VOL. XXXIX

No. 12

18-December-1995

IRAN/LIBYA

Clinton Administration And Senate Agree On Watered-Down Iran Sanctions Legislation

The Senate Banking Committee, in consultation with the Clinton administration, has passed a watered-down version of Senator Alfonse D'Amato's bill to impose sanctions on foreign firms that trade with and invest in the Iranian oil and gas industry. The new legislation has shifted the focus from firms that do business with Iran to those that are potential...