Press Contact: Aaron Hunter 202-225-2040

Email: davispress@mail.house.gov

Office Contact Information

U.S. House of Representatives
1526 Longworth House Office Building
Washington, DC 20515
Phone: (202) 225-2040
Fax: (202) 225-2948

2700 Adams Avenue Suite 102
San Diego CA 92116
Phone: (619) 280-5353
Fax: (619) 280-5311

Press Release

June 24, 2010

Contact: Aaron Hunter 202-225-2040

davispress@mail.house.gov

 

Congresswoman Susan Davis Votes to Strengthen Sanctions Against Iran

Bill would pressure Iran to end its nuclear program and support of terrorism

Washington – Congresswoman Susan Davis (D-San Diego) voted to strengthen sanctions against Iran in an effort to persuade them to abandon their nuclear ambitions and support of terrorism.  H.R. 2194, the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, would strengthen the underlying Iran Sanctions Act (ISA) by imposing an array of tough new economic penalties aimed at persuading Iran to change its conduct. 

“It is in the national security interests of the United States and our allies to compel Iran’s leaders to halt their nuclear program.” said Davis.  “Sanctions, combined with unified international diplomatic pressure, are our best hope for peacefully achieving this goal.”

Targets of the bill range from business entities involved in refined petroleum sales to Iran or support for Iran’s domestic refining efforts to international banking institutions involved with Iran’s Islamic Revolutionary Guard Corps (IRGC), Iran’s illicit nuclear program or its support for terrorism.

The bill would impose severe restrictions on foreign financial institutions doing business with key Iranian banks or the IRGC.  In effect, it would present foreign banks doing business with blacklisted Iranian entities a stark choice - cease your activities or be denied critical access to America’s financial system.  The bill would also hold U.S. banks accountable for actions by their foreign subsidiaries. 

The House approved the final legislative agreement between the House and the Senate clearing the bill for President Obama’s signature.

###

<- Back to releases