Publisher's Synopsis
Excerpt from U. S. Sanctions on Iran; Next Steps: Hearing Before the Subcommittee on International Economic Policy and Trade of the Committee on International Relations, House of Representatives, One Hundred Fourth Congress, First Session, May 2, 1995
The subcommittee met, pursuant to call, at pm. In room 2128, Rayburn House Office Building, Hon. Toby Roth (chairman of the subcommittee) presiding.
Mr. Roth. This hearing is scheduled for 2 o'clock, so we will begin. We have a vote on the floor, so we will have some more members coming in later.
Let me say this is a very important hearing today because we feel that by imposing an embargo on Iran, the President has now fired the biggest economic weapon in our arsenal. In today's hear ing we will consider the overriding question: Will an embargo against Iran work for us or against us?
I am concerned that in firing this economic weapon we won't hit Iran but will end up shooting ourselves in the foot. We have to ask ourselves: Will this embargo actually hurt Iran or will the real casualties be us. Exporters and American workers injured by friendly fire from our own government?
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