Senate Passes AIPAC Sponsored Iran Sanctions Act

Last week the Senate passed legislation to impose economic sanctions against Iran. The House version of the bill sponsored by Reps. Barney Frank and Mark Kirk passed in December. There is a separate Petroleum Sanctions act sponsored by Ileana Ros Lehtinen and Howard Berman that passed the House in October. The Senate bill was sponsored by Democrat Chris Dodd and Republican Richard Shelby. The sanctions would target oil which Iran's economy is dependent on. The bill would also ban trade with companies that do business with Iran. The President has not stated whether he will sign the bill into law but did warn Iran that it would suffer "growing consequences" if they ignored international obligations. Obama introduced similar legislation when he was Senator.
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Posted by Editor at February 8, 2010 04:09 AM