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U.S. Frowns on New Iran Sanctions by Congress after Missile Test
(Bloomberg) Kambiz Foroohar - Adam Szubin, Acting Undersecretary of the Treasury for Terrorism and Financial Intelligence, argued Wednesday against imposing new legislative sanctions on Iran after its ballistic missile tests last month. "New mandatory non-nuclear sanctions legislation would needlessly risk undermining our unity with international partners," he said. The U.S. already has the ability to impose new sanctions on individuals and entities for ballistic missile violations, Szubin noted. The U.S. won't provide Iran access to the U.S. financial system, he added.