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Iran Counter-Proliferation Act of 2007

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Date:
Location: Washington, DC


IRAN COUNTER-PROLIFERATION ACT OF 2007 -- (House of Representatives - September 25, 2007)

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Mr. BACA. Mr. Speaker, I rise today in support of H.R. 1400, the Iran Counter-Proliferation Act of 2007.

With this bill, the United States will have the tools to persuade Iran's Government to abandon its pursuit of nuclear weapons.

We are sending a strong message to the world. We will not tolerate violations of the Genocide Convention. This bill calls for Iranian President Mahmoud Ahmadinejad to be brought before the International Court of Justice for his repeated calls for the destruction of Israel.

We will continue to use diplomatic methods to stand tough and protect our allies abroad. This bill ends all Iranian imports to the United States and restricts U.S. exports to Iran to strictly food and medicine.

I also believe economic pressure is an effective deterrence. This bill prevents U.S. subsidiaries of foreign oil companies that are sanctioned for investing in Iran's oil sector from receiving U.S. tax benefits for oil and gas exploration.

Iran will not violate rules and go unnoticed. This bill also encourages the administration to prohibit all Iranian state-owned banks from using the U.S. banking system.

I urge my colleagues to support this bill.

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