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Vance ‘confident’ Treasury can waive Iran oil sanctions without Congress
Vance said a Justice Department opinion backs temporary sanctions relief, while lawmakers questioned the $300 billion reconstruction fund and the lack of congressional review.
Vice President JD Vance said the White House can lift oil sanctions on Iran without needing Congress' approval, citing a legal opinion from the Justice Department's Office of Legal Counsel.
Republican lawmakers criticized the peace deal's economic relief, including a $300 billion fund for Iran's reconstruction provided by regional countries, not U.S. taxpayers.
Lawmakers were not given the 14-point agreement before it was signed, with briefings to Congress planned soon but possibly delayed due to the House being out of session.
Vance stated that lifting some sanctions will help track Iran's financial transactions, which he called beneficial for Americans, and emphasized only some sanctions need congressional approval.