House Foreign Affairs Adopts 2 Sanctions Bills for Iran, Other Rogue Nations
On November 2, 2011, the House Foreign Affairs Committee adopted, as amended, two bipartisan bills1 aimed at strengthening and expanding U.S. sanctions on Iran and other rogue regimes.
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The Iran Threat Reduction Act (H.R. 1905), which has 345 cosponsors, would update and replace previous Iran sanctions laws to ensure that current law vigorously addresses the multiple threats posed by Iran. According to Chairman Ros-Lehtinen, the bill is designed to clamp new and tougher sanctions on Iran’s energy sector, threatening the regime’s existence if it refuses to halt its nuclear weapons program and close loopholes in energy and financial sanctions. The bill would also target the Iranian Revolutionary Guards Corps and senior Iranian regime officials.
The Iran, North Korea, and Syria Nonproliferation Reform and Modernization Act (H.R. 2105) would expand sanctions on those assisting Iran, North Korea, and Syria in the development of their dangerous weapons programs, including their nuclear programs.
Committee press release with link to mark up summary, which includes text of all amendments made in order, is available here