Political Quotes

“I rise today to express my support for the conference report on the Iran Refined Petroleum Sanctions Act. This conference report expands sanctions authorized by the Iranian Sanctions Act of 1996 to foreign companies who sell Iran refined petroleum, support Iran's domestic refining capacity or sell Iran goods, services, or know-how that assist it in developing its energy sector; bans U.S. banks from engaging in financial transactions with foreign banks who do business with Iran's Islamic Revolutionary Guards Corps or facilitate Iran's nuclear program and its support for terrorism; establishes three new sanctions the President may impose on violators of the Iranian Sanctions Act and requires the President to impose at least three of nine possible sanctions authorized by that act; bans U.S. government procurement contracts to companies that export technology to Iran that inhibits the free flow of information; and authorizes States and local governments to divest from companies involved in Iran's energy sector. The sanctions will terminate when the President certifies to Congress that Iran is no longer a state-sponsor of terrorism and has ceased efforts to acquire nuclear, biological, and chemical weapons and ballistic missiles and technology.”