Last night, President Barack Obama signed the Comprehensive Iran Sanctions, Accountability, and Divestment Act into law, which imposes harsher sanctions against Iran because of its nuclear weapons amibitions. Congressional leaders and representatives of several pro-Israel groups, including NJDC, attended the event during which Obama stated:
This legislation strengthens existing sanctions, authorizes new ones and supports our multilateral diplomatic strategy to address Iran’s nuclear programs. ... It says to companies seeking procurement contracts with the United States government—if you want to do business with us, you first have to certify that you’re not doing prohibited business with Iran.
The main provisions of these sanctions include:
The new laws reach far beyond the previous measures that only apply to American companies. The new laws also augment the sanctions recently passed by the U.N. Security Council and European Union.
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