The congressional sanctions would be the toughest and most comprehensive sanctions ever enacted on Iran.
House and Senate lawmakers on Monday said they had reached a deal on a bill levying sanctions on firms that do business with Iran’s financial and energy sectors, The Wall Street Journal reported. The bill would cut off access to the U.S. market to firms that supply Iran with refined gasoline. It would also forbid any international banks that do any business with Iran from doing business with U.S. banks. “If applied forcefully by the president, this act will bring strong new pressure to bear on Tehran in order to combat its proliferation of weapons of mass destruction, support for international terrorism, and gross human rights abuses,” Sen. Christopher Dodd (D-CT.) and Rep. Howard Berman (D-CA), said in a joint statement. The bill is the most comprehensive and toughest piece of Iran sanctions legislation ever. A vote on the legislation is expected before the July 4 holiday recess.
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