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Bryan Steil: “When the Obama administration in 2016 sent literal pallets…”

Featuring: Bryan Steil, Republican | U.S. House, Wisconsin, District 1

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Congressional Hearing on Stablecoin Legislation with Mr. Callison, Ms. Butler, Mr. Cascarilla, and Ms. House

Published | Video Starts at 03:53

What I mean by that is across the globe, people can engage in illicit behavior regardless of what technology is being used. And so if we think about When the Obama administration in 2016 sent literal pallets of cash to Iran, the first shipment, I think, had $400 million in pallets of actual cash went to the Iranian regime. An amazing and disastrous policy decision, in my personal opinion. But remove the commentary. Let's just analyze the cash. What controls were in place to track that cash once it left US custody and entered the custody of Iran? (03:53–04:10)

CLAIM

Asserts that the Obama administration sent $400 million in cash to Iran in 2016.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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