B’nai B’rith International applauds the House of Representatives for passing the bipartisan Nuclear Iran Prevention Act on July 31 by an overwhelming majority. By reducing Iran’s oil exports and further shackling its economy, the bill would send an important signal to new Iranian leader Hassan Rouhani about the cost of continuing the country’s unswerving pursuit of nuclear weapons.
The legislation seeks to decrease Iranian oil exports from 1.25 million barrels per year to 250,000 barrels by the end of 2014. It would also expand the blacklist of Iran’s various economic sectors and further limit the country’s access to overseas foreign currency reserves. Sanctions against Iran have already drastically limited the country’s oil exports and severely hampered its economy...more.