Senators Introduce Bill to Place Total Export Embargo on Iran
A group of Senators introduced a bill to impose a total export embargo on Iran May 22. as punishment for what they called Iran’s pursuit of nuclear weapons, terrorism sponsorship and human rights violations. The Iran Export Embargo Act, introduced…
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by Sens. John Cornyn, R-Texas, and Mark Kirk, R-Ill., would prohibit the purchase or transfer of goods and services from any entity owned or controlled by the Iranian government. Iran has continued to pursue nuclear weapons capability, sponsored terrorism, violated human rights and aided North Korea’s nuclear and missile programs, said a statement from Cornyn’s office. “The time for maximum pressure on the Iranian regime is now, before the only option left on the table is the military one,” the statement said. “Put simply, countries and companies around the world will be forced to choose -- stop doing business with the government of Iran or stop doing business in the United States of America.” The bill would ban all transactions on behalf of such entities for the purpose of exports from Iran. The bill would block all assets -- as well as prohibit insurance or reinsurance -- of entities deemed to be government-controlled.