US's Iran sanction policy faces congressional scrutiny

07/07/2003
US lawmakers wanting the White House to turn up the political heat on Iran this year may seek to tighten existing sanction laws designed to discourage foreign investment in Tehran's oil and gas sector."Finding ways to restrict the increasing wave of foreign investment into Iran and Libya must be an integral part of the same effort to suppress terrorist financing," said Rep. Ileana Ros-Lehtinen (R-Fla.), chair of the House Subcommittee on the Middle East and Central Asia. Her remarks were made at a June 25 oversight hearing on implementation of the Iran-Libya Sanctions Act, first passed by Congress in August 1996 and reauthorized with some revisions in August 2001."While we are gratifi...
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