Political Quotes

“Mr. Chair, I rise in opposition to this amendment. The Treasury Department has identified significant technical concerns with this amendment. Specifically, the agency has concerns about how the amendment's construction would impact general licenses authorized by the Office of Foreign Assets Control. I strongly agree with the need to enforce the sanctions included in Executive Order No. 13902 with respect to any person determined to operate in the construction, mining, manufacturing, or textile sectors of the Iranian economy. However, some terms like ``Islamic Republic of Iran'' and ``for, or on behalf of'' are vague and would create confusion as to how they would relate to existing authorizations. Treasury believes this phrasing could cause unintended consequences outside of the intended scope. Mr. Chair, for these reasons, I oppose the amendment and recommend a ``no'' vote, and I yield back the balance of my time. {time} 1645 The Acting CHAIR. The question is on the amendment offered by the gentleman from Michigan (Mr. Huizenga). The amendment was agreed to. Amendment No. 68 Offered by Mr. Luetkemeyer The Acting CHAIR. It is now in order to consider amendment No. 68 printed in part B of House Report 118-269.”