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Legislation that would help to decrease gasoline imports to Iran passed the House Appropriations Committee by voice vote on Tuesday.
The amendment to the 2010 State-Foreign Operations appropriations bill was proposed by Reps. Mark Kirk (R-Ill.) and Brad Sherman (D-Calif.) and would prohibit taxpayer dollars from going to guarantee, insure or extend credit to any company that supplies gasonline to Iran. The congressmen noted that the U.S. Export-Import Bank, in both 2007 and 2008, approved two separate loan guarantee totaling $900 million to expand a refinery owned by Reliance Industries Limited. an Indian company that provides about a third of Iran's daily imports of gasoline.
Why was American taxpayer money benefiting Iran in the first place?!?!
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