Woodall backs congressional oversight of sanctions against terrorism financiers
U.S. Rep. Rob Woodall, R-Ga., was among 246 representatives who voted to increase congressional oversight over the lifting of sanctions related to Iran and terrorist groups on Tuesday.
If it becomes law, the Iran Terror Finance Transparency Act would block President Obama from lifting sanctions against a person or bank until the government has confirmed they have not provided financial support to terrorist groups, the Islamic Revolutionary Guard Corps or Iran’s ballistic missile or conventional weapons programs.
The president would also be blocked from removing a “Jurisdiction of Primary Money Laundering Concern” designation from Iran until his administration can certify that the country’s government is not sponsoring terrorists. Meanwhile, Congress would get more information on the Treasury Department’s licensing of U.S. companies that do business in Iran.
“From the beginning, U.S. sanctions placed on the Iranian government served the necessary purpose of disrupting its state-sponsored support of terrorism,” Woodall said in a statement. “Following President Obama’s nuclear agreement offering relief from these very sanctions, it is crucial that we be absolutely certain no institution or individual involved in the sponsorship of terrorism is benefiting from this action.”