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CSPAN2 Effectiveness Of Financial Sanctions December 29, 2017

Have five legislative days in which to submit material to the chair for inclusion in the record. This series hearing is entitled evaluating the effectiveness of us section programs and i recognize myself for a opening statement. Im pleased to welcome our colleagues and witnesses to the subcommittee hearing on us sanctions. From iran to north korea to russia and venezuela got sanctions are used as the instrument in our foreignpolicy toolkits and Congress Must ensure that they be held accountable for results. This hearing will examine major Sanction Program as we seek to evaluate their effectiveness. Let me highlight three points that may provide context. First, sanctions are key to bringing about behavioral change abroad and in this committee its designed accordingly. That means calibrating sanctions and the sanctions relief based on specific and achievable actions we wish to see from a foreign actor. Tailoring sanctions in this way is especially important for secondary sanctions given

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