U.S. House panel considers measures to block Boeing deal with Iran
A panel of the U.S. House of Representatives is set to debate Thursday legislation that could block Boeing Co.'s agreement to sell jetliners to Iran.
The Financial Services subcommittee will consider three measures that could block the deal, Reuters reports. One would bar the U.S. Treasury from licensing the Boeing (NYSE: BA) deal, which was announced last month. Another would ban the Treasury secretary from authorizing U.S. financial institutions from making transactions for the export of aircraft, and the third would prohibit the Export-Import Bank from financing entities that do business with Iran.
A House aide told Reuters that the financial services committee is likely to approve the bills, although a vote has not yet been scheduled.
"I am extremely concerned that by relaxing the rules, the Obama administration has allowed U.S. companies to be complicit in weaponizing the Iranian regime," Rep. Bill Huizenga, chair of the Monetary Policy and Trade Subcommittee, said Wednesday in a statement.
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