Budd Votes To Disrupt And Expose the Iranian Terror Networks

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Washington, December 13, 2017 | comments
Disrupt And Expose the Iranian Terror Networks
Congressman Budd voted for Iranian Leadership Asset Transparency Act to publicize the assets associated with Iran’s government and military leadership

 
WASHINGTON -- US Representative Ted Budd (R-NC) voted to pass H.R. 1638, the Iranian Leadership Asset Transparency Act. The bill will bring transparency to those profiting at the top of the corrupt Iranian regime by helping to shine a light on their illicit activities. It does this by requiring the Treasury Department to provide a report to Congress on the financial assets of senior Iranian officials involved in corruption. It would show the Iranian people as well how their government truly operates. See below for full remarks.
 
“It’s not uncommon these days to see Iranian fingerprints all over the instability and unrest that plagues the Middle East. In order to shed light on Iranian terror activities and let the Iranian people know how their leaders actually operate, we must expose the financial assets of the senior Iranian officials involved in corruption and illicit finance. This legislation aims to take the necessary steps toward disrupting the Iranian terror network.”
 
This bill passed the House Financial Services Committee with bipartisan support on November 14, 2017 by a vote of 43-16.  
 
Congressman Ted Budd (R-NC) delivered the following remarks marks on the house floor speaking in favor of H.R. 1638 Iranian Leadership Asset Transparency Act:
 

“Thank you, Mr. Speaker.

I rise today in support of Mr. Poliquin’s bill, the Iranian Leadership Asset Transparency Act, and I thank him for his leadership on this issue.

It’s not uncommon these days to see Iranian fingerprints all over the instability and unrest that plagues the Middle East. That’s why our own State Department classifies Iran as a country of “primary concern” for money laundering and international terror financing.

And just this weekend, Mr. Speaker, we saw their handiwork yet again. This time it was Lebanon, where the now largely Iranian-backed, Hezbollah influenced government called for economic sanctions on the United States. Why? Simply for recognizing Jerusalem as the capital of Israel.

A few at the top in this corrupt Iranian regime are flush with cash, supporting illicit causes and terror in the Middle East, all this while the average Iranian gets by on an average salary of just $15,000 a year.

Accountability for those profiting at the top at the expense of those suffering at the bottom, is long overdue.

Luckily, Mr. Poliquin’s bill helps us achieve this goal, by requiring the Treasury Department to provide a report to Congress on the financial assets of these senior Iranian officials involved in corruption and illicit finance. Also, if enacted, this bill will shed light on Iranian terror activities and let the Iranian people know how their leaders actually operate.

And this is a key aspect of the bill, since most news in Iran is disseminated through government controlled outlets. True information for those in the country can be hard to come by.  

The bottom line is this.

This is an important piece of legislation that I believe will help disrupt the Iranian terror network, and I urge all my Democrat colleagues to support this measure. Let’s send a message to the regime that this body, the People’s House, is united on this front. And let’s send a message to the Iranian people, that we are with them as well.

I want to once again thank Mr. Poliquin for his leadership on this issue and I urge adoption of his legislation. I yield back.

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