“By enacting this law, Florida is leading the way in combating terrorism,” said Senator Sachs. 

Senator Sachs joins members of the Jewish Federation at the bill signing ceremony.

Senator Maria Sachs joined members of the Jewish Federation of South Palm Beach County to mark the signing of Senate Bill 792, “The Financial Institutions Act.”

“When it comes to protecting Israel there are no Democrats or Republicans, there is only a focus on protecting our most important ally.  This must be our number one priority”

 

The security of Israel is protected through measures included in this new law.

On a recent trade mission to Israel, Senator Sachs discusses our continual support of Israel with Prime Minister Benjamin Netanyahu.

On a recent trade mission to Israel, Senator Sachs discusses our continual support of Israel with Prime Minister Benjamin Netanyahu.

The bi-partisan measure imposes new rules on state-chartered financial institutions to certify that their corresponding banks are not engaged in federally-prohibited activities with Iranian-linked counterparts. The financial restrictions would also apply to any other terrorist organization designated by the United States.

Map courtesy of AIPAC.

Map courtesy of AIPAC.

The intent of the law is to keep Iranian-financed terrorists from laundering money through banks chartered in Florida and to prevent Iran from developing nuclear weapons. Iran already possesses missiles that can carry a nuclear or chemical warhead a distance of 1500 miles, posing a major to Israel and U.S. interests in the Persian Gulf. Tehran is currently developing missiles that could reach the United States. Iran is also actively training and financing terrorist groups dedicated to Israel’s destruction.