Wednesday, February 3, 2010

Update: Iran Sanctions Bill

Imports of carpets from Iran may be prohibited in the near future. Last week, the Senate passed the Comprehensive Iran Sanctions, Accountability, and Divestment Act (S.2799) which expands the Iran Sanctions Act of 1996. The Act prohibits the U.S. government from contracting with companies that export sensitive communications technology to Iran and provides codification of the U.S. ban on trade with Iran. In December 2009, the House passed the Iran Refined Petroleum Sanctions Act of 2009 (H.R. 2194). Although the bills contain many of the same provisions, they must be reconciled in conference to work out differences and passed again by the Senate and House before it can be signed into law by the President. The Senate version contains export control provisions, not included in the House bill. There are also several amendments proposed. Stay tuned for more!

Click HERE to read S.2799
HERE to read H.R. 2194

No comments: