Press Releases
REP. MIKE LAWLER ANNOUNCES UNANIMOUS PASSAGE OF IRAN-CHINA ENERGY SANCTIONS ACT FROM FINANCIAL SERVICES COMMITTEE
Washington, DC,
November 14, 2023
Congressman Mike Lawler (NY-17) announced that H.R. 5923, the Iran-China Energy Sanctions Act, passed the House Financial Services Committee by a margin of 47-0 during today’s Committee markup. H.R. 5923, which Representative Lawler introduced with his colleague Josh Gottheimer (NJ-05) targets the small, independent Chinese oil refiners driving Chinese purchases of Iranian crude and requires the Treasury Department to make annual sanctions determinations for Chinese banks. "Iran is exporting a record 1.5 million barrels of petroleum per day and around 80 percent of those exports are going to China," said Congressman Lawler (NY-17). "We must crack down on enablers of Iranian terror, of which there is no greater culprit than China." "Cutting off Iran’s ability to finance terrorist proxies around the world is long overdue. That’s why I introduced the SHIP Act which just passed the House last week and it’s why I introduced the Iran-China Energy Sanctions Act," Congressman Lawler concluded. "I was pleased to see H.R. 5923 advance from the Financial Services Committee and look forward to getting it passed and signed into law." New York's 17th Congressional District is just north of New York City and contains all or parts of Rockland, Putnam, Dutchess, and Westchester Counties. |