Congress pushing new sanctions against Iran by summer recess
Congress is trying to finish up another sanctions package against Iran before its summer recess starts next week.The sanctions, which have been in the works for more than seven months, are designed to crack down on transactions with Iran's national oil and tanker companies, and to hamper the ability of Iranian banks to transfer funds electronically.I trust that if the sanctions pass (the report - which is from Reuters - goes on to refer to the possibility of 'partisan wrangling' derailing the bill), 'the
"I've been clear I expect the negotiations to conclude soon so we can further tighten these sanctions against Iran," US Senate Majority Leader Harry Reid said on Wednesday.
"It's a critical tool to help stop Iran's nuclear weapons program and ensuring the security of our ally, the state of Israel," Reid said.
"It's a critical tool to help stop Iran's nuclear weapons program and ensuring the security of our ally, the state of Israel," Reid said.
The package builds on harsh US penalties for banks that deal with Iran and measures that helped slash Iran's oil sales - sanctions signed into law by President Barack Obama on December 31.
The Republican-controlled House of Representatives passed its version of the new sanctions back in December, while the Senate passed its version in May.
Since then, key lawmakers and their staff members have been trying to iron out differences in the bills, and to address loopholes on money transfers and insurance for oil cargoes.
"We are working to find an agreement that can pass both the House and Senate before the August recess," a Senate aide said. Three other congressional sources confirmed a deal was expected to be cinched before next Friday.
Labels: Barack Hussein Obama, Campaign 2012, Iran sanctions regime, United States Congress
posted by Carl in Jerusalem @ 8:48 AM
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