Brandon Williams: “It is truly a privilege to speak in support of my bill, H.R. 4324, the Strengthening Oversight of Iran's Access to…”

“It is truly a privilege to speak in support of my bill, H.R. 4324, the Strengthening Oversight of Iran's Access to Finance Act. Mr. Speaker, H.R. 4324 will improve congressional oversight of any financing that Treasury authorizes for aircraft sales to Iran. Every 6 months, Treasury would need to certify to us that finance authorizations would not benefit an Iranian person who is transporting items for the proliferation of weapons of mass destruction nor providing transportation for sanctioned entities. Treasury would also have to certify to us that those authorizations don't pose a significant money laundering or terrorism finance risk to the U.S. financial system, and that any banks engaging in this business have appropriate due diligence procedures in place. If the Treasury Department cannot make this certification, the Department must tell us why, and it must explain to Congress the course of action it intends to take. I note that my bill was reported out of the Financial Services Committee last month by a vote of 38-21, with five of my Democratic colleagues voting in its favor. {time} 1745 Many of my colleagues on the other side of the aisle will label this bill as a simple attempt to dismantle the Obama administration's Iran nuclear deal. We have already heard it. Mr. Speaker, this debate is not about U.S. commitments under the Joint Comprehensive Plan of Action, or JCPOA. It is not about reimposing nuclear sanctions.…”