Transcripts For CSPAN Hearing On Iran Nuclear Agreement 2024

CSPAN Hearing On Iran Nuclear Agreement June 22, 2024

The governor of the various states. Our ambassador to the United States of america and corporate sponsors and captains of industry here and distinguished ladies and gentlemen. Surprised to meet the but iexecutive of naboo, am surprised to meet the chief executive of venice bank. Maybe he was brought by the governor of the centrist bank. [laughter] let me begin by saying how happy i am to be here tonight, and to be treated to this elaborate dinner in the United States chambers of congress. Many entrepreneurs and captains of industry here well of theaks relationship between nigeria and the United States. Through theirme activities in nigeria. Is toention here tonight simply bring a message of hope andt my countrys future the opportunities that are available for United States investors. Longstanding excellent relations between nigeria and the United States went to sign up by nation agreement in 2010 as the framework to guide our interactions. The agreement provides a to efficiently manage the growing political and Security Cooperation between nigeria and the note states. They need to strengthen the , thisral relations Investment Forum has been organized on power, economic culture and infrastructure. These interactions have led to increased innominate economic and investment activities between nigeria and the United States. I would like to see this generation growing and sustained because there are two countries economyve the level of and trading nations beyond the current levels. My intention to create the necessary environment for future investment. We are blessed with abundant young skilled workforce. We are therefore prime candidates to become the destination of choice for United Investment in africa. The investors know from that they have better investment than any other in africa. I would work to allow new investors into our country. Community iness the United States and nigeria. Excellent political relations between our two countries expense trade and thestment activities priority of the nigerian economy agriculture, gas the Health Sector and other sectors of the economy to take advantage of the United States african growth and the opportunity. Gentlemen, while i recognize the vital role of government in facilitating and promoting Economic Growth, the present sector must increase as the engine of growth. This is even more so for us in nigeria as we take steps to diversify a nonoil driven economy. In particular we will welcome genuine investors were willing to come to nigeria for solid mineral exploitation. Of my key was one campaign promises. I will do my best to keep this promise. There is no other way to explain Economic Opportunities then boosting domestic manufacturers in the industrialization. Partner with genuine investors who are willing to join us to achieve our economic investors. There is more to nigeria than oil. This is why i will continue to stress the need for increased United States investment in our nonoil sectors. The present administration would be attentive to the needs of the Business Community and they will strengthen the sector that should drive the growth. We intend to reduce risk with focus on freedoms, accountability and good governance. We went compliance with structural agreements, ease of removalsiness and the of some of the measures the federal government would withdraw. Nigeria requires heavy funding which cannot be sourced locally in nigeria alone. I want to use this platform to encourage funding agencies such andnvestment corporation the United States Exportimport Bank increase access to capital and the funding of such businesses. Nigerias shares have already been exploited. The power reduces the cost of doing business. Nigeria therefore requires the investment of United States Energy Companies to improve our supply. While some of the challengers are confronting the Energy Sector in nigeria i want to assure you that the government of nigeria is prepared to tackle the challenges as they relate. Most of which are known in to have moved power to the consumers. Ladies and gentlemen, the kind of environment where industry can only thrive is a secure and stable environment. As such i am giving full attention to the fight against boko haram in collaboration with nigerias immediate neighbors. To this and nigeria has pledged 100 million United States dollars to the commission. For the prerequisites for the task force to effectively function. Last month nigeria released the states21 million united for the task force to fully become operational. Government fore of 500ntribution million to this campaign. Every little bit helps in this allimportant fight against terrorism. It ends with the protection of every inch of nigerias territory. For the atmosphere of a normal life. Conclusion i would like to remind you all that we are monetizationth the programs in sectors ranging from telecommunications, energy, gas minerals, aviation, health and infrastructure which would improve architecture. Also simplify these procedures based on prince pulls basedng braced on principles of focusing. The American Community to take advantage of our liberal trade and Investment Climate to do business in nigeria. I thank you very much for your attention. [applause] on newsmakers, new jersey congressman Frank Pallone talks about president obamas climate plan and the future of u. S. Energy development and today at 10 00 a. M. And 6 00 p. M. Eastern. N cspan congress has until midseptember to review and vote on the iran Nuclear Agreement. Sherman was on capitol hill testifying on the deal and what it does for sanctions relief. She was also asked about the terms agreed on by iran which will be responsible for inspecting a rainy and facilities. Hours. 