Congressional terror finance task force targets Iran
The potential lifting of sanctions has led Congress to seek other avenues to block Tehran from funding terror.
![IRAN An Iranian bank teller counts new 20,000 rial notes at Iran's Central Bank in Tehran March 15, 2004. Iran began to release the new 20,000 rial note equivalent to $2.38 shortly before the Iranian new year which begins March 21. REUTERS/Morteza Nikoubazl CJF/AA - RTRF83M](/sites/default/files/styles/article_hero_medium/public/almpics/2015/04/RTRF83M.jpg/RTRF83M.jpg?h=f7822858&itok=qqlYDmmG)
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.