Iran Refined Petroleum Sanctions Act Of 2009

Floor Speech

Mr. HENSARLING. I thank the gentlewoman for yielding.

Given the state of Iran's nuclear ambitions and its poor record at transparency, it continues to be clear that the United States must lead the world in pressuring Iran to give up these ambitions. There is no option.

Iran's energy sector is the backbone of its economy and provides the majority of its government's revenue. Iran's energy infrastructure is deteriorating badly. It is in need of modernization. Without this modernization, its energy sector very well may deteriorate and, along with it, consequently, its economy and possibly even its regime.

The Iran Refined Petroleum Sanctions Act gives the President an important tool to help persuade the Iranian regime to peacefully give up its nuclear ambitions. A nuclear-armed Iran is unacceptable. It could provide rogue nations and terrorists with nuclear technology. It constitutes the looming threat to the national security of the United States.

Iran's behavior not only jeopardizes the stability of the region but threatens the very existence of many of our allies in the Mideast, particularly the state of Israel.

I enthusiastically encourage all of my colleagues to support the Iran Refined Petroleum Sanctions Act.

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