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Tuesday, January 12, 2016

Obama vows to veto bill to restrict Iran sanctions relief

WASHINGTON — President Barack Obama will veto a Republican-sponsored bill which the administration says will prevent the United States from meeting its obligations under the nuclear deal struck between Iran and world powers, the White House warned Monday.
 
The bill, the Iran Terror Finance Transparency Act, authored by Republican Congressman Steve Russell, passed the House Foreign Affairs Committee last week and was expected to reach the House floor Wednesday.
       
Lawmakers were to vote on the bill as American sanctions on Iran were set to be lifted in the coming weeks as part of the Joint Comprehensive Plan of Action (JCPOA) reached in July. Under the deal, the United States is required to lift its nuclear-related sanctions against Iran after the International Atomic Energy Agency certifies that Tehran has completed all of its initial obligations. (READ MORE)