Washington, D.C. – This week, Congressman Tom Emmer (MN-06) participated in the first joint committee hearing between the Monetary Policy & Trade Subcommittee and the newly formed Terrorism and Illicit Financing Subcommittee on increasing the effectiveness of non-nuclear sanctions against Iran. Emmer is a member of both subcommittees.
“Tuesday’s joint subcommittee hearing was instrumental in highlighting the current status of the United States’ sanctions on Iran, and what our next steps should be to increase the safety of this nation,” said Emmer. “Even after the United States’ attempts to eliminate access to financing, tools, weapons and support, Iran has become even more emboldened in their quest to commit and encourage acts of terror around the globe. It is clear that more needs to be done and I thank Chairman Barr and Chairman Pearce for holding this hearing to call attention to the continued threat Iran poses. This was a great starting point to hear from experts as we continue our work on solutions to make this world a safer place. I look forward to working with my colleagues on both subcommittees to curb the financing of terror and illicit activities around the globe.”
The Terror and Illicit Finance Subcommittee is the newest subcommittee of the House Financial Services Committee (FSC). During the 114th Congress, the FSC established a task force to investigate and recommend ways to mitigate the spread of monetary support to terrorist organizations. As a member of this newly formed subcommittee, Congressman Emmer will explore opportunities to curb all forms of financial activities to carry out acts of terror and other illicit activities including, but not limited to, drug trafficking, human trafficking, money laundering and more.
Reps. Barr & Pearce’s release on the joint subcommittee hearing can be found here.
Click here for more information about the Terrorism and Illicit Finance Subcommittee.