OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Iran Shouldn't Have Access to the Dollar

Statement

Date: July 14, 2016
Location: Washington, DC
Issues: Finance and Banking Foreign Affairs

House Majority Leader Kevin McCarthy (CA-23) released the following statement on House passage of H.R. 4992, the United States Financial System Protection Act:

"Granting Iran access to the dollar is more than symbolic--it would allow Iran to conduct large business transactions in multiple continents and give them access to the world's largest financial and commercial market. Iran remains completely unreformed. It remains a significant threat to the U.S. and global financial system because of its smuggling activities, money laundering, and sponsorship of terrorism. Iran imprisons journalists and American citizens, and it tortures and violates the human rights of its own people. Granting Iran access to the U.S. financial system would legitimize this regime and allow it to further fund all of these appalling activities and more. That is unacceptable."


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