King votes YES on Iran Terror Finance Transparency Act

Washington, D.C. – Congressman Steve King released the following statement after voting yes on H.R. 3662, the Iran Terror Finance Transparency Act:

“For more than two decades, Congress has developed and passed strong economic sanctions against Iran in response to Iran’s nuclear program, development of ballistic missiles and support for terrorism,” said King. “President Obama has destroyed the Rule of Law by usurping this power from Congress and taking it upon himself to negotiate the Iran Nuclear deal without the oversight or consent of Congress. Now, Congress must work to restore its Article I Constitutional authority and the balance of power by holding the President accountable.

In light of the Iran Nuclear Deal, the Iran Terror Finance Transparency Act, would constrain the President from unilaterally removing sanctions on foreign financial institutions, Iranian individuals and entities with terrorist ties. This bill gives Congress the authority to protect our allies including Israel by ensuring that Hezbollah, Hamas and the Palestinian Islamic Jihad are designated as terrorist organizations. It will also help prevent the estimated $150 billion in funds and assets from the Iran Nuclear Deal from funding terrorists.

For these reasons, I voted YES on the Iran Terror Finance Transparency Act, fulfilling the promise I have made to my constituents to restore Article I Constitutional authority to the United States Congress.”