Lawmakers Want Iran Ties Of US Cos. Disclosed To SEC

Law360, New York (January 31, 2012, 7:19 PM EST) -- Lawmakers on Monday proposed legislation targeting Iran’s nuclear program by forcing publicly traded U.S. companies to disclose to the U.S. Securities and Exchange Commission Iran-related activities in the energy, banking, technology and defense sectors, among others.

The Senate Banking Committee circulated the draft legislation, called the Iran Sanctions Accountability and Human Rights Act, which would require firms to disclose to the SEC any engagements with Iran which may be subject to U.S. sanctions. The legislation was introduced by Senate Banking Committee Chairman Tim Johnson, D-S.D., and Ranking...
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