President Obama’s Iranian nuclear deal faces new criticism after experts have questioned the legality of one major piece of the deal.
Obama’s deal allows foreign subsidiaries of U.S. companies to do business with Iran. However, that violates the Iran Threat Reduction and Syria Human Rights Act (ITRA), which Obama signed into law in August 2012, experts have told Fox News. ITRA closed what was called a foreign subsidy loophole that allowed companies to do business indirectly with Iran.
ITRA states that its provisions will remain in effect until the State Department removes Iran from the list of nations that sponsor terrorism, and the president certifies that Iran has stopped any and all pursuit, acquisition, and development of weapons of mass destruction.
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Sen. Ted Cruz, R-Texas, signaled GOP intentions to use this revelation to continue attacking on the deal.
“It’s a problem that the president doesn’t have the ability to wave a magic wand and make go away,” the Republican presidential candidate told Fox News. “Any U.S. company that follows through on this, that allows their foreign-owned subsidiaries to do business with Iran, will very likely face substantial civil liability, litigation and potentially even criminal prosecution.”
Cruz was adamant that the loophole Obama seeks to exploit is a violation of federal law.
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“The obligation to follow federal law doesn’t go away simply because we have a lawless president who refuses to acknowledge or follow federal law,” Cruz said.
Fox News reported that an unnamed administration attorney questioned the administration’s interpretation of existing law that administration officials claim will allow the deal to go through.
“It would be Alice-in-Wonderland bootstrapping to say that (the law) gives the president the authority to restore the foreign subsidiary loophole – the exact opposite of what the statute ordered,” said the attorney.
h/t: Fox News
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