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U.S. passes bill requiring more transparency on aircraft sales to Iran

Staff Writer |
U..S lawmakers approved a bill that will bring the sales of American planes to Iran under the close scrutiny of the Congress. The bill passed 252-167 — all but four Republicans supported it, and they were joined by 23 Democrats.

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It would require the Treasury Department to report to Congress on Iranian purchases of U.S. aircraft and how those sales would be financed.

The key company that would be the primary target of the bill would be U.S. aviation giant Boeing.

In December 2016, Boeing sealed deals with Iran’s flag-carrier airliner Iran Air over sales of 80 jets valued at $16.6 billion. They include 50 narrow-body Boeing 737 passenger jets and 30 wide-body 777 aircraft, the Washington Examiner reported.

Republicans argued that the legislation would not bar any aircraft sales to Iran. Instead, it would require the Treasury Department to notify Congress about the activities of the Iranian company that purchases the planes, as well as the financing used for the deal.

House Democrats maintained that the bill might provoke Iran to abandon the nuclear agreement, however, by interfering with their ability to work with U.S. corporations as promised under the pact.

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