No Funds for Iranian Terrorism Act

Floor Speech

BREAK IN TRANSCRIPT

Mr. LaMALFA. Madam Chair, this is a preemptive effort. Why fight so hard? If a single penny has not been cut loose yet, good. That means we are taking action here that is going to prevent that. Had the Biden administration not cut loose the $6 billion in frozen assets to begin with, we wouldn't have to do this.

Why do we have a nonsensical effort to allow Iran to have the option? That is why we need to head this off at the pass with H.R. 5961, the No Funds for Iranian Terrorism Act.

We saw a sophisticated attack launched in Gaza by Hamas, and we are continuing this process to allow Iran to be the biggest state sponsor of terror in the world. We need to head it off at the pass, as I said.

It is ridiculous that we have to fight so hard to have this preemptive effort. I just don't understand it. I don't understand a lot of things coming out of the Middle East with the pro-Palestinian efforts all over this country and all over the world when Israel is simply a country that seeks peace.

Yes, we got five wrongfully detained American hostages in exchange for these frozen assets, but the President must impose sanctions on the foreign financial institutions involved in processing the transfer of these funds. Head it off at the pass. Don't allow it to happen. Why would we be in the business of helping Iran to destroy Israel?

BREAK IN TRANSCRIPT

Source