Divestiture of current investments in Iran Act

Posted by Moonage on 16 May 2005 | Tagged as: Iran

As Iran appears to move closer to resuming nuclear activities, support has been quietly building in Congress for new U.S. sanctions, including penalties that could affect multinational companies and this country’s foreign aid recipients…..

More than 200 members of the House of Representatives nearly half the body are co-sponsoring a bill that would tighten and codify existing sanctions, bar subsidiaries of U.S. companies from doing business in Iran and cut foreign aid to countries that have businesses investing in Iran.

The first paragraph I’m fine with.  However, Fox then takes it a step further and cites "more than 200" Members have co-signed.  When I checked that with govtrack.us, I only got 3.  I double checked it with thomas.gov and got the same 3.  Now, don’t get me wrong, I support this bill 100%.  The EU is failing to deal with this situation very well.  The UN has rendered itself useless in the matter.  Nothing seems to be getting the attention of the mullahs who want nuclear weapons.  Granted both Thomas and Govtrack rely on information given to them in a timely manner, I’m guessing neither has received updated info on the bill.  If they are right and Fox is wrong, there NEEDS to be 200 co-sponsors and this bill NEEDS TO PASS ASAP.  What it does is basically force President Bush to get sterner.  I know he can do that.  I know he probably wants to do that.  But, I can see his being a little gun shy after the flap over Iraq.  If he’s "forced" to do it, he will.

Contact your Congressman and tell them to support H. R. 1743.

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