May 13, 2021

Banking Committee Republicans Urge President Biden to Withhold Sanctions Relief From Iran

Washington, D.C. – U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) and a number of Banking Committee Republicans joined Senator Marco Rubio (R-Fl.) in urging President Joe Biden to stand with Israel by refusing to offer sanctions relief to Iran, the world’s leading state sponsor of terrorism.

“Over the past couple days, Palestinian terrorists in Gaza, who are funded by Iran, have launched a series of rocket attacks into Israel,” the senators wrote. “This is troubling as members of your administration are currently in Vienna negotiating with Iran, the world’s leading state sponsor of terrorism. In light of these recent attacks by Hamas against Israel, the United States should take all steps necessary to hold Tehran accountable and under no circumstances, provide sanctions relief to Iran.”

As the senators point out, in the midst of these rocket attacks, Iran’s Supreme Leader Ayatollah Ali Khamenei urged Palestinians to “use the tools of their disposal” to attack Israel, which he called a “terrorist garrison.”

“The United States engaging in active negotiations with Iran and potentially providing billions of dollars in sanctions relief will no doubt contribute to Iran’s support of Hamas and other terrorist organizations who attack Americans and our allies,” the senators continued. “We call on you to immediately end negotiations with Iran, and make clear that sanctions relief will not be provided.”

Senate Banking Committee Republicans joining Senators Rubio and Toomey include Senators Mike Crapo (R-Idaho), Tim Scott (R-S.C.), Mike Rounds (R-S.D.), Thom Tillis (R-N.C.), John Kennedy (R-La.), Bill Hagerty (R-Tenn.), Cynthia Lummis (R-Wyo.), Kevin Cramer (R-N.D.), and Steve Daines (R-Mont.).

To read the full letter, click here.