Search Religion News

Show summaries



Religion News
Israeli News

Top News Stories
U.S. Political News
Canadian News

Christian Magazines
Link To Us

Bible Resources
• Bible Study Aids
• Bible Devotionals
• Audio Sermons
Community
• ChristiansUnite Blogs
• Christian Forums
• Facebook Apps
Web Search
• Christian Family Sites
• Top Christian Sites
• Christian RSS Feeds
Family Life
• Christian Finance
• ChristiansUnite KIDS
Shop
• Christian Magazines
• Christian Book Store
Read
• Christian News
• Christian Columns
• Christian Song Lyrics
• Christian Mailing Lists
Connect
• Christian Singles
• Christian Classifieds
Graphics
• Free Christian Clipart
• Christian Wallpaper
Fun Stuff
• Clean Christian Jokes
• Bible Trivia Quiz
• Online Video Games
• Bible Crosswords
Webmasters
• Christian Guestbooks
• Banner Exchange
• Dynamic Content
Subscribe to our Free Newsletter.
Enter your email address:

Religion News
 You're here » News Main Index » Religion News
Religion News
Printer friendly version
Email page to a friend
Link to this story

Christian Leaders Urge Congress to Enforce Iran Sanctions Act of 1996

by Staff
March 23, 2010
Like This Page?

WASHINGTON, (christiansunite.com) -- Christian Leaders for a Nuclear Free Iran is urging Congress to exercise its oversight role in ensuring that the Administration vigorously enforces the Iran Sanctions Act of 1996, which mandates sanctions on firms that make energy-related investments in Iran exceeding $20 million.

According to a report in the Sunday, March 7 edition of the New York Times:

"The federal government has awarded more than $107 billion in contract payments, grants and other benefits over the past decade to foreign and multinational American companies while they were doing business in Iran, despite Washington's efforts to discourage investment there, records show.

"That includes nearly $15 billion paid to companies that defied American sanctions law by making large investments that helped Iran develop its vast oil and gas reserves."

The Coalition applauds Congress for passing their respective versions of Iran Sanctions legislation, and calls once again for swift action in agreeing to a common version and sending it to President Obama's desk for his signature.

But even the best sanctions legislation will be of little use if it is not enforced. CLFNFI strongly urges Congress to investigate why the Iran Sanctions Act of 1996 has not been enforced, and how billions of dollars in taxpayer money has gone to firms violating the Act.

As the New York Times report makes clear, Republican and Democratic administrations alike have been lax in their enforcement of the Act. The coalition is not asking for a partisan blame game, but is simply asking Congress to make sure the Act is being properly enforced.

The 1996 Iran Sanctions Act gives the president several enforcement options against companies in violation of the Act. The President can prohibit the violators from gaining access to:

Â" Federal contracts
Â" Export-Import Bank loans,
Â" American bank loans exceeding $10 million in a given year
Â" American markets
Â" American military technology
Â" American Treasury Bonds

With this kind of flexibility, surely the President can convince companies doing substantial business with Iran that it is far better off with access to American markets than access to Iranian markets.

Discuss this article in the ChristiansUnite Discussion Forums

Back to Religion News Headlines.




More From ChristiansUnite...    About Us | Privacy Policy | | ChristiansUnite.com Site Map | Statement of Beliefs



Copyright © 1999-2019 ChristiansUnite.com. All rights reserved.
Please send your questions, comments, or bug reports to the

NOTE: News and information presented on this web site is for informational purposes only. ChristiansUnite.com does not necessarily endorse the views and opinions expressed.