AIPAC Applauds Unanimous Senate Passage of Tough, New Iran Sanctions Legislation

AIPAC APPLAUDS UNANIMOUS SENATE PASSAGE OF TOUGH, NEW IRAN SANCTIONS LEGISLATION

AIPAC praises the Senate for unanimously passing, 94-0, an amendment to the National Defense Authorization Act to significantly ratchet up pressure on Iran. The amendment, authored by Sens. Robert Menendez (D-NJ), Mark Kirk (R-IL) and Joseph Lieberman (I-CT), tightens key sanctions and provides additional tools in support of American policy to thwart Iran’s nuclear quest.

The legislation expands sanctions on the Iranian energy, shipping and shipbuilding sectors, and closes a loophole that has allowed some purchasers of Iranian oil and natural gas to use gold and other precious metals to pay for petroleum products. Iran in turn has used these precious metals to circumvent financial sanctions, bartering them for goods. AIPAC salutes the stalwart leadership of Senators Menendez, Kirk and Lieberman in introducing this important amendment. AIPAC also thanks Senators Tim Johnson, Shelby, Levin, McCain, Reid and McConnell for their leadership in enabling passage of this amendment.

Earlier this year, the Senate overwhelmingly passed the Iran Threat Reduction and Syria Human Rights Act. This statute is now having a dramatic impact on the Iranian economy. The Iranian currency has lost nearly 80 percent of its value and Iranian oil exports have been slashed by more than half.

America must continue to lead the international effort to stop Iran’s illicit nuclear pursuit. AIPAC urges the immediate implementation of the new sanctions.