Iran Freedom Support Act of 2006
9/30/2006
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The law extends for five years existing sanctions on foreign companies investing more than $20 million per year in Iran's petroleum sector. IFSA also codifies executive orders barring U.S. firms from doing business in and with Iran, strengthens U.S. authority to sanction entities aiding Iran's nuclear pursuit, urges the administration to probe investments in Iran's petroleum sector and discourages the signing of nuclear cooperation pacts with countries assisting Iran's atomic program. The law also expresses support for Iranians seeking to promote democracy in their country.
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