April 20, 2016 | Quoted by Jennifer Rubin - The Washington Post
Backlash grows over Obama’s Iran concession
The Obama administration’s hint that it was considering allowing Iran to access directly or indirectly U.S. dollars drew furious, negative reaction from both sides of the aisle. On Monday, Speaker Paul Ryan (R-Wis.) denounced the effort and called for the administration to reaffirm definitively its explicit promise that barriers to Iran’s accessing dollars would remain in place. “Our concern is that there are at least four workarounds to provide Iran with access to the dollar, including dollar-denominated transactions, dollar-clearing, dollar-based conversions, and dollar-related foreign currency transactions,” he said. “Here’s the bottom line: The administration should definitively rule out any potential workaround that provides Iran — directly or indirectly — with access to the dollar or the U.S. financial system.”
“The Royce bill is a shot across the bow of the administration to make it clear powerful members of Congress will not stand for another unilateral concession to the Iranian regime,” sanctions guru and executive director of the Foundation for Defense of Democracies Mark Dubowitz tells Right Turn. “But it has an even more important target in the global financial sector with an even more important message: ‘If you dollarize Iranian transactions, you will find yourself on the wrong side of an enforcement or legal action. The Obama administration may protect you now but they’re gone in nine short months.'”
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