On the recordJuly 7, 2016
This amendment has the same purpose as the amendment we just debated, that is, to undermine the Iran agreement and penalize American manufacturing companies. We have already gone over this, but it is worth repeating. The JCPOA closed the four pathways through which Iran could get to a nuclear weapon in less than a year. We do not gain anything by putting limitations on the United States' ability to engage or monitor Iran's compliance with the agreement. My objection to this amendment is the same objection I had to the last amendment: I see no need to proactively cut off domestic industry's access to a large market and, at the same time, undermine the commitment under the agreement regarding the exportation of commercial passenger aircraft and related parts and services to Iran. The financial mechanism for any transaction regarding U.S.- manufactured commercial aircraft has not yet been determined. Once the contracts are completed, Iran Air will decide how it wants to finance its purchases. Like the discussion on the gentleman's last amendment, all payment matters will be done in full compliance with U.S. sanctions. I understand that there is concern amongst some that the financing of any arrangement would be done through the Export-Import Bank of the United States. I would just note here that the Export-Import Bank of the U.S. is prohibited from providing financing to any Iranian airline.…
Source
govinfo.gov




