WASHINGTON (AP) — Congress is taking up a bipartisan proposal which would give the Obama administration more leverage over Iran by toughening economic sanctions on foreign oil and shipping firms that aid Tehran.
A group of Democrats and Republicans introduced legislation Tuesday that would give the president expanded authority to crack down on companies that export gasoline and other refined petroleum products to Iran.
The Senate bill is expected to pass because it has broad support from both Republicans and Democrats and is not opposed by the White House. A similar bill is expected to be introduced in the House.
Administration officials have signaled they would not block the proposal despite recent U.S. overtures to Iran. President Barack Obama and senior U.S. diplomats have directly appealed for Iran to cooperate in talks over the country’s feared nuclear buildup.
But Tehran has veered between interest and rejection. Iran has long insisted its nuclear efforts are for civilian energy purposes.
Despite its own large oil reserves, Iran now imports as much as 40 percent of its gasoline because it has limited capacity to refine crude oil.
In the House, the Financial Services Committee on Tuesday approved an unrelated bill that enables state and local government to divest their public pension funds from companies investing more than $20 million in Iran’s energy sector and to take other actions to protest the Iranian government.
Under the Senate proposal, the foreign companies could be barred from doing business in the United States unless Iran complies with international demands to halt its suspect nuclear program. The bill would also allow the administration to freeze the assets of those companies under U.S. jurisdiction.
The measure could apply to several major firms and their subsidiaries — among them oil giants Shell, BP, Reliance and Vitol. The bill would also target shipping firms that deliver refined fuel to Iran and even insurers for the ships.
“We need to give them a choice: you can do business with Iran’s $250 billion economy or our $13 trillion economy, but not both,” said Sen. Jon Kyl, R-Ariz., who is a lead sponsor of the bill along with Sens. Evan Bayh, D-Ind. and Joe Lieberman, I-Conn. There are 25 co-sponsors.
Lieberman said he had raised the matter with Dennis Ross, the U.S. special envoy who deals with Iran policy, and Ross had not objected. Ross is currently visiting Gulf nations to discuss the administration’s overtures with Iran’s neighbors and could not be reached for comment.
The State Department would not discuss the specifics of the bill but said it was generally supportive of any move that would help press Iran to address concerns it is trying to develop nuclear weapons.
Iran has repeatedly denied it is seeking to build a nuclear weapon and is only engaged in a civilian atomic energy program.
“We want to do whatever we can to put additional pressure on the (Iranian) government,” said State Department spokesman Robert Wood.
Bayh and other proponents of the legislation said the expanded sanctions authority would fit in well with Obama’s plan to engage Iran by providing him an additional “stick” in the existing “carrot-and-stick” approach on the Iranian nuclear program.
“The purpose of this legislation is to give President Obama a new tool in his diplomatic arsenal to stop Iran from getting nuclear weapons,” said Bayh.
Experts believe that Iran is three to four years away, some think sooner, from having the capability to make nuclear weapons. The five permanent members of the U.N. Security Council — Britain, China, France, Russia and the United States — as well as Germany have offered the country incentives to stop reprocessing uranium that could fuel a nuclear bomb.
Iran has thus far ignored the offer and continues to amass enriched uranium, sparking grave fears in Israel, which has not ruled out military strikes to deal with the threat, the broader Middle East and elsewhere.
Bayh and others said their bill would provide the “best opportunity” to stop Iran from getting the bomb “without a resort to military force.”
First 100 Days
Day 100: Congress looks to bolster Iran sanctions
- First 100 Days
-
- Day 100: Congress looks to bolster Iran sanctions Congress is taking up a bipartisan proposal which would give the Obama administration more leverage over Iran by toughening economic sanctions on foreign oil and shipping firms that aid Tehran.
- Day 100: Obama: Schools with infections may need to close President Barack Obama suggested Wednesday that school closings may be necessary, in an escalating global health emergency that claimed the first death in the United States and swept Germany onto the roster of afflicted nations.
-
Day 100: Obama, Biden, welcome Specter to Democratic Party
President Barack Obama on Wednesday hailed Arlen Specter’s conversion to the Democratic Party, while Specter vowed that he’ll be an asset as Obama tries to get his ambitious agenda through Congress.
Obama said, “I am grateful that he is here.” - Day 100: Treasury again increases auctions of 30-year bonds The Treasury Department will boost the number of times it auctions 30-year bonds to 12 times a year in another move to cope with the government’s soaring debt.
- Day 100: Obama: Schools with infections may have to close President Barack Obama said Wednesday that schools with confirmed cases of swine flu should consider closing.
-
Day 99: Obama’s to visit FBI headquarters on Tuesday
President Barack Obama meets with FBI Director Robert Mueller and other top FBI officials at the agency’s Washington headquarters on Tuesday.
Later, the president will speak to FBI employees. - Day 99: Gov’t: Stern border enforcement not yet necessary Homeland Security Secretary Janet Napolitano said Tuesday the policy of passive surveillance for swine flu at U.S. airports and land ports “makes sense” and sterner steps are not yet necessary.
- Day 99: FDA approves emergency rules for antiviral drugs The Food and Drug Administration has issued emergency guidance that allows certain antiviral drugs to be used in a broader range of the population in case mass dosing is needed to deal with a widespread swine flu outbreak.
- Day 99: First lady to honor abolitionist Sojourner Truth Sojourner Truth, a former slave who met with Abraham Lincoln and was an early crusader for women’s right to vote and an end to slavery, is the first black woman to be honored with a bust at the Capitol.
- Day 99: PROMISES, PROMISES: Miles to go, promises to keep President Barack Obama has not yet achieved the big campaign promises he’ll be judged on years from now, on health care, war, the economy and so much more. It’s early, it’s a colossal load and Rome wasn’t built in 100 days.
- More First 100 Days Headlines







