GOP chairman pans ‘disappointing’ Boeing sale to Iran

Moriah Ratner

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) on Monday called Boeing’s sale of airplanes to Iran “disappointing” and warned of future action from Congress.

The aircraft manufacturer on Sunday finalized a $16.6 billion deal to sell 80 airplanes to Iran Air, the country’s national airline.

Hensarling slammed Boeing for aiding “the world’s foremost state sponsor of terrorism” and criticized last year’s diplomatic agreement with Iran to limit its nuclear capabilities.

“The President wants us to sell planes not just to this dangerous regime, but to an airline that his own Treasury Department sanctioned in 2011,” said Hensarling in a statement. “No wonder voters have chosen a new direction.”

{mosads}House Republicans passed bills blocking the sale and United States financing of it in July, but those bills went nowhere in the Senate.
Hensarling warned that American companies doing business with Iran before President-elect Donald Trump takes office could face consequences.
“If a U.S. financial institution attempts to bankroll Iran in the waning days of the Obama administration, it will have to answer to Congress,” said Hensarling.

This is the second straight week in which Boeing has come under criticism from Republicans.

Trump lashed out at the company on Twitter last week over the cost of a new Air Force One. He claimed that Boeing’s work was too expensive and should be canceled. The comments sent Boeing’s stock plummeting.

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