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GOP-led panel passes bill for oversight of Iran nuclear deal

1 year 2 weeks 3 days ago January 07, 2016 Jan 7, 2016 Thursday, January 07 2016 January 07, 2016 10:57 AM in News
Source: Associated Press
By: Richard Lardner

WASHINGTON - The GOP-led House Foreign Affairs Committee has approved legislation that would give Congress greater oversight of the landmark nuclear deal with Iran.

Passage of the bill comes with the United States poised to begin lifting sanctions against Iran as Tehran fulfills its obligations under the July 14 agreement.

The Iran Terror Finance Transparency Act would subject an important part of the deal to expanded scrutiny on Capitol Hill.

The bill would bar the removal of certain individuals and foreign financial institutions on a restricted list kept by the Treasury Department until the president certified to Congress that they weren't involved in Iran's ballistic missiles program or terrorist activities.

Republicans opposed to the nuclear agreement have say sanctions relief will leave Iran flush with cash to fund terrorism.

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