The Senate gave unanimous approval on Monday, May 21, to a package of new economic sanctions on Iran aimed at deterring the Islamic Republic from developing nuclear weapons, the Associated Press
reported. The Iran Sanctions, Accountability and Human Rights Act of 2012 targets Iran’s Revolutionary Guard Corps, requires companies that trade on the U.S. stock exchange to disclose any Iran-related business to the Securities and Exchange Commission and expands penalties for energy and uranium mining joint ventures with Tehran. The bill would also deny visas and freeze assets on individuals and companies that supply Iran with technology that could be used to crack down on its citizens.
The House of Representatives passed its version of the bill in December and now the Senate and House must work out their differences in the legislation.