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Task Force to Examine Iran Nuclear Deal and Its Impact on Financing Terrorism

Washington, Jul 21 -

The Financial Services Committee’s Task Force to Investigate Terrorism Financing will hold a hearing on Wednesday, July 22 at 4:15 p.m. entitled “The Iran Nuclear Deal and Its Impact on Terrorism Financing.”  The hearing will take place in 2128 Rayburn House Office Building.

The task force was established earlier this year, Financial Services Committee Chairman Jeb Hensarling (R-TX) said, to “thoroughly examine and evaluate any need to upgrade and improve our nation’s ability to starve the terrorists of the financial resources they need to carry out their evil attacks.”

Reps. Michael Fitzpatrick (R-PA) and Robert Pittenger (R-NC) serve as the Task Force’s chairman and vice chairman, respectively, and Rep. Stephen Lynch (D-MA) serves as the Ranking Member.

Task Force Chairman Fitzpatrick commented on the Iran nuclear deal and the hearing:

“As the chair of the bipartisan Task Force to Investigate Terrorism Financing I’ve heard foreign policy experts and others testify about the danger of this new influx of cash finding its way to terrorist organizations threatening Iran’s neighboring states and those planning strikes in the United States. The Iranian regime has demonstrated a lack of concern about its own people, leaving little doubt the estimated $150 billion in funds currently held abroad will allow the Iranian economy to fully recover – not to the benefit of its oppressed citizens – but to the advantage of the next generation of terror syndicates…I will lead our task force in a hearing specifically on Iran’s role in financing terrorist groups around the world. This information is vital to the administration, Congress, and American people when reviewing any nuclear agreement with Iran that includes sanctions relief.”

For more information about Wednesday’s hearing, including a background memo and a list of witnesses, click here.