Rattling The Congressional Saber At Iran

Law360, New York (November 25, 2009, 11:56 AM EST) -- Congress is working to inflict greater economic pain on Iran unless it abandons its nuclear weapon ambitions. Recently, key committees in the Senate and the House of Representatives advanced legislation to:

- Authorize states and localities to divest from companies that do business in Iran’s energy sector;

- Toughen the Iran Sanctions Act, which would allow the president to punish even non-U.S. companies that help sustain Iran’s critical petrochemical industry; and

- Expand sanctions against Iran generally, potentially with consequence for financial institutions, communications companies and...
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