Iran General NewsUS lawmakers to push new Iran sanctions

US lawmakers to push new Iran sanctions

-

AFP: Amid anti-government protests in Iran, a group of US lawmakers said late Tuesday they would introduce legislation aimed at tightening economic sanctions on the Islamic republic.

WASHINGTON (AFP) — Amid anti-government protests in Iran, a group of US lawmakers said late Tuesday they would introduce legislation aimed at tightening economic sanctions on the Islamic republic.

The measure would require US companies to disclose any of their or their affiliates’ investments in Iran that violate existing US sanctions laws in their quarterly or yearly reports to the US Securities and Exchange Commission.

The bill would also require US banks to report activities by their foreign correspondent banks — effectively intermediaries able to do business in Iran — that may fall afoul of US laws.

Democratic Senator Kirsten Gillibrand, Republican Senator Mark Kirk, Republican Representative Dan Burton and Democratic Representative Ted Deutch were to detail their proposal on Wednesday.

But in a statement late Tuesday they charged that at least eight publicly listed companies, and 18 US banks either directly or indirectly invested in Iran. They did not name the firms involved.

Latest news

Iran: Raisi’s Six-Month Economic Record Contrasts Sharply With His 7,000-Page Program

In the summer of 2021, the Iran regime’s supreme leader Ali Khamenei installed the infamous Judiciary Chief Ebrahim Raisi...

Iran’s Export in the Casino of the State Mafia

The Chairman of the Tehran Chamber of Commerce, Mohammad Khansari, has stated that the total volume of exports of...

Will Iraq Get Ever Free of Iran’s Sway?

After many years and massive popular protests, there are indications that Iraq’s body politic has decided to separate its...

Tehran Downplays Real Statistics of Car Accident Fatalities

The number of road accidents and fatalities in Iran has significantly increased during recent weeks. However, this is not...

The JCPOA and the Capitulation of Iran

Iran’s government is trying to depict a strong position in its international relations and actions, especially during the nuclear...

Iran Government’s Serious and Incurable Crises

Over the past years Iran’s incurable crises have led to increased protests, and every new year the regime is...

Must read

U.N. watchdog chief seeks nuclear clarity in Iran trip

Reuters: The U.N. nuclear watchdog chief heads for Iran...

Gates ‘warns White House’ over Iran nukes policy

AFP: US Defense Secretary Robert Gates has warned the...

You might also likeRELATED
Recommended to you