WASHINGTON, D.C.—Yesterday, Congressman Ted Poe (TX-02), Chairman of the House Subcommittee on Terrorism, Non-Proliferation & Trade, hailed the passage of H.R. 3693 the IRGC Terrorist Sanctions Act of 2015 out of the subcommittee.
“Iran’s Islamic Revolutionary Guard Corps (IRGC) has funded, planned and executed terrorist attacks against the United States and our allies for decades,” said Chairman Poe. “Despite this fact, the IRGC has managed to escape some of the economic repercussions of Department of Treasury sanctions because of an extremely narrow rule defining Government of Iran controlled entities. The Department of Treasury also, inexplicably, has not yet designated the IRGC for its support of terrorism. It’s time to close both of these loopholes and hold the IRGC accountable for its terrorist actions. The unanimous passage of this bill out of the House Subcommittee on Terrorism should be followed with a floor vote as soon as possible. The stakes are too high to let Iran abuse this gap in our laws any longer.”