THAT WE HAVE ONE IS THE SCANDAL: Obama Administration Draws Criticism Over Iran Investment Policy.
“The new guidance overturns the long-running understanding that the U.S. dollar cannot be used to facilitate international trade with any Iranian entities, let alone sanctioned entities. And by allowing foreign subsidiaries of U.S. companies to transact business with Iranian entities, the president is ignoring the clear text of a law passed by Congress,” Sen. Tom Cotton (R., Ark.) said on Sunday.
Sen. Mark Kirk of Illinois, who chairs a Senate banking committee with oversight over Iran sanctions law, said the new guidelines amounted to the White House granting Tehran new concessions.
Meanwhile, Rep. Mike Pompeo (R., Kan.) said Treasury’s changes “green-light business with terrorists. The updated FAQs remove barriers for foreigners to engage with firms the Islamic Revolutionary Guard Corps controls. From this and other appeasements, it appears the Obama administration has given up on any democratic or pro-Western future for Iran.”
We’re all state sponsors of terror now.