Senate Continues Work On Passing SHIP Act

By Victor Winston, updated on November 25, 2023

The U.S. Senate is actively working on new legislation that seeks to address challenges with Iran. Congress is trying to force Biden's hand with a 342-69 vote, passing the Stop Harboring Iranian Petroleum Act.

President Biden's approach towards Iran has sparked varied reactions, raising questions about the balance between diplomatic engagement and firm responses to Tehran's actions.

President Joe Biden's tenure has been marked by attempts to revive the Iran nuclear deal, initially met with a decision to release $6 billion in funds to Iran. However, this action was later reversed, leading to a freeze of the funds.

Financial Implications of Waived Sanctions

A significant decision was made to waive sanctions against Iran, a move that reportedly resulted in over $10 billion in revenue for the country.

This decision has been a point of contention, reflecting the ongoing debate over the U.S. strategy towards Iran, Washington Examiner reported.

The impact of these decisions is evident in Iran's financial gains. Since President Biden's inauguration, Iran has reportedly earned nearly $80 billion from oil sales, a substantial figure that underscores the economic dimensions of U.S.-Iran relations.

Senator Katie Britt from Alabama highlighted this concern, stating, "Since President Biden took office, Iran has profited nearly $80 billion from oil sales alone."

Iran's Regional Influence and Activities

Iran's influence in the Middle East, particularly through its support of various proxy groups, remains a critical concern. The country is known to sponsor organizations like Hamas, Hezbollah, and Houthi rebels, with annual funding nearing $1 billion. These groups have been involved in regular attacks against Israel, raising security concerns in the region.

The direct impact of Iran's activities has been felt by U.S. troops and allies. Iranian-backed groups have launched numerous attacks against American personnel under Biden's presidency.

Despite these provocations, the response from the Biden administration has been perceived as limited. Out of the 83 attacks by Iranian-backed groups, there have been only four instances of U.S. retaliation.

Legislative Response to Iranian Aggression

In response to these developments, Congress is actively pushing for legislation that would compel the Biden administration to impose sanctions on entities facilitating Iran's oil exports. This legislative push aims to curtail Iran's economic gains from oil sales, which have been substantial during President Biden's tenure.

The proposed legislation, known as the SHIP Act, has garnered bipartisan support, with 27 Senators co-sponsoring the bill as of November 2022. This legislative effort reflects a growing desire in Congress to take a more assertive stance against Iran's actions and policies.

As the U.S. grapples with the challenge of addressing Iran's regional activities and its nuclear ambitions, the debate over the appropriate mix of sanctions, diplomatic engagement, and military responses continues to evolve.

Assessing Biden's Foreign Policy Approach

President Biden's approach to foreign policy, particularly in relation to Iran, has been a subject of considerable debate.

While some argue for the need to engage diplomatically with Tehran, others advocate for a more robust response to Iranian actions. Specifically, those that threaten U.S. interests and allies.

The situation in the Middle East, especially in relation to Iran's activities, presents a complex challenge for U.S. policymakers. Balancing the need to deter aggression while pursuing diplomatic solutions is a delicate task.

Amidst these challenges, the U.S. Senate's efforts to pass the SHIP Act reflect a legislative approach to addressing the multifaceted issues posed by Iran's policies. The outcome of this legislative effort will have significant implications for U.S.-Iran relations and regional stability.

Conclusion

  • President Biden's administration has faced criticism for its approach to Iran. Particularly regarding the handling of sanctions and responses to Iranian aggression.
  • The U.S. Senate is actively working on legislation, the SHIP Act, to enforce sanctions on entities enabling Iran's oil exports.
  • Iran's financial gains from oil sales and its sponsorship of groups that attack U.S. interests and allies are central issues.

Please share this article on Twitter and Facebook to inform others about these critical developments.

About Victor Winston

Victor is a freelance writer and researcher who focuses on national politics, geopolitics, and economics.

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