Opening Statement by Senator Richard Shelby Before the Senate Committee on Banking, Housing and Urban Affairs: Minimizing Potential Threats from Iran: Administration Perspectives on Economic Sanctions and Other U.S. Policy Options

October 6, 2009

Weapon Program: 

  • Nuclear

Related Country: 

  • Iran

Because of its extensive financing of terrorism around the globe, the Treasury Department has referred to it as the 'Central Banker' of international terrorism.  There should be no doubt that Iran remains a serious and growing threat to the entire Middle East region, our European allies, and the interests of the United States.   

The issue is not whether we must take action to check Iran’s hostile ambitions, but rather, how to maximize the effectiveness of the actions we take.