Sen. Ted Cruz, R-Texas, criticized recent news of former President Barack Obama's deal with Iran as a "devil's bargain." (AP Photo/J. Scott Applewhite, Pablo Martinez Monsivais)

Sen. Ted Cruz, R-Texas, condemned actions taken by the Obama administration that gave Iran access to the U.S. financial system and subsequent untruths administration officials delivered about the role that access played in negotiating the Joint Comprehensive Plan of Action.

Despite senior Obama administration officials testifying that "Iranian access to the U.S. financial system was not on the table" during negotiations of President Barack Obama's nuclear agreement with Iran, "the U.S. Department of the Treasury, at the direction of the U.S. State Department, granted a specific license that authorized a conversion of Iranian assets worth billions of U.S. dollars using the U.S. financial system," a Wednesday report from Republicans on the Senate Permanent Subcommittee on Investigations claims.

"The Obama Iran nuclear deal was a devil's bargain, but one exclusively designed to help the devil," Cruz said in a statement responding to Wednesday's report. "The Obama administration covertly greased the nuclear deal with bribes and secret agreements that made it even worse for America. Over the years we've discovered some of them: There was the nuclear side deal to let Iran inspect itself. There was the ransom deal that gave Iran $1.7 billion in cash. There were several wire transfers from America to Iran, ranging from roughly $1 million to $10 million, including a purchase of excess nuclear-related material that Iran never should have been producing and America did not need from them."

Cruz noted that "the Obama administration was even working in secret to circumvent the weaker sanctions left over from the nuclear deal - and they were lying to Congress about it."

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"They subordinated American law and the U.S. financial system to the deal, hatching a scheme that would have put the U.S. dollar and U.S. banks to work moving money for the Iranians," he continued.

The Texas Senator said the government owes "it to the American people to get to the bottom of whatever else the Obama administration sacrificed at the altar of the Iran deal."

Cruz said it is time to give the public access to "all of the many unclassified documents outlining what Iran was actually promised," in order to discover other possible, "secret agreements" within the JCPOA.