Lew to Rubio: If Sanctions ‘Snap Back’ Companies Can’t Do Business with Iran

RUSH TRANSCRIPT:

RUBIO: “If you, today, are a company that after this deal is signed and go into Iran and build a manufacturing facility and the next president of the united States lifts the security waiver or Iran violates the deal, do the sanctions supply against that facility going forward? If a company goes into Iran after this deal and builds a manufacturing facility of any kind, car batteries, and Iran violates the deal and the sanctions kick back in, will that facility be able to continue to operate without facing sanctions?”

LEW: “Senator, if a company acts to go in and do business with Iran while the sanctions are lifting, that would be permitted. If Iran violates the deal and the sanctions snap back they would not be able to continue to doing things that are in violation of the sanctions–“

RUBIO: “The reason why it's important, it's important for companies anywhere in the world to know that whatever investment they make in Iran they risking it, and they are betting on the hope that Iran never violates the deal and they are also hoping that the next president of the United States does not re-impose U.S. Congressional sanctions by which they would become a sanction entity.”