US Congress Pushes to Block Boeing Iran Deal

US Congress voted on Thursday to add two amendments to a financial services spending bill regarding the proposed $17 billion deal by Boeing to sell commercial jets to Iran.

According to Washington Times, one amendment effectively blocks the Office of Foreign Assets Control (OFAC) from issuing licenses for the deal, while a second curbs the ability of US banks to make any loans in support of the sale.

Additionally, Bloomberg reports that the US Export-Import Bank is currently unable to approve major financing deals anyway, because conservative critics have blocked confirmation of three nominees needed for its board of directors to have a quorum.

This puts Boeing’s historic agreement to provide 109 aircraft to Iran Air under increasing pressure.

(Sources: Washington Times, Bloomberg)

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