Today, the United States is continuing to build its maximum pressure campaign against the Iranian regime. I am announcing our intent to designate the Islamic Revolutionary Guard Corps, including its Quds Force, as a foreign terrorist organisation, in accordance with section 219 of the Immigration and Nationality Act. This designation will take effect one week from today.
This is the first time that the United States has designated a part of another government as an FTL. We're doing it because the Iranian regime's use of terrorism as a tool of statecraft makes it fundamentally different from any other government. This historic step will deprive the world's leading state sponsor of terror the financial means to spread misery and death around the world.
Businesses and banks around the world now have a clearer duty to ensure that companies with which they conduct financial transactions are not connected to the IRGC in any material way. It also gives the US government additional tools to counter Iranian-backed terrorism.
This designation is a direct response to an outlaw regime and should surprise no one. For 40 years, the Islamic Republic's Revolutionary Guard Corps has actively engaged in terrorism and created, supported, and directed other terrorist groups. The IRGC masquerades as a legitimate military organisation. But none of us should be fooled.