The House passed a bill requiring the Department of Treasury to disclose the assets of Iran’s top political and military leaders in a 282-143 vote Wednesday.
The Iranian Leadership Asset Transparency Act, spearheaded by Republican Rep. Bruce Poliquin of Maine, would force the agency to provide a report to Congress assets under control, how they were acquired and how they are being spent.
Proponents of the measure said it ensures businesses and financial institutions don’t inadvertently fund terrorism or become involved in money laundering.
Republicans have repeatedly expressed concerns over the Iran nuclear agreement, arguing it will further destabilize the region and finance acts of terror.
Despite the bill passing in a bipartisan manner, a number of Democrats and the White House slammed the measure for its attempt to undermine the Iran deal.
The president threatened to veto the legislation, noting the administration will oppose any legislation that could interfere with the Iran deal. |