McCaul Introduces Bill to Increase Pressure on the IRGC
WASHINGTON, D.C. – Congressman Michael McCaul (R-TX), Chairman of the House Homeland Security Committee and a senior member of the House Foreign Affairs Committee, introduced the Expanding Sanctions Against Iran’s Revolutionary Guard Corps Act to make it more difficult for the Islamic Revolutionary Guard Corps (IRGC) and related companies to raise revenue and access international business and financial systems.
Congressman McCaul: “The IRGC supports terrorist organizations such as the IRGC Quds Force, facilitates Iran’s ballistic and nuclear development program, and is responsible for serious human rights abuses against Iranian citizens. The IRGC additionally serves as both a major military and economic entity for the Iranian regime. As a result of the misguided and dangerous Obama-era Iran nuclear agreement, IRGC-owned and affiliated companies have greater access to the global financial system and international markets, which in turn allows the IRGC to continue and further its illicit activities. This bill ensures that America will hold those who conduct or facilitate business with the IRGC accountable.”