Watching Government - Updating sanctions

An economic sanctions policy bill may reappear on the US congressional agenda this fall, with competing voices jockeying for the White House's attention.In the Senate, Foreign Relations Committee Chairman Richard Lugar (R-Ind.) is expected to reintroduce legislation seeking a more deliberative, business-friendly approach to US sanctions policy. Meanwhile in the House, a group of lawmakers led by International Relations Middle East Subcommittee chair Rep. Ileana Ros-Lehtinen (R-Fla.) will urge tightening of the Iran-Libya Sanctions Act (ILSA). The law, initiated in 1996, is designed to punish non-US oil companies that invest $20 million in either country. It gives President George W. ...

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