Congress to Hold Off on Iran Sanctions Bill

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Congressional leaders “putting together a new round of U.S. sanctions against Iran say they will defer final action to give the United Nations and the European Union a chance to take multinational action against Iran,” the AP reports.

Senate Banking Committee Chairman Chris Dodd and House Foreign Affairs Committee Chairman Howard Berman say they will await the outcome of a draft U.N. Security Council resolution and follow-up EU action before advancing their bill punishing Iran over its pursuit of nuclear weapons.

They say that tough multilateral sanctions are the most effective means to persuade Iran to cease its nuclear program.

They said they “remain committed to passing their package of U.S. sanctions, which among other things would move to block exports to Iran of certain refined petroleum products, by the second half of June.”

(credit image – daylife/getty)

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