Chairman Nunes Introduces Iran Terrorism Bill
IRGC Sanctions Act would target financing for Iran’s Revolutionary Guards
House Permanent Select Committee on Intelligence Chairman Devin Nunes (CA-22) today introduced a bill in the House of Representatives to crack down on international funding of Iran’s Islamic Revolutionary Guard Corps (IRGC).
The IRGC is a sprawling branch of the Iranian military responsible for numerous terrorist attacks throughout the world, including its provision of weapons and other support for Iraqi terrorists who killed U.S. soldiers. The organization also controls wide swathes of the Iranian economy, using income from its business interests to fund its terrorist activities.
As a result of President Obama’s nuclear agreement with Iran, an array of institutions controlled by the IRGC will be removed from the Treasury Department’s list of Specially Designated Nationalities. This action will allow IRGC-affiliated banks and companies to increase their international business activities, creating a new flow of funds for Iran’s primary terror apparatus.
Co-sponsored by eighteen Members of Congress, the IRGC Sanctions Act will ban any U.S. person from engaging in financial transactions with IRGC-affiliated companies. Additionally, the bill will:
“The IRGC is one of the primary supporters of international terrorism in the world,” said Chairman Nunes. “Its tentacles reach throughout the Iranian economy and into international commerce. In light of the relief provided to the IRGC in President Obama’s nuclear agreement, Congress needs to ensure that this dangerous organization cannot attain new financial means to expand its power and threaten the American people and our servicemen and women.”