Today, Congressman Scott Murphy (NY-20) helped pass legislation to impose comprehensive sanctions on Iran and send a message that the United States will not tolerate its efforts to obtain weapons of mass destruction, and its failure to recognize universal human rights. The Comprehensive Iran Sanctions, Accountability and Divestment Act adds sanctions on non-petroleum products, foreign banks that do business with blacklisted Iranian institutions, and imposes more penalties on the regime.
"At a time when the Iranian regime is suppressing free speech and seeking weapons of mass destruction, these sanctions send a strong, clear message that their bullying will no longer be tolerated," said Rep. Murphy. "Iran's dangerous pursuit of nuclear weapons and human rights abuses must be met with a united front from the international community. It remains central for the stability of the region that the Iranian regime be held accountable."
The Comprehensive Iran Sanctions, Accountability, and Divestment Act is by far the most comprehensive Iran sanctions legislation Congress has ever passed. The legislation:
* Add sanctions on refined petroleum and broadens the categories of sanctionable activities beyond refined petroleum (for example, it plugs a critical gap in our sanctions regime by imposing sanctions on foreign entities that sell Iran technology, services, or know-how that help Iran develop its energy sector);
* Sanctions foreign banks that deal with the Islamic Revolutionary Guard Corp or with other blacklisted Iranian institutions, including Iranian banks involved with WMD or terrorism by shutting them out of the US financial system; US banks would not be allowed to deal with them;
* Imposes penalties on Iran's worst human-rights abusers and sanctions foreign entities that provide Iran with the means to stifle freedom of expression, with an exception to the export of software and services for personal communications and internet access.