Ed Royce: “I think the Secretary was awarded several Pinocchios from The Washington Post for that statement on the amount of…”

“I think the Secretary was awarded several Pinocchios from The Washington Post for that statement on the amount of support that would give the Iranian Revolutionary Guard Corps. The reason why is because the Iranian Revolutionary Guard Corps, in fact, owns many of the largest institutions. They were nationalized after the 1979 revolution. Because of this, they are beneficiaries of the economic activity. It is the number one economic actor, according to our Department of Commerce, according to our State Department. The IRGC is the number one economic actor. So, in point of fact, yes, this deal is going to demonstrably benefit the Iranian Revolutionary Guard Corps at a time when they are in charge of this ballistic missile program, intercontinental ballistic missile program, which you see them developing and advancing as we speak. I would just add one other point, and that is that there isn't a lot of debate here in terms of what message they are sending us when they go to the streets and, under the direction of the ayatollah, members of the IRGC chant ``Death to America.'' I yield 3 minutes to the gentleman from Arizona (Mr. Schweikert), a member of the Committee on Financial Services and of the Task Force to Investigate Terrorism Financing.”