Lance, Dold lament reports of Obama administration granting Iran access to U.S. financial markets

U.S. Rep. Leonard Lance (R-NJ) and Bob Dold (R-IL) called on the Obama administration on Friday to deny Iran access to the dollar and U.S. financial markets.

Lance, the co-chairman of the House Republican Israel Caucus, said that he was “deeply troubled” about reports that the Obama administration might provide Iran access to the U.S. financial system.

“Anti-terrorism and financial crimes enforcement from around the globe continue to warn that Iran would pose a threat to the United States if it were allowed to use our financial system,” Lance said. “As Iran continues to violate U.N. Security Council-passed resolutions with illicit ballistic missile tests, the Obama administration is seemingly going out of its way to help Tehran gain access to the international financial system and the use of the U.S. dollar.”

Dold, meanwhile, called reports of the administration moving toward granting Iran access to U.S. financial markets “outrageous.”

“It is outrageous that the administration is going back on its word and now considering allowing Iran access to the U.S. financial system,” Dold said. “This unilateral concession, which amounts to a new and significant form of sanctions relief, goes well beyond the scope of what was even permitted in the misguided Iran nuclear deal and shows just how vulnerable the agreement has left the United States to Iran’s endless protestations.”