2011 (A08668) among others. In May 2012, Wallace along with Meir Dagan, August Hanning, R. James Woolsey, Lord Charles Guthrie and Kristen Silverberg co-authored an op-ed in The Wall Street Journal calling for "the most robust sanctions against Iran in history" as a means "for the international community to truly isolate the regime." Wallace described a proposed strategy to implement such sanctions during testimony before the U.S. House Committee on Foreign Affairs on May 17, 2012, by proposing legislation focused on four areas, namely Banking, Insurance and Reinsurance, Disclosure and Debarment and Shipping (UANI BIDS) in order to achieve an "economic blockade" of Iran. In an October 2012 profile on UANI in NBC News by chief foreign correspondent Richard Engel and Robert Windrem, Wallace stated, "Our message is clear: You have to choose between doing business with our checkbook or their checkbook—with the reality being we're the biggest checkbook in the world. Notwithstanding the purported demise of the United States, we're still the biggest checkbook in the world." Wallace and UANI advocated against the Joint Comprehensive Plan of Action (JCPOA) nuclear agreement between the P5+1 and Iran. In the New York Times, Wallace said, "Americans have been presented with a false choice: diplomacy or war," in a cynical effort to frame opponents of the deal as warmongers. Following the implementation of the JCPOA, UANI launched an educational and advocacy campaign calling on international companies to not do business in Iran. In the Financial Times Wallace said, "As they get on a plane to Tehran, companies need to have a hard look at the business risk… The risk profile has not fundamentally changed." In November 2015, UANI published an open letter in the Financial Times signed by dozens of prominent defense and foreign policy experts calling on the global business community to consider the substantial risks of business ties in Iran. By July 2016, Politico reported that within the past six months, UANI had sent more than 200 letters to companies exploring or engaged in business in Iran. Wallace commented, "We wanted to professionally and thoroughly spread the word ... of the enormous risk still associated with Iran." In June 2016, UANI released an open letter signed by high-ranking former government officials and policy experts calling on the Financial Action Task Force (FATF) to keep Iran on its blacklist and "maintain and strengthen counter-measures against Iran" as a threat to the