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House Approves Sanctions Measures Aimed at Iran, Syria
By Colby Adams
printThe U.S. House of Representatives Wednesday overwhelmingly approved bills that would restrict loans and interbank transfers of credit involving entities that facilitate Iran's petroleum and weapons trade. The Iran Threat Reduction Act (ITRA), which passed the House by a vote of 410-11, would also limit certain export licenses and allow the White House to curtail Export-Import Bank credit extensions. Loans to sanctioned individuals and companies would potentially be limited to $10 million, under the measure. The bill, which has yet to be considered by the Senate, would affect entities that invest $20 million or more in Iran's energy sector, provide...
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