There are new fears in Congress that President Obama may give Iran more sanctions relief.
House Foreign Affairs Committee chairman Ed Royce (R-Calif.) expressed concern in a letter that Obama could give Iranian businesses the ability to conduct transactions in dollars in the U.S. or through offshore banks, according to Times of Israel.
Royce and House Majority Leader Kevin McCarthy are concerned pledges made by the administration last summer, to sell the deal to other countries, would be broken.
Iran has claimed their objectives are not being fulfilled under the nuclear deal reached in July with world powers, as reported by TRUNEWS. They claim that they have kept their end of the deal by taking centrifuges offline and disabling facilities.
A Treasury Department official told Congress after the deal that Iran would still be denied access to the world’s largest financial and commercial market. But when asked by the AP about a move by the Obama Administration to allow transactions, they wouldn’t comment, saying only that they would continue to “analyze the sanctions lifting and its effects”.
State Department officials would not comment.
Last year a Treasury Department spokesperson told a House panel Iran would not be able to open an account in a U.S. bank even to “dollarize” a foreign payment. But when asked recently, Treasury Secretary Jack Lew wanted to make sure “Iran gets relief”.
Iran sanctions expert Mark Dubowitz with the Foundation for Defense of Democracies said the effects of Tehran getting access the U.S. market would be devastating.
There are also concerns over Iran’s human rights record and whether the Obama Administration is ignoring human rights abuses in Iran. There was also a pledge to try and halt Iranian efforts in the region, but the administration has embraced Iran’s role in the peace talks in Syria and has not had a stern reaction to Iran’s testing of ballistic missiles.
The post Congress fears Obama may allow Iran’s access to U.S. banks appeared first on TRUNEWS with Rick Wiles.
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