept from removing specific foreign people from the list of designated nationals and blocked persons — unless the President can certify that the person has not knowingly:

  • Assisted or offered financial, material, or technological support for terrorism or a terrorist organization;

  • Been involved in activities or transactions that have materially contributed to Iran's proliferation of weapons of mass destruction or their means of delivery.

Additionally, the President can't remove Iran’s designation as primary money laundering concern — unless he or she certifies that Iran no longer supports terrorism, pursues weapons of mass destruction, and illegal or deceptive financial activities. Rulemaking by federal agencies related to Iran would be subject to congressional review requirements.

Impact

The American public, U.S. Iran diplomatic relations, Iranian banks and individuals that have been sanctioned, federal entities that enforce sanctions, Congress, and the President.

Cost of House Bill H.R. 3662

$5.00 Billion
The CBO estimates that this bill could affect spending and tax revenues, but wouldn’t increase direct spending by more than $5 billion and or increase deficits in any of the four 10-year periods beginning in 2026.

More Information

In-Depth: Sponsoring Rep. Steve Russell (R-OK) introduced this legislation to increase the President’s accountability to Congress and regarding sanctions against Iranian financial institutions and certain individuals:

“We believe the President needs to provide Congress and the American people justification on why a select, identified group of terrorists and human rights violators no longer qualify to be on those lists.”

Chairman of the House Foreign Affairs Committee Ed Royce (R-CA) noted that the sanctions relief agreed to in the Iran nuclear agreement has become more aggressive in non-nuclear areas that undermine anti-terrorism efforts:

“Since the Obama Administration sealed the Iran nuclear deal, Tehran has been on a roll. It has accelerated its missile program, taken more Americans hostage, and stepped up its slaughter in Syria. And in a few weeks, it will cash-in with tens of billions in sanctions relief. All of this comes with no pushback from the Administration. And now we understand that some entities set for sanctions relief - like Iran’s Bank Meli and Bank Sepah - will be given a pass for backing ballistic missile development and terrorism.”

The Obama administration has said that it “strongly opposes” this legislation because it would “interfere with the implementation of the [Joint Comprehensive Plan of Action].” Those concerns have been echoed by others who note that the relevant Iranian banks and individuals were originally sanctioned because of their involvement with Iran’s nuclear program or the financing of terrorism. Coupled with the difficulty of certifying that the sanctioned parties aren’t continuing in those activities, that history would essentially prevent any financial institution or individual from being granted sanctions relief.

This bill passed the House Foreign Affairs Committee unanimously, and has 62 Republican cosponsors in the House.


Media:

Summary by Eric Revell
(Photo Credit: Flickr user froderik)

AKA

Iran Terror Finance Transparency Act

Official Title

To enhance congressional oversight over the administration of sanctions against certain Iranian terrorism financiers, and for other purposes.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed February 2nd, 2016
    Roll Call Vote 246 Yea / 181 Nay
      house Committees
      Committee on Financial Services
      Committee on Foreign Affairs
    IntroducedOctober 1st, 2015

