Political Quotes

“I present this amendment on behalf of Mr. DeSantis of Florida. Section 401 of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 requires the Secretary of the Treasury to prescribe regulations to prohibit, or impose strict conditions on, the opening or maintaining in the United States of a correspondent account or payable-through account by a foreign financial institution that the Secretary finds knowingly engages in Iran's illicit activities. {time} 1915 Under section 401(f), the Secretary of the Treasury may waive these prohibitions or conditions if the Secretary determines that such a waiver is necessary to the national interest of the United States, and submits to the appropriate congressional committees a report describing the reasons for the determination. However, as noted in a recent Congressional Research Service report, section 401 was not waived to implement the Joint Comprehensive Plan of Action, while many entities with which transactions would have triggered sanctions under section 401 were delisted in accordance with the deal. This delisting is unacceptable, given that the U.S. Department of the Treasury claims to be more than aware of the ``concerns that remain'' regarding Iran, ``such as transparency issues, corruption, and regulatory obstacles,'' as reported in a recent Free Beacon article. Given that the U.S.…”