Press Releases

Congressman French Hill (AR-02) issued the following statement after supporting two pieces of legislation to provide stronger oversight over Iran’s financial transactions in an effort to stop Iran’s sponsorship of terrorism:

“I am pleased that, as a member of the House Financial Services Committee, I have the opportunity work on legislation that has a direct effect on the safety and protection of Arkansas and American families. This rogue regime poses one of the greatest threats to our nation and allies. These two bills help stop the flow of funds to Iran - known as the foremost sponsor of terrorism and a habitual money launderer. We will continue to assess how we can change laws to block money used to finance terrorism. Through the Iranian Leadership Asset Transparency Act, we also expand awareness of the corruption of the Iranian Mullahs and Military.”

Click here to watch Rep. Hill’s floor speech in support of H.R. 4324.

Background:

The Iranian Leadership Asset Transparency Act, H.R. 1638, requires the Secretary of the Department of Treasury to publically maintain a list estimating the “funds and assets” of senior Iranian political and military leaders, along with a description of how they acquired the assets and how those assets are employed.

The Strengthening Oversight of Iran’s Access to Finance Act, H.R. 4324, requires the Treasury Secretary to submit a report to Congress regarding financial transactions authorized in connection with commercial passenger aircrafts sales to Iran.