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Congress to Make It More Difficult to Do Business With Iran

Image: Congress to Make It More Difficult to Do Business With Iran

Rep. Ileana Ros-Lehtinen, R-Fla. (AP Photo/Bill Clark)

By    |   Thursday, 08 Dec 2016 02:35 PM

Lawmakers will crack down on companies doing business with Iran, a leading House Republican warned, according to The Weekly Standard.

"You can be sure that in the next Congress we will place an increasingly high importance on scrutinizing those that seek to do business with Iran," Rep. Ileana Ros-Lehtinen R-Fla, said. "Our message is not going to be, 'Iran is open for business.' It's going to be, 'be careful if you do business with Iran.'"

Her comments came as President Barack Obama's administration has tried to persuade companies to engage with Iran, according to the magazine.

But Ros-Lehtinen warned the news Congress will do everything it can to makes things more difficult for companies.

"You better be sure that your counter-party in that deal is not a Revolutionary Guard entity — and if they are, and we discover they are, then we will use the full force of U.S. financial sanctions as well as prosecutorial authority under [the Department of Justice] to go after companies doing business with what will be a terrorist organization," she said.

The Senate unanimously passed legislation last week that would extend sanctions on Iran for 10 years, The Washington Examiner noted.

The sanctions target investments in Iran's energy sector and are designed to prevent Tehran from developing nuclear weapons, according to the website.

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Lawmakers will crack down on companies doing business with Iran, a leading House Republican warned, according to The Weekly Standard.
congress, companies, business, sanctions
217
2016-35-08
Thursday, 08 Dec 2016 02:35 PM
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