Banking Committee Approves Comprehensive Iran Sanctions, Accountability and Divestment Act

The Senate Banking Committee “unanimously approved legislation on Thursday that would allow the White House to impose stronger sanctions on Iran,” the New York Times reports.

The Senate bill, passed a day after the House Foreign Affairs Committee passed a similar measure, would authorize sanctions against companies that provide the country with refined petroleum products and ban most trade between the two countries, exempting food and medicine.

The measure would also bring more types of companies under sanctions that currently apply to businesses with heavy investments in Iran’s oil and gas sector and require the White House to freeze assets of Iranians known to be active in terrorism.

The bill is the Comprehensive Iran Sanctions, Accountability and Divestment Act.

(credit image – getty)

1 Comment

Filed under Iran

One response to “Banking Committee Approves Comprehensive Iran Sanctions, Accountability and Divestment Act

  1. Ryder

    You have to be friggin’ kidding. Iran talks are more important than the unemployed Americans? Who ever said the damn politicians have brains. All they have is LOTS of money and therefore don’t give a hoot about any of us who are suffering. All our tax dollars are in their pockets. Let’s pick pocket and see how much we come up with!!

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