Iran–Contra affair: Start of Congressional televised hearings in the United States.

The Iran–Contra affair, also referred to as the Iran–Contra scandal, the Contragate, Iran Initiative, or simply Iran–Contra, was a political scandal in the United States that centered on arms trafficking to Iran between 1981 and 1986, facilitated by senior officials of the Reagan administration. The administration hoped to use the proceeds of the arms sale to fund the Contras, an anti-Sandinista rebel group in Nicaragua. Under the Boland Amendments, a series of laws passed by Congress and signed by Ronald Reagan, further funding of the Contras by legislative appropriations was prohibited by Congress, but the Reagan administration continued funding them secretly using non-appropriated funds.