[AP/Washington Post] Barry Schweid - Leaders of a bipartisan House panel, seeking economic pressure against Iran, acted Thursday to try to reduce Tehran's import of gasoline. A bill introduced by Reps. Mark S. Kirk, R-Ill., and Robert E. Andrews, D-N.J., who set up a congressional group on Iran's nuclear programs two years ago, proposed that any company that provides Iran with gasoline or helps it import gasoline after the end of the year could lose its access to U.S. customers. On Tuesday, the House Foreign Affairs Committee approved legislation designed to strike at investments in Iran by ending the Bush administration's power to waive penalties against foreign companies that invest in Iran. "Our goal must be zero foreign investment," said the committee chairman, Rep. Tom Lantos, D-Calif.
2007-06-29 01:00:00Full ArticleBACK Visit the Daily Alert Archive