Congress Moves to Blacklist Iranian Banks

Senator Ted Cruz (R-TX)

(From The Washington Free Beacon)

Iran hawks in Congress are in the early stages of planning an all-out campaign to blacklist, sanction, and isolate Iranian banks tied to the funding of terrorism and money laundering, according to sources and legislation obtained by the Washington Free Beacon.

New legislation spearheaded by Sen. Ted Cruz (R., Texas) and allies in both the House and Senate would disconnect from the global financial system every Iranian bank identified as playing a part in the funding of Iran’s global terror operations, sources told the Free Beacon.

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