Obama wrote a law, violated it and says he is confident he has the authority to do so. Secretary of State John Kerry says the same. Some “Senior” unnamed “Officials see a “conflict” –– as in a conflict with existing law. Fox News’ James Rosen has this story. The video transcript is below.
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. . . .[…]
************************Thank you for stopping by Grumpy Opinions and while you are here, please SUBSCRIBE to our Grumpy Opinions newsletter to receive our emails. You can also subscribe to Grumpy Opinions’ in our right sidebar or if you have a WordPress.com account, in our WordPress.com READER in the admin panel on the top left. Social media accounts: