Walorski Votes to Shed Light on Iranian Regime’s Finances

Thursday, December 14, 2017

Walorski Votes to Shed Light on Iranian Regime’s Finances

House Passes Bills to Boost Transparency of Regime Leaders’ Assets, Oversight of Aircraft Sales to Iran

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) this week voted for two bills to shed greater light on the Iranian regime’s finances amid its continued support for terrorism.

“Iran continues to be the world’s leading state sponsor of terrorism,” Congresswoman Walorski said. “The House has passed several bills this year to strengthen sanctions on the regime and crack down on the Hezbollah terrorists it supports. Now we are taking action to shed light on the regime’s finances, hold its leaders accountable, and counter Iran’s dangerous and destabilizing activities.”

BACKGROUND

H.R. 1638, the Iranian Leadership Asset Transparency Act, would require the Department of the Treasury to report to Congress on the total assets of Iran’s senior political, religious, and military leaders, including the probable sources of these assets and how they are used. The increased transparency would aid efforts to stop money laundering and terror financing. H.R. 1638 passed the House on Wednesday by a vote of 289 to 135.

H.R. 4324, the Strengthening Oversight of Iran’s Access to Finance Act, would require the Treasury to report to Congress on financial transactions related to the sale of commercial passenger aircraft to Iran. The 2014 nuclear agreement with Iran lifted a decades-old ban on these sales. The Treasury would have to certify the transactions would not benefit Iranians involved with developing weapons of mass destruction, supporting terrorism, or contributing to human rights abuses in Syria. H.R. 4324 passed the House on Thursday by a vote of 252 to 167.

In October, the House passed several pieces of legislation to strengthen sanctions over Iran’s illicit missile development program and support for terrorism.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

###

STAY CONNECTED

tw-img

 


Get News & Updates