United States: Senate to vote on Iran sanctions renewal this week

Author(s): Patricia Zengerle | Date: November 29, 2016 | Language: English
Source: http://www.reuters.com/ | URL: https://goo.gl/dmxJxr | Type: Text

The Senate will vote this week on a bill that would renew sanctions on Iran for 10 years, Senator Mitch McConnell, the chamber’s Republican leader, said on Tuesday in remarks as he opened the daily session.
If the extension of the Iran Sanctions Act (ISA) is passed as expected, it would be sent to the White House, where President Barack Obama is expected to sign it into law.
The House of Representatives voted overwhelmingly last month for the extension of the ISA, first passed in 1996 to punish investments in Iran’s energy industry and deter the country’s pursuit of nuclear weapons.
The act will expire at the end of 2016 if not renewed.
The Obama administration and other world powers reached an agreement last year in which Tehran agreed to curb its nuclear program in exchange for sanctions relief.

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