US officials conclude Iran deal violates federal law

October 09, 2015 08:52

Fox News reports: Some senior US officials involved in implementation of the Iran nuclear deal have privately concluded that a key sanctions relief provision -- a concession to Iran that will open the doors to tens of billions of dollars in US-backed commerce with the Islamic regime -- conflicts with existing federal statutes and cannot be implemented without violating those laws.

At issue is a passage tucked away in ancillary paperwork attached to the Joint Comprehensive Plan of Action, or JCPOA, as the Iran nuclear deal is formally known.

Specifically, Section 5.1.2 of Annex II provides that in exchange for Iranian compliance with the terms of the deal, the US "shall... license non-US entities that are owned or controlled by a US person to engage in activities with Iran that are consistent with this JCPOA."

In short, this means that foreign subsidiaries of US parent companies will, under certain conditions, be allowed to do business with Iran. The problem is that the Iran Threat Reduction and Syria Human Rights Act, signed into law by President Barack Obama in August 2012, was explicit in closing the so-called "foreign sub" loophole.

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