A new congressional task force on terrorism financing immediately focused its attention on Iran at its inaugural meeting on April 22.
Concerns that Tehran could gain access to $130 billion in blocked funds and use it to fund Hezbollah and other proxies dominated the hearing of the House Financial Services Committee panel, which has a broad mandate to help bankrupt the Islamic State and other terrorist organizations. Witnesses urged the panel to consider a host of measures, from blacklisting more Iranian officials to clamping down on front companies.