No Funds for Iranian Terrorism Act

Floor Speech

BREAK IN TRANSCRIPT

Mr. NUNN of Iowa. Mr. Chair, I begin by thanking a fellow combat veteran for leading this effort to hold the terrorist group Hamas accountable by cutting off its number one funding source, that coming from Iran. This extends to Hezbollah, it extends to the IRGC, and it extends to Houthi rebels throughout the region.

In the last week alone, we have seen attack after attack threatening American forces, including those of our friends still serving in uniform today.

The effort that I am proud to co-lead with Congressman Pfluger highlights revoking Iran's funding act, an effort that the administration has taken a first step on--without a firm plan by Congress to prevent this waiver from going forward--which has time and time again been exploited by the President of Iran.

The $20 billion that came out of the Turk Bank, the funding, illicitly, of money coming through on this side for frozen assets needs to be stopped.

Congress must act. I applaud my friend for leading this charge, and I am proud to cosponsor it going forward.

Mr. Chair, I urge the support of the entire body.

BREAK IN TRANSCRIPT

Source