[Congressional Record Volume 153, Number 125 (Wednesday, August 1, 2007)]
[Extensions of Remarks]
[Page E1676]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 IRAN SANCTIONS ACT OF 1996 AMENDMENTS

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                               speech of

                          HON. EARL BLUMENAUER

                               of oregon

                    in the house of representatives

                         Monday, July 30, 2007

  Mr. BLUMENAUER. Mr. Speaker, I opposed this bill, much as I opposed 
the ``Iran Freedom Support Act'' last year, because it threatens the 
united international diplomatic front that's needed to block Iran's 
nuclear weapons program. Instead of sanctioning Iran, this bill will 
sanction allies in Europe and Asia.
  I do not object to efforts to punish ``sham'' subsidiaries that are 
set up specifically to evade U.S. sanctions on Iran. However, the U.S. 
government already has this authority under the International Emergency 
Economic Powers Act and the language in H.R. 957 is clearly meant to 
extend sanctions to overseas subsidiaries that are legally and 
legitimately incorporated outside of the United States. Passage of this 
bill will set back our diplomatic efforts with regards to Iran and only 
serve to diminish our global influence on this very important issue.

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