Before I contact the Paul campaign, I'm going to make sure I understand the bill. Here is the first part:
So there is the title. So, the bill is called the "National Defense Authorization Act". Lets start there. Whoever titled the bill is a pompous ass because the bill implies defense is something that has to be authorized. Wrong. Defense requires no authorization by congress and therefore the bill is a con job before it even begins... just by the title. You and I are already getting screwed after the first four words. But lets go on any way.National Defense Authorization Act
This is a brief summary of the amendment. Its saying that the amendment in question is about spending money on military actions, and such actions are to be delegated to the Department of Defense as the department to get the funding to ensure the execution of the military actions. BUT, it also includes the phrase "and for other purposes" to completely destroy any solid meaning one might have derived from the text. So it doesn't really mean anything because the snake oil salesmen aka senators need an opening to inject any venom they wish into any legislation of their choice. Moving on:SA 1414. Mr. LEVIN (for Mr. Menendez (for himself and Mr. Kirk)) proposed an amendment to the bill S. 1867, to authorize appropriations for fiscal year 2012 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; as follows:
So there is the descriptive title. The implication there is that if you are someone dealing with the Iran banking industry, you better do what the military men say in the text or you will be assaulted by them and killed on the slightest whim.IMPOSITION OF SANCTIONS WITH RESPECT TO THE FINANCIAL SECTOR OF IRAN
So here its telling us about how the Treasury Department is pissing away Americans wealth by figuring out who is doing paperwork they don't approve of on the other side of the planet. Its saying Iran bankers are involved in doing all kind of unapproved paperwork. So what? So, lets go on and find out what...(1) On November 21, 2011, the Secretary of the Treasury issued a finding under section 5318A of title 31, United States Code, that identified Iran as a jurisdiction of primary money laundering concern.
CBI stands for the Central Bank of Iran. The text is saying how Iran has ignored US laws in its dealing with several international banks.(2) In that finding, the Financial Crimes Enforcement Network of the Department of the Treasury wrote, ``The Central Bank of Iran, which regulates Iranian banks, has assisted designated Iranian banks by transferring billions of dollars to these banks in 2011. In mid-2011, the CBI transferred several billion dollars to designated banks, including Saderat, Mellat, EDBI and Melli, through a variety of payment schemes. In making these transfers, the CBI attempted to evade sanctions by minimizing the direct involvement of large international banks with both CBI and designated Iranian banks.''.
This is saying how the United States Treasury department is involving itself into terrorism investigations. It offers no explanation of why a bunch of accountants are doing work that has nothing whatsoever to do with accounting. It says its investigations reveal that groups are posing terrorist financing, which means they are pretending to finance terrorists or that they have a bad attitude where they just might offer terrorists some financing. It then says Iran is doing "proliferation financing". There really isn't such a word or phrase since nobody is using that to mean anything, but technically the UN made up the term in their following 2008 report:(3) On November 22, 2011, the Under Secretary of the Treasury for Terrorism and Financial Intelligence, David Cohen, wrote, ``Treasury is calling out the entire Iranian banking sector, including the Central Bank of Iran, as posing terrorist financing, proliferation financing, and money laundering risks for the global financial system.''.
It isn't really clear "proliferation" has to be WMDs. Look at the following report that calls any and all medium or long range missiles "proliferation":
So, the US Treasury department is saying they pissed away US tax dollars figuring out that bankers in Iran were giving out loans for missiles or WMDs of some sort. Seems like a questionable claim since that work would clearly have nothing to do with US Treasury accounting.
They go on saying that the US Treasury department pissed away yet more of our money figuring out that there are "money laundering risks for the global financial system" centered on Iran. So, we've gone from actual money laundering now to simply the risk of money laundering. A few sentences back the laundering was stated as a fact, and now its stated as a mere "risk". Which is it? Furthermore, what exactly is the risk to the global financial system? Is that a code phrase meaning there risk is that the CIB will compete with the Federal Reserve, so we need US senators to do that private corporation a favor and blow up its competition using the US DOD arsenal?
Thats all the time I have for today. My question for Rand Paul so far is: Why is the US Treasury tracking the transactions of foreign banks? Is that what the US treasury is supposed to be doing? Spying on foreign banks? That is off the wall nuts. I don't know whats dumber. Using the US Treasury department money to go halfway across the world watching banking cubicle workers press buttons in Iran, or the concept that we are supposed to engage in military action against Iran over paperwork the US Treasury finds offensive.