Patrick McHenryChairman

Washington, September 30, 2016 -

WASHINGTON -- Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on reports of the Obama Administration’s secret agreement to lift international sanctions on Iranian banks:

“Every week brings more troubling revelations of secret deals between the Obama Administration and the world’s foremost state sponsor of terrorism.  Making massive cash payments to Iran, agreeing to lift sanctions on the banks that fund Iran’s missile program, and concealing these facts from Congress and the American people are indescribably reckless.  No American thinks it is a good idea for Tehran to have ballistic missiles, yet President Obama’s secret agreement has greenlighted the very financial institutions that bankroll Iranian missiles that threaten American troops in the Middle East, not to mention our Israeli and European allies.  This makes the world an even more dangerous place.  President Obama needs to come forward and provide a full explanation.  As Chairman of the House Financial Services Committee, I call on the Obama Administration to provide all the details about this secret agreement.”

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