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US Bill to Prevent Easing of Sanctions on Iran | ASHARQ AL-AWSAT English Archive 2005 -2017
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US Bill to Prevent Easing of Sanctions on Iran


US Bill to Prevent Easing of Sanctions on Iran

US Bill to Prevent Easing of Sanctions on Iran

On Thursday, the House Foreign Affairs Committee endorsed a bill that would restrict easing sanctions on Iran and grant the congress the ability to better monitor the nuclear deal concluded by US, the world powers and Iran regarding its nuclear program.

Congressman Steve Russell (OK-5) has authored – The Iran Terror Finance Transparency Act, which restricts lifting the sanctions imposed on figures, companies, and bodies involved in supporting Iran’s program on ballistic missles, which was imposed previously on Iran by US Treasury.

The Republican-led House of Representatives Foreign Affairs Committee approved the measure by a voice vote, setting it up for consideration by the full House next week.

However, the Democratic administration deplored what they characterized as an attempt by Republicans to violate terms of the nuclear deal with this new legislation, and the Obama administration viewed the bill as a direct attack on the Iran nuclear deal.

Nevertheless, Congressional secretaries said they are expecting the administration to eventually impose new sanctions on Iran over the ballistic missile program.

On the subject of sanctions, the United States also imposed sanctions on Thursday on Lebanese businessman Ali Youssef Charara and his telecommunications company, saying that he funded the militant group Hezbollah.

The U.S. sanction will freeze all assets of Charara and his company that are in the United States or in the control of Americans, and prohibit Americans from engaging in transactions with them.

What’s more is that the U.S. Treasury Department announced that Charara, chairman and general manager of Lebanon-based Spectrum Investment Group

Holding SAL, has received millions of dollars from Hezbollah to invest in commercial projects that support the group.

Hezbollah, the political and military group backed by Syria and Iran that enjoys considerable power in Lebanon, has long been named as a terrorist organization by the United States.