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(Reuters) Leaders of a U.S. House and Senate negotiating panel on Monday said they had agreed to compromise legislation imposing new sanctions that target Iran's central bank, despite Obama administration misgivings over the measure. Senate Armed Services Committee Chairman Carl Levin (D-Mich.) said the bill was probably "96 percent" the same as legislation that passed the Senate last week. It would penalize foreign financial institutions that do business with Iran's central bank, the main conduit for its oil revenues. 2011-12-13 00:00:00Full Article
House-Senate Panel Agrees on New Sanctions on Iran
(Reuters) Leaders of a U.S. House and Senate negotiating panel on Monday said they had agreed to compromise legislation imposing new sanctions that target Iran's central bank, despite Obama administration misgivings over the measure. Senate Armed Services Committee Chairman Carl Levin (D-Mich.) said the bill was probably "96 percent" the same as legislation that passed the Senate last week. It would penalize foreign financial institutions that do business with Iran's central bank, the main conduit for its oil revenues. 2011-12-13 00:00:00Full Article
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