logo
#

Latest news with #IranWaiverRecissionsAct

Pfluger introduces bills to impose maximum pressure on Iran
Pfluger introduces bills to impose maximum pressure on Iran

Yahoo

time02-04-2025

  • Business
  • Yahoo

Pfluger introduces bills to impose maximum pressure on Iran

Apr. 2—WASHINGTON, D.C. — Congressman August Pfluger (TX-11), Chairman of the Republican Study Committee, announced the introduction of two pieces of legislation as part of the RSC's "Enforcing Maximum Pressure" initiative to hold the Iranian regime accountable. During the RSC press conference announcing this legislation, Pfluger said, "President Trump has not just earned our gratitude, he deserves unwavering support as he revives the maximum pressure campaign against Iran's leaders — the world's most dangerous state sponsors of terrorism. The Iranian regime is not just a threat, its leaders are a genocidal death cult. Make no mistake about their strategy — they view Israel's destruction as the beginning of their evil plans." The No Iranian Energy Act sanctions the importation of Iranian natural gas to Iraq, cutting off their lifeline. This is necessary as recently, the sanctions waiver for electricity transmission from Iran expired in line with President Trump's NSPM-2. With Iranian gas imports accounting for roughly 8.8 GW of power generation, additional action is needed to cut off this revenue stream for the regime in Tehran, a news release said. The Iran Waiver Recissions Act would permanently freeze all Iranian-sanctioned assets and prohibit the President from using any waiver authority, including licenses, guidance, or FAQs, to lift sanctions. Last Congress, this legislation passed the House 259-160 with bipartisan support. Pfluger's bills were introduced alongside nine other pieces of legislation championed by other House Republicans and RSC members. This package of bills aims to codify President Trump's maximum pressure campaign against Iran and is the toughest Iran sanctions package ever proposed by Congress, the release said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store