WATCH: Montgomery County Congressman Leads Taskforce On Iran Deal: 'They Sponsor Terror'

The local lawmaker in charge of the bipartisan Task Force to Investigate Terrorism Financing in U.S. Congress said Wednesday that Iran is still a significant state sponsor of terrorism and that the deal recently reached does not go far enough in inhibiting the Islamic Republic’s financing of terrorists.

“It appears this agreement fails to address the realities of Iran’s sponsorship of terror,” said Montgomery and Bucks County’s U.S. Rep. Mike Fitzpatrick (R-PA 8). “And (the deal) further empowers Iran’s mullahs by infusing billions of dollars into its economy by lifting the sanctions that brought Iran to the negotiating table in the first place.”

Fitzpatrick specifically takes issue with the $150 billion held abroad, as a result of imposed sanctions, that would be returned to Iran under the new deal.

He claims that $22 million of those funds are owed to victims of the 9/11 attacks, which include Montgomery County residents, because he believes Iran supported al-Qaeda in the months leading up to the attack.

He points to a federal case - Havlish, et al. v. bin Laden - which he said found Iran culpable for damages.

On Thursday, the morning after the task force announced their findings, approximately 10,000 people gathered in New York City for a ”Stop Iran Rally” urging Congress to reject the deal.

Politicians, journalists, and other leaders spoke at the event decrying the deal, with some fearing that it that symbolized some kind of surrender to the enemy.

“We know what it means to live in the shadow of death and emerge victorious,” said Caroline Glick, the Senior Editor of the Jerusalem Post, who was one of many speakers firing up a raucous crowd with an impassioned speech.

But while the deal eases sanctions on Iran and would almost certainly lead to a more economically prosperous Iran, it also makes it nearly impossible for Iran to develop a nuclear weapon.

The White House said that without the proposed deal, Iran has the capability to develop a nuclear bomb within two to three months.

Under the new deal, however, the Obama administration says that all pathways toward gaining the materials necessary for a bomb are blocked.

“The fact is that Iran now has extensive experience with nuclear fuel cycle technology,” Secretary of State John Kerry told the Senate Foreign Relations Committee on Thursday, per Yahoo News. “We can’t bomb that knowledge away. Nor can we sanction that knowledge away.”

Congress will eventually vote on whether or not to approve the deal.