5 the committee will come to order. We have a very important hearing today at a lot of attendance. Off. L start it with my colleague. I want to ask the first question. You want to ask it now . You what to wait . You want to wait . Ok. If that satisfies you, that satisfies me. The bill there has been a Nuclear Agreement with iran after numerous delays. Many serious concerns have been raised regarding the steel including first and foremost iraner it would prevent from continuing on its path to a Nuclear Weapon. Although a new deal hasnt reached, fundamental problems remain with iran. Iran remains the worlds leading state sponsor of terrorism. Under these circumstances i thatve it is Critical Congress conduct a thorough review of the agreement as required by the iran Nuclear Agreement review act. The Banking Committee will focus specifically on analyzing the relief and the implications of taking such action. There is general agreement that the pressure of sanctions brought a run to the negotiating table. Congress must consider carefully the repercussions of lifting those sanctions on nationals security and economic interest. In recent weeks many of my colleagues have expressed skepticism over several aspects of the agreement. Providedle, the relief would allow iran to rejoin the International Economic system. Time this would give iran the financial means to increase its support of terrorism and regional destabilization. Iran noton, should comply with parts of the deal, it may prove ineffective except in the most extreme cases of violation. Many view it as a runs license to cheat as long as it falls just short of a significant violation of the agreement. Financial sanctions have become an important tool of this Foreign Policy and are an important part of this jurisdiction. Instrumentale was in imposing the sanctions that brought iran to negotiations in the first place. I believe it is essential for u. S. Sanctions lot to continue to evolve to meet any new challenges presented by iran. Today the committee will hear from two panels. On the first panel will hear from the lead negotiator and the lead sanctions expert. Following this the committee will receive testimony from a panel of experts who studied the agreement intensively including officials from the previous administration. Thank you for being here and for your very important public service. We will hear from the second panel of four witnesses who worked in the Bush Administration and terrorist finance and the middle east policy. This whole process began in the Bush Administration with a republican president who was willing to engage iran diplomatically. As secretary kerry observed the other day, the Bush Administration laid the foundation for what became the iran agreement and strict limits on the Nuclear Program. Ricene 2008, condoleezza signed a memorandum with the p5 plus one which said in return for a run doing key things to limit its Nuclear Program United States was ready to do a number of things. To recognize the right to Nuclear Energy for peaceful purposes to treat their Nuclear Program like any other nonNuclear Weapons state and the peaceful nature of its program could be restored and to provide technical and Financial Aid for peaceful Nuclear Energy and to work with a run on confidence Building Measures to begin normalized trade to allow for Civil Aviation cooperation. Familiarld sound because it was the early outline of the iran agreement just completed. That is partly why i have been so disappointed on the politicized nature of this debate so far including colleagues coming out in opposition within hours of its release even though it is over 100 pages long and very dense and complicated to read. This is one of the most Significant National Security Issues that congress will face in a generation and i say this would be the second or first most important vote i have ever cast in Foreign Policy. Perhaps only or even more important than my vote against the iraq war several decades ago. Congress should give this agreement the serious debate that it deserves. We know that iran is a sponsor of terrorism. We know that it destabilizes the region and violates the human rights of its people. That is why western policymakers agree to try to achieve agreement on this one specific issue. They knew it would be especially to interest us and the region. The single goal was to keep iran from getting a Nuclear Weapon. Since iran has deceived the west it is not a question of trust. There are a number of questions of whether the iea has sufficient resources to conduct inspections. Intelligence capabilities be able to detect cheating. Will the breakout time extend from two to three months will he have time to respond politically or economically if a run makes a