Boycott & sanctions against Iran for terrorism & nukes.
Hochul signed Iran Threat Reduction Act
Declares that it is US policy to deny Iran the ability to support acts of foreign terrorist organizations and develop unconventional weapons and ballistic missiles.
Urges the President to initiate diplomatic efforts to expand the multilateral sanctions regime regarding Iran.
Directs the President to impose specified sanctions on a person who knowingly makes specified investments with respect to Iran`s ability to develop petroleum resources; or exports to any items that would contribute to Iran`s ability to acquire or develop chemical, biological, or nuclear weapons, or acquire or develop destabilizing numbers and types of advanced conventional weapons.
Defines sanctions to include: prohibitions on loans from US financial institutions; prohibitions on foreign exchange; prohibitions on property transactions; and export and procurement sanctions.
States that a determination to impose sanctions under this Act shall not be reviewable in any court.
Authorizes financial and political assistance to entities that support democracy in Iran.
Imposes visa, property, and financial sanctions on persons identified as officials of the government of Iran, security services, or the Islamic Revolutionary Guard Corps.
Directs the President to develop a National Strategy to Counter Iran.
Requires a report on the Central Bank of Iran`s activities to facilitate Iran`s efforts to acquire nuclear missile capacities, and promote terrorism.
Terminates the provisions of this Act when Iran:
has dismantled its efforts to develop or acquire nuclear, chemical and biological weapons;
no longer provides support for acts of international terrorism; and
poses no threat to US national security, interests, or allies.
Hochul co-sponsored Countering Iran in the Western Hemisphere Act
Congressional Summary:A BILL: To provide for a comprehensive strategy to use all elements of national power to counter Iran`s growing presence and hostile activity in the Western Hemisphere.
Congress finds the following:
Iran is pursuing cooperation with Latin American countries by signing economic and security agreements in order to create a network of diplomatic and economic relationships to lessen the blow of international sanctions and oppose Western attempts to constrict its ambitions.
According to the Department of Defense, Iranian government agencies were involved in some of the deadliest terrorist attacks of the past two decades, including the 1994 attack on the AMIA Jewish Community Center in Buenos Aires, by supporting the groups that actually executed the attacks.
Reports since the early 1990s suggest direct Iranian government support of Hezbollah activities in the Tri-Border Area of Argentina, Brazil, and Paraguay, and in the past decade,
Iran has built 17 cultural centers in Latin America.
Iran has used its proxies in Latin America to raise revenues through illicit activities, including drug and arms trafficking, counterfeiting, money laundering, forging travel documents, pirating software and music, and providing haven and assistance to other terrorists transiting the region.
Rep Jeff Duncan`s Sponsor comments:Congress has spent trillions of dollars for military operations in the war on terror, yet we have neglected to protect ourselves from the threat that looms just beyond our own borders. We know that Iran has been building diplomatic, economic, and security relationships with Latin American countries for years. The US possesses vital political, economic, and security interests in the Western Hemisphere. I am concerned that our nation`s vulnerability to this growing threat on our Southern border is not being adequately addressed.`