Log in or create an account to see how your Reps voted!
    No sanctions should be removed until human rights are improved in Iran, but if they have be removed, of course we should make them follow through completely.
    Like (19)
    Follow
    Share
    Already covered in the actual treaty. Can anyone actually read?
    Like (20)
    Follow
    Share
    "Now that Iran’s actions have been verified, it can begin to receive relief from certain nuclear sanctions and gain access to its own money that had been frozen. And perhaps most important of all, we’ve achieved this historic progress through diplomacy, without resorting to another war in the Middle East." [whitehouse.gov]
    Like (28)
    Follow
    Share
    We are not giving Iran money. We are not giving Iran money. No part of this deal involves us giving Iran money. That said, the deal allows Iran to partake in international trade, which would benefit many of the nation's aims. Which is why people say we're giving them billions, but allowing someone to open a shop is not the same as financing their shop. I know that's not exactly what's being dealt with in this bill, but I really can't stand this misconception. More importantly, provisions against terrorist financing are already in the actual deal. This is duplicative and serves only to derail what is a hugely important in avoiding nuclear proliferation in the Middle East. And even if this hasn't already been dealt with, nuclear proliferation is a thousand times more important than terrorism. Vote for this bill and you vote for WWIII.
    Like (19)
    Follow
    Share
    How many end runs is congress going to try and make around this treaty. The other option is war, which is always an option. So let's explore an option that doesn't draw us into another Middle East conflict before beating the War drum again.
    Like (17)
    Follow
    Share
    Iran can not be trusted nor can our President be trusted. All sanctions should be kept in force!
    Like (11)
    Follow
    Share
    Are you completely committed to eternal war in the Middle East? If not, stop this idiocy. We can always go to war. There is no need for an excuse. The last time we got talked into going to war for a flaky reason, we found/find ourselves still at war 15 years later. I know you hate the president but must you sell out the American people at every turn just to prove it? I am done with attempts to solve the world's problems while filling the pockets of arms manufacturers. You guys keep saying we can't afford decent education for our children, or Social security for our seniors, or decent, safe infrastructure, and you keep beating the drum of fear. For all your austerity blather, you keep giving a greater & greater percentage of the GNP to the defense budget. And you still refuse to be certain that veterans get promised benefits and balk at providing healthcare to 9/11 first responders. Frankly, bills like this make me more afraid of Congress than any immigrant or refugee. Your collective inaction combined with your vitriol are destroying the US. A Trump presidency should really make you happy. If you think having a black guy in the WH is a problem, wait. It can get worse!
    Like (9)
    Follow
    Share
    Another blatant GOP attempt to undermine the Iran deal in the hopes of another war to make more money for their owners.
    Like (7)
    Follow
    Share
    A terrible deal overall. I have never met an average citizen who thinks this deal is a good idea or approves in any way. Anything to slow or stop the deal should be tried. What is the US getting from this deal? Nothing.
    Like (5)
    Follow
    Share
    Iran has been keeping with the terms so far. Sanctions are set in place if they don't. Let's wait to see what happens before making a preemptive strike
    Like (5)
    Follow
    Share
    What's good about a deal that isn't a deal? President Reagan said trust but verify. Just as you can identify a tree by its fruit, so you can identify people by their actions. Matthew 7:20
    Like (4)
    Follow
    Share
    Sounds like another waste of time bill proposed by congressional reps that relish more in the strength of their opposition than they do in the special privledge it is to be able to pass laws and govern in the United States
    Like (4)
    Follow
    Share
    The best way to entice Iran into compliance is with economic carrots, not economic & military sticks. Help them prosper and they'll trend toward peace.
    Like (4)
    Follow
    Share
    this legislation does not prevent nuclear proliferation. it only encourages it by undermining the president and the government of Iran. Only through courting the proper channels of power in global government can a respectable compromise be made. We must not act hastily with regards to the security of the world in regards of nuclear energy but at the same time must regard the perception and sentiment of the peoples of the world. both politically and economically.
    Like (3)
    Follow
    Share
    Reinstating sanctions means Iran reinstating its nuclear program. If we don't hold up to our side of the deal, neither will they. This is a cheap attempt to undermine the president.
    Like (2)
    Follow
    Share
    This is another international treaty. Republicans sour grapes about Obama should not threaten this treaty.
    Like (2)
    Follow
    Share
    We need to stop to be the policeman of the world. God knows we have more problems at home that needs our attention. Furthermore, the so called Iran money is their in the first place that we sanctioned.
    Like (2)
    Follow
    Share
    This is common sense. The Iran nuclear deal is essentially us surrendering to Iran. It accomplishes nothing. The economic rationale that Iran plans to use the nuclear power to generate electricity is very weak. Iran is rich in hydrocarbons and natural gas. There are plenty of cheaper alternatives for electricity. Secondly, the current inspection system is flawed. To my understanding of the deal, Iran has 24 days to delay any inspections. It is rather obvious why they would require that as a part of the deal. If they have nothing to hide, there would be no need to negotiate in anything similar to that. On top of all of this, we are paying them billions of dollars that our own president can't even guarantee will not get into the hands of terrorists? With this deal, we turn our backs to our allies and potentially fund terrorists while only putting a small holt to Iran's quest for a nuclear weapon. This would be the worst decision President Obama has made since he took office.
    Like (2)
    Follow
    Share
    Deal is done. Congress should support president with international relations.
    Like (2)
    Follow
    Share
    By assuming Iran is a violent nation that needs to be monitored makes the US an enemy to them. If we continue trying to control their actions and involvement in the global sphere we hurt our chances of being allies, if that's even truly possible.
    Like (2)
    Follow
    Share
    MORE