Congressman Flake Praises Senate Passage of Kirk-Menendez Amendment

FOR IMMEDIATE RELEASE: December 1, 2011
CONTACT: Genevieve Frye Rozansky

Congressman Flake Praises Senate Passage of Kirk-Menendez Amendment Targeting Central Bank of Iran
Flake Has Introduced Similar Legislation in the House

Washington, D.C., Dec 1 – Republican Congressman Jeff Flake, who represents Arizona’s Sixth District, today praised the passage of an amendment to the National Defense Authorization Act (S.1867) offered by Senators Mark Kirk (R-IL) and Robert Menendez (D-NJ) aimed at preventing Iran from acquiring nuclear weapons by prohibiting foreign financial institutions that do business with the Central Bank of Iran – the financier primarily responsible for facilitating Iran’s illicit activities – from opening or maintaining correspondent operations in the United States.

The International Atomic Energy Agency issued a report on November 8th that found Iran has developed technologies and conducted research to produce nuclear weapons and deliver them. In response, the United Kingdom and Canada levied economic sanctions on Iran’s Central Bank.

“Every day that Iran has access to Western capital brings them closer to making their nuclear aspirations a reality. The Kirk-Menendez amendment will severely limit funding sources for Iran’s nuclear weapons program, and is one of the few steps remaining at our disposal to stymie this dangerous threat to the U.S., Israel and the rest of the Middle East,” said Flake. 

Last week, Congressman Flake along with Congressman Mike McIntyre of North Carolina introduced H.R. 3508 which, like the Kirk-Menendez amendment, would levy economic sanctions on foreign financial institutions that conduct business with the Central Bank of Iran.

These sanctions would include a prohibition on the opening or maintenance in the U.S. of an account by a foreign institution that does business with the Central Bank of Iran and would freeze any assets in the U.S of those institutions. In an effort to avoid a dangerous spike in oil prices, transactions pertaining to petroleum would be subject to sanctions six months after the legislation takes effect. The legislation also contains a national security waiver and a provision to ensure efforts to deliver humanitarian aid to Iran are not hampered by the sanctions law.

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Comments

  1. Oh for G_d’s sake, North Korea has nukes, Pakistan who we are bombing daily has em, South Africa has them, the corrupt Russians have them. And we’re going to go to war over Iran over this?

    Why not just throw American into the trash before hand and save the effort? Because the economic is already rotted and hallowed out. We are already THREE GENERATIONS into debt. Now, you want to sell your GREAT GRANDCHILDREN into debt slavery for the government in the name of an ephemeral security threat?

    Who’s the greater threat? I think people who sell their own children into slavery for political gain are.

    • Hullo. Iran is talking destroying us, after it destroys its neighboring enemeis, which are Arab nations, plus Israel.
      Iran promises of conflagration that is panicking all the Middle East, and it’s missles can reach Europe easily. No one will be immune from it.

      So you think we can hide while EUrope, Israel and pick any three .. India, Afghanistan, Italy get hit with nukes?

      Yo can’t mess with this stuff… the cost of even one hit is too high.

      • Oh no of course wanumba, you need to preemptively strike to eliminate all risk.

        Then you have to knock off the next riskiest country.

        Then the next.

        In the meantime, put people in camps in the homeland who pose any risks there.

        Now that I think of it, the 1st, 2nd and 4th amendments pose risks to the national gouvernment’s plans, so we need to suspend those as well.

        Selectively assasinate anyone who disagrees with foreign or interior national policy.

        To accomplish all of the above, place a fourth generation, our great grandchildren, into debt and tax slavery to international bankers and foreign countries financing all of it via the bond sales and purchases.

        Of course your approach is right – in order to keep our nation strong and free.

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