Contact: Josh Holly; 202.226.3988
Washington, D.C. --- U.S. Rep. Duncan Hunter (R-CA) today called for strong economic sanctions to be levied against Iran in order to deter its nuclear enrichment program. The senior Republican on the House Armed Services Committee joined other senior House Republicans as sponsors of the Iran Counter-Proliferation Act of 2007 (H.R. 1400).
“This legislation would leverage one of America’s strongest foreign policy tools—our financial markets—to encourage the world community to dampen Iran’s nuclear, chemical, biological and missile ambitions,” said Hunter.
“In laying out these steps, we are highlighting a pragmatic way forward to slow, and maybe stop, the very Iranian weapons programs that could present a grave threat to the United States and its allies in the Middle East, Europe and globally,” continued Hunter.
The Iran Counter-Proliferation Act of 2007 (H.R. 1400) places stricter limits on U.S, exports to Iran and prohibits all Iranian imports. It forbids nuclear cooperation between the United States and any nation that provides nuclear assistance to Iran.
The legislation strengthens the Iran Sanctions Act of 1996 by removing the Presidential waiver on sanctions and expands the types of investment, which are subject to sanctions, to discourage companies from working with Iranians on nuclear and missile weapons programs.
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