Release: Gottheimer & Lawlers Bipartisan Iran-China Energy Sanctions Act Passes the House Financial Services Committee Unanimously
WASHINGTON, D.C. – The Iran-China Energy Sanctions Act, a bipartisan invoice sponsored by U.S. Representatives Josh Gottheimer (fifth New Jersey) and Mike Lawler (seventeenth New York), passes unanimously within the House Financial Services Committee. It was completed. The bipartisan invoice targets small impartial Chinese oil refiners that drive China’s purchases of Iranian crude oil and would require the Treasury Department to subject annual sanctions choices on Chinese banks.
China-Iran partnership:
China is Iran’s largest oil buyer and a serious provider to Iran’s missile and drone packages. Iran generates $150 million a day in income from oil commerce to China. China is primarily chargeable for the survival of the Iranian regime by means of its oil purchases. According to current reviews, China is contemplating supplying Iran with ammonium perchlorate, a key compound used to propel ballistic missiles. China additionally cooperates in supporting Russia’s unwarranted and unwarranted invasion of Ukraine. China has taken an anti-Israel stance within the wake of the October 7 atrocities. China’s Foreign Ministry has repeatedly refused to make use of the phrases “Hamas” or “terrorism” and has refused to acknowledge that Israel was attacked by Hamas.
“Hamas depends on help from the Iranian regime, which is a serious state sponsor of terrorism. As Iran deepens its ties with China and Russia, we consider they can’t be trusted and have to be held accountable. We are reminded that Iran, both straight or by means of terrorist proxies reminiscent of Hamas, Hezbollah, and PIJ, has killed tons of of Americans and attacked our bases and allies within the area. Cut off funding to Iran. To do that, we should go the bipartisan Iran-China Energy Sanctions Act,” stated Congressman Josh Gottheimer (NJ-5). “China can now not proceed to be Iran’s greatest buyer. I’ll proceed to struggle their rising affect and do all the things in my energy to guard the United States and its allies, together with Israel, from Iran.”
The full textual content of the invoice will be discovered right here.
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