Wendy Sherman: “The last amendment dealt with the actual sale of the planes. The Iran nuclear deal, the JCPOA, does provide that we…”

“The last amendment dealt with the actual sale of the planes. The Iran nuclear deal, the JCPOA, does provide that we should license those planes if we are sure they are going to be used for civilian purposes. So there is, at least, some argument about what Iran is supposed to get under the JCPOA. This amendment deals with whether we finance airplanes, whether they are made by Boeing or Airbus or anybody else, and exactly what we are going to let our banks finance. This amendment has nothing to do with the JCPOA, the Iran nuclear deal. Nothing in that agreement promises, hints, or even discusses the possibility that we would go so far as to lend money to one of the state sponsors of terrorism. I know there is concern: Do we want to boycott everybody in the world? There are only three countries that are state sponsors of terrorism, and two of them--Syrian and Sudan--no bank would lend money to. So this is one country that we have to deal with that is a state sponsor of terrorism that might borrow money. Why shouldn't we allow it? First, because we shouldn't allow our banks to endanger their depositors' money with loans to Iran. Second, because we don't want major banks lobbying this Congress and saying: ``Oh, my God, you have got to be nice to the Iranians or we won't get paid back and we might fail and then you will have to bail us out.'' We don't need Wall Street to become a lobbyist for Iran.…”