Senate Greenlights Tighter Iran Sanctions

Law360, New York (November 30, 2012, 3:35 PM EST) -- The U.S. Senate on Friday overwhelmingly approved tougher economic sanctions on Iran, the latest bid to halt the country's suspected nuclear weapons program.

The Senate voted 94-0 in favor of an amendment to the annual defense authorization bill that allows the U.S. to financially penalize foreign businesses for doing business with Iran's energy, port, shipping and ship-building sectors. The amendment called these industries "entities of proliferation concern."

The amendment — authored by Sens. Robert Menendez, D-N.J.; Mark Kirk, R-Ill.; and Joe Lieberman, I-Conn. — also designates...
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