In-Depth: Sponsoring Rep. Bill Huizenga (R-MI) introduced this bill because he was concerned that the Obama administration’s relaxation of sanctions against Iran would allow U.S. companies to make deals that end up strengthening the Iranian military.
He said that there was no way to ensure that the 80 planes purchased by Iran aren’t used by the Iranian Revolutionary Guard Corps, which has been accused of being a terrorist group:
“I’m extremely concerned that by relaxing the rules, the Obama administration has allowed U.S. companies to be complicit in weaponizing the Iranian regime.”
The Obama administration issued a policy statement through the Office of Management and Budget stating the president would veto this bill if it were passed by Congress.
The House Financial Services Committee passed this bill on a party-line, 33-21 vote. It currently has one cosponsor in the House, Rep. Brad Sherman (D-CA).