D'oh!
Posted on 10/08/2015 5:08:06 PM PDT by Nachum
Some senior U.S. officials involved in the implementation of the Iran nuclear deal have privately concluded that a key sanctions relief provision – a concession to Iran that will open the doors to tens of billions of dollars in U.S.-backed commerce with the Islamic regime – conflicts with existing federal statutes and cannot be implemented without violating those laws, Fox News has learned.
At issue is a passage tucked away in ancillary paperwork attached to the Joint Comprehensive Plan of Action, or JCPOA, as the Iran nuclear deal is formally known. Specifically, Section 5.1.2 of Annex II provides that in exchange for Iranian compliance with the terms of the deal, the U.S. “shall…license non-U.S. entities that are owned or controlled by a U.S. person to engage in activities with Iran that are consistent with this JCPOA.”
In short, this means that foreign subsidiaries of U.S. parent companies will, under certain conditions, be allowed to do business with Iran. The problem is that the Iran Threat Reduction and Syria Human Rights Act (ITRA), signed into law by President Obama in August 2012, was explicit in closing the so-called “foreign sub” loophole.
Indeed, ITRA also stipulated, in Section 218, that when it comes to doing business with Iran, foreign subsidiaries of U.S. parent firms shall in all cases be treated exactly the same as U.S. firms: namely, what is prohibited for U.S. parent firms has to be prohibited for foreign subsidiaries, and what is allowed for foreign subsidiaries has to be allowed for U.S. parent firms.
(Excerpt) Read more at foxnews.com ...
The list, Ping
Let me know if you would like to be on or off the ping list
Ayatollah Obama does whatever he damn well pleases. Deal with it.
Please, and honor...
Thanks
Semper Fi
My thoughts as well.
Please add to list, forgot
Doh
Thanks Nachum
King Putt will do as he pleases.
BTTT
Not to mention the Iran deal gives aid and comfort to the enemy. But Congress still does.......................................................... nothing.
I'm sure that you could find laws that were broken by the managers who implemented Operation Fast and Furious, or by the IRS managers and agents who used that agency to harass and intimidate Christian organizations and organizations that opposed Obama, or by the President and his staffers who routinely decided which aspects of the Obamacare legislation they would follow, which they would ignore, and which they would change on the fly.
I'm sure that you could find laws that were broken when the Government took over General Motors and decided that its bondholders didn't need to be at the front of the line, as they had been told when they purchased the bonds.
I'm certain that numerous city governments broke laws pertaining to the enforcement of immigration law, because the leaders of those cities explicitly stated that they were going to be breaking those laws before they did so.
The fact is, the federal law means nothing because people in government skirt it or break it all the time, with zero consequences.
“violates federal law”
When has that ever stopped Obama/Jarrett/Soros ?
Amen!!!
D'oh!
This is a totally different animal. This Iran agreement can now be hauled into court and slowed down or stopped.
So Obama gets another gold star or something, and he goes ahead with it. He’s the first black president you know, and that makes him so special.
There goes Obama’s legacy in his 2nd term...
Sure hope you are right.
Ouch! That's going to sting some!
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