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Johnson Hails Passage of Tough New Iran Sanctions Legislation

Press Release

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Location: Washington, DC

Senate Banking Committee Chairman Tim Johnson (D-SD) praised Senate passage of the Iran Threat Reduction and Syria Human Rights Act. The bipartisan, bicameral bill he coauthored will increase the economic pressure on Iran's leaders to abandon their illicit nuclear weapons activities and support for international terrorism. The Senate passed the measure by unanimous consent tonight and earlier this evening the House passed the bill by a vote of 421-6. It will now be sent to President Obama to be signed into law.

"As I have said before, the prospect of a nuclear-armed Iran is the most pressing foreign policy challenge we face, and we must continue to do all we can -- politically, economically, and diplomatically -- to avoid that result," said Chairman Johnson. "With passage of this bill, we are taking another significant step to block the remaining avenues for the Iranians to fund their illicit behavior and evade sanctions. The sanctions contained in this bill reach more deeply into Iran's energy sector than ever before, and build on the sweeping banking sanctions Congress enacted two years ago to reach to insurance, shipping, trade, finance and other sectors, targeting those who help to bolster Iranian government revenues which support their illicit nuclear activities."

The bill passed today is based on the Iran Sanctions, Accountability and Human Rights Act of 2012 (S. 2101), which passed with unanimous support in the Senate in May, and includes a number of new measures from both Democrats and Republicans to create a stronger, more effective and more comprehensive bill. The bill will give the Obama Administration new tools to use in its efforts to isolate Iran and prompt its leaders to end their illicit nuclear activities.

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