• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy New GOP bill would make Biden impose maximum sanctions on Iran
Economy

New GOP bill would make Biden impose maximum sanctions on Iran

by October 21, 2023
by October 21, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

A House Republican wants to leverage congressional action to make the Biden administration enforce U.S. sanctions on Iran following the devastating terror attacks by Hamas in Israel. 

Rep. Darrell Issa, R-Calif., said that the Biden administration, over the past year, has waived sanctions on Iran which facilitated roughly $50 billion to the country. 

The administration, he said, ‘has systematically underenforced oil sanctions, freed Iranian funds in Iraq, which are now in Oman,’ and notoriously waived sanctions on Sept. 11, to release $6 billion in humanitarian funds as part of a prisoner swap – a move that was heavily scrutinized following the Hamas attacks. 

Issa said his new bill, the No Funds for Iran-Backed Terror Act, will ‘fundamentally alter the direction of U.S. policy toward Iran and finally enforce America’s laws.’ 

‘This comprehensive legislation marks a necessary course correction in American policy to treat Iran not as a strategic partner, but as the enemy they are,’ he said. 

The bill would require the president to enforce existing sanctions on Iranian oil and certify to the Congress that he is doing so, and suspend waiver authority so that the Biden Administration cannot abuse escrow accounts as it did to release the $6 billion from South Korea.

Last week, Fox News Digital reported that the U.S. had made a ‘quiet agreement’ with Qatar to block Iran from accessing that $6 billion in humanitarian aid, after the White House faced mounting scrutiny for days over the deal.

This week, Issa published a joint op-ed published with former National Security Council official Richard Goldberg, calling Hamas ‘Iran’s proxy terror force’ and argued that the administration’s relentless appeasement of Iran is now exposed for the folly it is,’ following the Oct. 7 attack that has killed 1,400 Israelis and over 30 Americans.

‘By the time the administration authorized the much-discussed $6 billion from South Korea, a full-blown appeasement and enrichment effort towards Iran had been underway for months,’ they said.

Issa and Goldberg outlined how a secret trip to Oman by a White House Middle East coordinator in May signaled to Iran that ‘America will pay the Ayatollah’s price to keep Tehran from producing weapons-grade uranium.’

Later in June, Israeli media revealed that Iran would ‘stop the process of enriching uranium to high levels’ in exchange for sanctions relief.

Issa and Goldberg noted that the White House then issued a sanctions waiver to provide Iran with at least $10 billion frozen in Iraq – and allow the money to be deposited in Iranian bank accounts in Oman. The administration would later admit the U.S. ‘had already stopped enforcing oil sanctions on Iran – tacitly approving a million barrel per day increase in exports from Iran to China and generating tens of billions in annualized revenue,’ the authors allege.

The measure was introduced Thursday. Republicans in the House have still yet to come to agreement to elect a new speaker after Rep. Kevin McCarthy was voted out from the post earlier this month. 

The legislation cannot be considered until a new House speaker is elected.

Brianna Herlihy is a politics writer for Fox News Digital.

This post appeared first on FOX NEWS
You Might Also Like
  • German defense minister says country is not ready to defend itself against Russian threat
  • Trump teases DeSantis over Fox interview about Iowa results: ‘Short circuits’
  • Biden issues memorandum to protect access to abortion pills
  • Hezbollah bombards Israel with rockets, drones
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Russia says Biden’s comparison of Putin and Hamas is ‘unacceptable’: report
next post
House Republicans vote to remove Jim Jordan as speaker nominee

You may also like

HBI Stock Price: Times Get Tough for Hanesbrands Inc.

September 13, 2024

Hezbollah bombards Israel with rockets, drones

June 13, 2024

Half of Democratic voters in key early primary state don’t...

April 21, 2023

Fox News Power Rankings: Five themes emerge in the battle...

August 13, 2024

Nikki Haley to thank donors, but Trump’s last GOP rival...

May 10, 2024

Here’s why every American should be talking about politics and...

November 23, 2023

Consumer Sentiment Remained Weak in November

November 23, 2022

Top Democratic super PAC launches massive $50M ad spend for...

July 27, 2024

2024 Watch: Pence returning to Iowa for Ernst’s ‘Roast and...

May 15, 2023

Trump recommends North Carolina GOP Chair Whatley to replace McDaniel...

February 8, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,451 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Biden calls Trump immunity decision a...

    July 29, 2024

    Trump says he’ll beat indictment as...

    June 21, 2023

    President Biden mourns son Beau at...

    May 30, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here