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House Democratic leaders are planning to move forward with a bill imposing tough new sanctions on Iran before the holiday recess, according to Rep. Howard Berman (D-Calif.), the bill’s author.
The legislation seeks to cut supplies of refined petroleum products, especially gasoline, into Iran as a means of convincing that regime to end its nuclear weapons programs. Additional sanctions would be imposed on foreign exchange, banking, and property transactions, including any organization that does business with the Central Bank of Iran.
“I intend to pass the bill by the end of this year,” Berman, chairman of the House Foreign Affairs Committee, told POLITICO. His bill has 339 co-sponsors in the House, and it might be taken up under a parliamentary process that allows quick approval of widely supported legislation.
House Majority Leader Steny Hoyer (Md.) told fellow Democrats on Thursday morning that the bill would be brought to the floor within two weeks, according to Democratic aides. The Senate Banking, Housing and Urban Affairs passed similar legislation at the end of October, although it is unclear if and when Senate Majority Leader Harry Reid (D-Nev.) plans to bring that bill up for a vote.