Iranian Leadership Asset Transparency Act
Mr. Chairman, I appreciate the opportunity to speak on behalf of my bill, and I am grateful to you for moving this very important bipartisan bill through the House Financial Services Committee. I also want to thank my colleagues on the…
Mr. Chairman, I appreciate the opportunity to speak on behalf of my bill, and I am grateful to you for moving this very important bipartisan bill through the House Financial Services Committee.
I also want to thank my colleagues on the other side of the aisle who supported this bill last year. Unfortunately, it got stuck in the Senate, so we have got to do it again this year, but I am thrilled to be here.
Mr. Chairman, the primary responsibility of every Member of Congress, whether you are on the left side or the right side of the aisle, no matter what State you are from, what part of the country you are from, the major responsibility, the primary responsibility is to support and defend our Constitution. To me, that means protecting our families and those American citizens abroad.
Now, our moms and dads in Maine, Mr. Chairman, and across this country, are increasingly alarmed by the frequency of terrorist attacks here at home; another attempted 2 days ago in New York City. Today, Mr. Chairman, there are 1,000 investigations dealing with terrorist activities across this land in all 50 States. That is why H.R. 1638 is so important. This bill will help keep our families safe and keep them free.
In doing so, we must make sure this issue is not a political issue. National security never should be a political issue. Mr. Chairman, the Iranian Government, as Mr. Hensarling just mentioned, is the chief state sponsor of terrorism and instability in this world.
These senior political leaders and their military leaders, including the Islamic Revolutionary Guard Corps, they train, they arm, and they fund terrorist organizations around the world. They have become experts at using the internet and social media to radicalize, recruit, and direct terrorists around the globe, including here in the United States of America.
Mr. Chairman, the Iranian Government has American blood on its hands. Now, Mr. Chairman, there are approximately 70 to 80 top political and military leaders in Iran that control about one-third of their domestic economy. They use their power to corrupt the telecommunications industry, the construction industry, and other important ones in that land.
Reuters has conducted an investigation through publicly available information that found the Supreme Leader of Iran alone has accumulated tremendous personal wealth through a foundation claiming to help the poor. Now, while the corruption has grown in Iran, the average citizen there earns the equivalent of $15,000 per year.
Mr. Chairman, the citizens of Iran and the people of this world should know how much wealth has been accumulated by those that sponsor terrorism and what that money is being used for.
Companies across the globe that are looking to do business with Iran should understand what they might be getting into. So I disagree with my colleague from California, the ranking member, who says that this is going to possibly create confusion; that it will possibly cause businesses around the world to hesitate from investing in Iran.
Well, guess what, Mr. Chairman. That is a good idea.
My Iranian Leadership Asset Transparency Act is a straightforward, main, commonsense bill. It simply requires the Department of Treasury to collect, to maintain, and to post online the list of these 70 to 80 senior political and military leaders and the assets, their personal assets, how this money was acquired, and what it is being used for.
As Mr. Hensarling mentioned, it will require the Treasury Department to post this on their website in English as well as in Farsi, Arabic, and Azeri, the three languages that are mostly used in that country.
I might also add that my colleague on the other side of the aisle might be a little bit confused about this issue, but the information posted on this website will be that that is publicly available. There will be no information that should not be posted there that only Congress should have access to.
I have heard, Mr. Chairman, critics of this bill saying: Well, you know, it is not a good idea to expose the Iranian Government's corruption in funding of terrorism because, if you do so, well, the Iranian political and military leaders might not want to work with us.
Are you kidding?
These are the radicals who regularly chant ``Death to America.''
Hoping that these folks also abandon their support of terrorism by not shedding light on their corruption doesn't make any sense. Hope, Mr. Chairman, is not a national security strategy.
My bill makes sure that Congress gets its priorities straight. Protecting American families here at home and safeguarding our troops around the world who are fighting for our freedom is what we should be doing every way we can, and that is what this bill does.
Mr. Chairman, I would like to say that using one click of a computer from any corner of the globe to help expose illicit activities by the chief state sponsor of terrorism is a very, very good idea.
Let's stand up for all the peace-loving nations in the world. Let's stand up to help our families protect their kids. Let's stand up to protect our homeland. I ask everyone, Republicans and Democrats, please vote ``yes'' for H.R. 1638, the Iranian Leadership Asset Transparency Act.
Will the gentlewoman yield?
Mr. Chairman, to the gentlewoman from California and to the other side of the aisle, I do want to make sure I make a few things clear.
First of all, I am not sure if it was the gentlewoman or someone else saying: Why in the dickens would we divert resources away from fighting terrorism to post this information on the Treasury website? It costs too much.
Well, with all due respect, the CBO estimates it will cost $500,000 to do this for 2 years. The United States Treasury Department has a budget of $14 billion per year. That is number one.
Will the gentlewoman yield?
Mr. Chairman, the dangerous Iran nuclear deal that was put together a year and a half or 2 years ago has absolutely nothing to do with exposing the wealth that has cumulated through corruption by the top 70 to 80 Iranian political and military leaders and posting that for the world to see. I am sure the ranking member knows this has zero to do with the Iran nuclear deal.
Mr. Chairman, I did want to respond to the gentlewoman from California and to other folks who are on the other side of this bill.
First of all, I think it is very clear to the world that the Iranian Government has been cheating on the nuclear deal almost since day one. I think it was within months, Mr. Chairman, that they test-fired both medium-range and long-range ballistic missiles, in violation of an 8- year ban on developing those conventional weapons.
So I think it is kind of silly for us to be debating here about a government that sponsors terrorism and vows to wipe Israel off the face of the Earth and kill as many Americans as they can, as a leadership regime that is going to abide by this agreement when they have proven they are not.
Second of all, as I have mentioned several times, my bill has nothing to do with this agreement. But, then again, someone on the other side of the aisle, Mr. Chairman, also said: Well, we think American officials, American leaders, should be responsible for disclosing that.
Well, here is the difference: America does not sponsor terrorism. The Iranian Government does.
That is exactly what we are trying to get at, Mr. Chairman. I am trying to understand what folks who will not support this bill are going to say when they go back home at Christmastime, when they had an opportunity to shed sunlight on the top political and military leaders in Iran who are ripping off the Iranian people and who are sponsoring terrorism, why it is a bad idea to make sure this information is public to the world as well as to the Iranian people. I would like to understand what they are going to say when they go back home and talk to their constituents.
Mr. Chairman, I am grateful for this opportunity. This is a terrific bill. It does something very common sense: put pressure through sunlight, through transparency, on the chief sponsor of terrorism in the world--the Iranian regime.
Will the gentlewoman yield?
Mr. Chairman, can the gentlewoman repeat the question again? I didn't understand it.
Mr. Chairman, the missiles that I was referring to are very clear to the gentlewoman from California. They deal specifically with the Iran nuclear deal, which is a dangerous deal for this world and for this country. It has nothing to do with any issue dealing with North Korea.
What difference does that have to do with the----
Ms. MAXINE WATERS of California. Mr. Chairman, reclaiming
my time, I will tell Mr. Poliquin what difference it makes.
Here we are with threats from North Korea and the President of the United States unwilling to be involved with diplomacy, who, rather, would like to basically mimic and mock the leader of North Korea by calling him ``Little Rocket Man,'' and by telling the Secretary of State: Don't talk to him. It is no use to talk with him.
So here we have North Korea, who has already indicated that they have missiles that will reach us right here in the United States, anywhere in the United States, and Mr. Poliquin is telling me about his concern about missiles in Iran that are not a part of the nuclear deal.
Mr. Chairman, I reserve the balance of my time.