Iran General NewsSanction bill against Iran advances in Congress

Sanction bill against Iran advances in Congress

-

AP: As Iran appears to move closer to resuming nuclear activities, support has been quietly building in Congress for new US sanctions, including penalties that could affect multinational companies and recipients of US foreign aid.
Associated Press

WASHINGTON – As Iran appears to move closer to resuming nuclear activities, support has been quietly building in Congress for new US sanctions, including penalties that could affect multinational companies and recipients of US foreign aid.

The legislation would put the United States on a more confrontational course than the one thus far pursued by President George W. Bush’s administration. Bush has supported European efforts to offer Iran incentives in exchange for abandoning its nuclear program.

More than 200 members of the House of Representatives, almost half the body, are co-sponsoring a bill that would tighten and codify existing sanctions, bar subsidiaries of US companies from doing business in Iran and cut foreign aid to countries that have businesses investing in Iran.

Additional lawmakers, Republicans and Democrats, are adding their names to the bill every week.
The bill faces big hurdles before becoming law. Support may not be as strong in the Senate, which is considering a more limited version of the bill. Key lawmakers in both chambers could block the legislation. The White House has not taken a position, but generally opposes congressional efforts to steer foreign policy.

Ray Takeyh of the Council on Foreign Relations said unilateral sanctions imposed by Congress could hurt US-EU cooperation if they penalize European companies doing business in Iran.

He said it would be difficult for Bush to say he supports EU diplomacy, “but we are going to sanction the following British, French and German firms.”

The EU objected to a 1996 law that called for penalties against foreign firms that invested more than $20 million a year in Iran’s energy sector. Seeking European cooperation on Iran, neither Bush nor his predecessor, Bill Clinton, penalized companies.

The House bill now goes before the full International Relations Committee and the Senate bill to its counterpart, the Foreign Relations Committee. The chairmen of both panels, Rep. Henry Hyde and Sen. Dick Lugar, both Republicans, tend to be skeptical about sanctions and are likely to give strong weight to the administration’s viewpoint.

Latest news

Death Sentence Issued for Iranian Political Prisoner Amirhassan Monfared

Amirhossein Akbari Monfared, a 27-year-old political prisoner held in Tehran's Evin Prison, has been sentenced to death by Judge...

Thirteenth Night of CENTCOM Strikes; Southern, Western, and Central Iran Under Fire

The U.S. Central Command (CENTCOM) announced early Friday, July 24, the conclusion of the thirteenth consecutive night of military...

Three European Embassies in Tehran Evacuate Staff Amid Escalating Regional Tensions

Amid escalating tensions between the Iranian regime and the United States, the United Kingdom, France, and Germany have withdrawn...

Tracing $100 Million Worth of Properties Attributed to Mojtaba Khamenei

The U.S. government has announced the launch of a new phase in identifying the hidden wealth of senior leaders...

Power Outages Plunge Iran into Darkness

Amid wartime conditions, the Iranian regime has imposed widespread power outages on citizens and manufacturers while dramatically increasing energy...

Water Crisis and Water Rationing in Iran

The water crisis in Iran has reached a stage where water outages in various cities have become a daily...

Must read

White House warns shutdown hits Iran sanctions

AFP: The White House warned Friday that the office...

Iran calls UN sanctions illegal, offers a proposal for talks

AP: Iran's new offer for international talks touches on...

You might also likeRELATED
Recommended to you