Apr. 16, 2014 3:36 am
Question
Welcome!
|
||
Logout|My Dashboard

House committee passes Iran sanctions legislation

Print
Font Size:
Default font size
Larger font size

Posted: Wednesday, May 22, 2013 1:00 pm | Updated: 1:21 am, Thu May 23, 2013.

WASHINGTON (AP) — A new push to thwart Iran's nuclear ambitions by crippling the country's economy is gathering momentum on Capitol Hill.

The House Foreign Affairs Committee approved legislation Wednesday that would impose even tougher economic sanctions against Tehran. The bill seeks to further curb Iran's oil exports, limit Tehran's access to overseas foreign currency reserves, and expand the list of blacklisted Iranian companies.

The U.S. and other world powers fear Iran's production and stockpiling of uranium enrichment is aimed at developing a nuclear weapon. Iran insists its work is for peaceful purposes.

Congress has slapped penalties on Iran four times since June 2010.

The committee's Nuclear Iran Prevention Act seeks to close any loopholes in existing sanctions and increase the pressure on Iran's leaders to give up their nuclear program.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Rules of Conduct

  • 1 Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
  • 2 Don't Threaten or Abuse. Threats of harming another person will not be tolerated. AND PLEASE TURN OFF CAPS LOCK.
  • 3 Be Truthful. Don't knowingly lie about anyone or anything.
  • 4 Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 5 Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
  • 6 Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Welcome to the discussion.

Marketplace