News

Largely Unchanged, Proposed Iran Sanctions Advance in Reconciliation Vote

By Brian Monroe

U.S. senators Monday approved a reconciled defense appropriations bill that would sanction Iran's central bank, making only a single nod to White House concerns that the bill would displease trade partners. Senators signed off on a reconciled measure Monday night, clearing the way for a House vote this week. The omnibus bill includes a provision introduced by Sens. Mark Kirk (R-IL) and Robert Menendez (D-NJ) that would restrict business with Iran more than any other step since the June 2010 passage of the Comprehensive Iran Sanctions, Accountability and Divestment Act (CISADA). Under the measure, banks operating in the United States...

TO READ THE FULL STORY