Latest News

Congress Moves to Block Taxpayer Dollars from Funding Iran-Boeing Deal

Jul 13, 2016 | News

Lawmakers in both chambers of Congress are pushing for legislation that would prevent a multi-billion dollar deal between Boeing and Iran Air from being funded with taxpayer dollars. The Republican-led proposal is getting Democratic support.

Florida Senator Marco Rubio proposed legislation Thursday that would eliminate the possibility that Iran, or any entity associated with it, would benefit indirectly or directly from Ex-Im money. The bill is a companion to Illinois GOP congressman Peter Roskam’s “No Ex-Im Financing for Iran Act”, which was introduced in the House last week.
“Since President Obama’s Iran deal was enacted, the Iranian regime has done nothing to modify its provocative, anti-American behavior. Major Western companies, including Airbus and Boeing, have already struck deals to sell to Iran that can be used to further Iran’s promotion of terrorism,” Rubio said in a statement. “Taxpayer dollars should not be used to fund Iran’s purchase of new aircraft which it will use to ship weapons and troops to brutal regimes and terrorist groups.”

Rubio has spoken out against the Obama administration’s efforts at financial integration with Iran before. When the administration showed signs of reneging on a promise not to give Iran access to the U.S. financial system in March, he and fellow Republican senator Mark Kirk of Illinois urged the Treasury Department to block Iran’s access to the dollar.

Keep reading here.