My bill to support Israel and stop Iranian funded terrorism

I stand with our ally Israel and firmly condemn the barbaric attacks by Hamas, an Iran-backed terrorist organization. Considering these events, I once again introduced the No U.S. Financing for Iran Act, which will cut off the Iranian Government from the U.S. Financial System. For years, Iran has routinely provided funding and support to Islamic terrorist groups that have detained and killed Americans, including Hamas, Hizballah, and the Palestinian Islamic Jihad. According to the State Department’s 2021 Country Reports on Terrorism, Iran remains the world’s leading state sponsor of terrorism. My bill will hold Iran accountable for their reckless and harmful support of these radical terrorist groups.

The No U.S. Financing for Iran Act prohibits the Secretary of the Treasury from authorizing transactions by U.S. financial institutions to Iran for any goods, services, or technology and prevents the International Monetary Fund (IMF) from providing financial assistance to Iran. Additionally, my bill codifies statutory authority at the Export-Import Bank, ensuring they do not guarantee, insure, or extend credit in connection with any transaction for Iran.

As the horrific scenes in Israel unfold, the United States must continue to stand with the Israeli people and support them with the resources needed to protect themselves and their borders. The No U.S. Financing for Iran Act is a concrete start to cutting off the financial head of Hamas, Hizballah, and other groups who target both Israelis and Americans alike. As Chairman of the House Financial Services Subcommittee on Oversight and Investigations, I will continue to fight to ensure that American taxpayer dollars are not used irresponsibly and find ways to support Israel.

If you or someone you know is stuck in Israel or other conflict zones and need help to return to the United States, please do not hesitate to contact my office in Holland at (616) 251-6741, in Portage at (269) 569-8595, or in Washington at (202) 225-4401.