Getty Images Jack Beyrer • May 12, 2021 2:45 pm
As the Biden administration prepares to lift sanctions on Iran, Senate Republicans are warning U.S. business leaders that any ventures with the Islamic Republic are doomed to fail.
In a letter Wednesday, more than a dozen Republican lawmakers, including Sens. Tom Cotton (Ark.), Ted Cruz (Texas), and Marco Rubio (Fla.), told members of leading business advocacy groups that staunch GOP opposition to sanctions relief would imperil potential business dealings with the regime. If U.S. sanctions on Iran were temporarily lifted and these firms decided to reenter the Iran market, not only would they be engaging with a corrupt and capricious regime, they would be investing in ventures doomed to fail, the lawmakers wrote to the U.S. Chamber of Commerce, Financial Services Forum, and Business Roundtable. The Republicans said any Biden administration agreement with Iran will not survive if the GOP regains the White House in 2024
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