mr. mchenry: mr. speaker, i ask unanimous consent that all members may have five legislative days in which to revise and extend their remarks and include extraneous material on this bill. the speaker pro tempore: without objection. mr. mchenry: mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. mchenry: mr. speaker, i rise in support of h.r. 5923, the iran-china energy sanctions act, sponsored by mr. lawler. currently, iran is subject to a comprehensive set of sanctions. we know there are loopholes. under current law, the president is required to blacklist foreign financial institutions that undertake significant transactions with sanctioned iranian banks. however, we know that these significant transactions are leaving much of the country's energy trade untouched. last year iran's oil exports rose by 50%, reaching a five-year high. most of these exports went to china. mr. lawler's bill makes clear that any petroleum-related transaction be