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Conference Report on H.R. 2194, Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010

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Date:
Location: Washington, DC

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Mr. CANTOR. I thank the gentlelady from Florida, and I commend her leadership as well as the gentleman from California in accomplishing this momentous feat of bringing this conference report to the floor, Mr. Speaker. I rise in favor of this conference report.

Mr. Speaker, Winston Churchill famously said ``the price of greatness is responsibility.'' With each passing day, the ruling regime in Iran defiantly moves one step closer to acquiring nuclear weapons, a prospect that everyone knows would have fatal and irreparable consequences across the globe.

As the free world's unparalleled moral, economic, and military power, we have a responsibility to provide strong leadership to head off the Iranian threat. It is time to see the Iranian regime not for what we wish it was, but for how it really is.

Seventeen months of engagement has yielded us just one U.N. resolution, defanged by countries such as Russia and China. But it has yielded Tehran 18 critical months to ramp up uranium enrichment.

Today this House will vote on the most sweeping and biting set of sanctions that Iran has yet to face. By penalizing international companies and banks that enrich the Iranian regime and thus enable its nuclear program, this legislation represents our strongest hope yet to bring peaceful resolution to this crisis.

Mr. Speaker, Congress and the administration must resolve to do all we can to cut off Iran's economic lifeline.

Once this legislation moves past Congress, the ball is in the White House's court. The ability to hold international companies accountable rests with the President. I urge him to sign the bill and immediately implement these tough sanctions.

I urge my colleagues to vote ``yes'' on this conference report.

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