break for a weapon and what actually happens if Congress Rejects the deal. How would we maintain effective enforcement of our sanctions without the support of our p5 plus one allies whose ambassadors made clear to a large group of us yesterday that we would be isolated. What happens of a country like china walks away and just dodges sanctions by establishing banks with no correspondent relationships in the u. S. What would a rejection and congress do to the credibility of the United States in the eyes of the rest of the world. We need answers to these questions and other questions. Some will here today and others we will receive an classified sessions. Over the years ive joined many of my colleagues in supporting round after round of tough, unilateral and extra National Sanctions which clearly brought a run to the table. Some predicted that the gpo way would unravel the regime but it has not. Unusually grave and historic responsibility to withouthe consequences partisan rancor or any partisan attacks to assess the consequences of this agreement and to weigh the risks are way to benefit and allow our allies to test as ability to comply. While he might differ in tactics it is clear we share the same goals. To do that diplomatically if possible and to recognize that other alternatives remain on the table and are not precluded by this agreement. On our first panel will hear from the honorable wendy sherman. She is the under secretary for Political Affairs and next we will hear from mr. Adam zubin. He is currently the acting undersecretary. Both of your written testimonies we made part of the hearing record today. Ambassador sherman you may proceed as you wish. Good morning to chairman shelby, Ranking Member round and members of the committee. Thank you for this opportunity to discuss the joint copperheads a plan of action that the netted states and our International Partners recently concluded with iran. I will only highlight a few key points. By locking each of their potential pathways to the material required for a bomb. The deal and shores that irans Nuclear Program will be peaceful over the longterm. Under the provisions iran must move two thirds of its installed centrifuges for 10 years, reduce its stockpile of enriched uranium by 98 and cap enrichment at 3. 67 percent, far below the danger point for 15 years. Reactor be the heavy removed and rendered unusable in the facility rebuilt so that it cannot produce weapons grade plutonium. As both the chairman and the Ranking Member did that this deal is based on verification and not trust. Before obtaining any relief iran must meet its Major Nuclear related commitments. International inspectors will have unprecedented access to the declared Nuclear Facilities and its entire Nuclear Supply chain. If they are suspicious undeclared sites, no sites will be offlimits. Fails to meet its responsibility we can and short sanctions snapback into place and no countries can stop that from happening. Thehey try to break out of deal altogether the world a have more time one year, to respond before iran could possibly have enough fissile material for a bomb. At that point, all of the potential options would remain on the table. Under the Nuclear Nonproliferation treaty iran is permanently prohibited from pursuing a Nuclear Weapon. The provisions will remain in place for ever, enhanced by the Additional Protocol as a result of the conference plan of action. Line is that this deal does exactly what it was intended to do. Reachinga run in enriching an iran uranium up to 20 . Hey had 19,000 centrifuges the plan agreed to in vienna will shrink those numbers dramatically. Only beensure they can used for peaceful purposes and put the entire program under a microscope. Some have expressed concerns about what might happen 15 years from now but without this agreement, year 15 would begin today. If United States walks away from poa we will be left alone. That would be the worst of all worlds. They could push ahead with the Nuclear Program in whatever direction chooses. Everything that we have tried to prevent could occur. It would not require transparency to scrutinize every element of the graham and the would begin regime rapidly to unravel. Behavior, the United States is under no illusions. Was never based on the expectation that it would contain the Iranian Regime or cease sectarian violence or terrorism in the middle east. That is why we made clear we will continue our unprecedented regulations against israel and we will work mostly with the gulf states to know the capacity to defend themselves and we will continue to take action to prevent terrorist groups from acquiring weapons. Well keep in place all of our own sanctions and we will continue to insist on the release of u. S. Citizens unjustly detained in iran and for information on the whereabouts of Robert Levinson so that everyone comes home. We all know the middle east is undergoing severe threats. Every one of those problems would be even worse if iran were allowed to have a Nuclear Weapon and that is why the agreement is so important. None of us can accept a Nuclear Armed iran. Some have said if we double down on sanctions we can force iran to double down on its Nuclear Program but quite frankly that is a fantasy. The whole purpose o

© 2025 Vimarsana