New Senate Bill Would Sanction Iran’s Oil Export 'Logistical Chain'
Sen. Dan Sullivan, R-Alaska, introduced a bill Feb. 12 that would increase sanctions on Iran's energy sector to deprive Tehran of revenue it uses to fund terrorism.
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The Enhanced Iran Sanctions Act would sanction the "logistical chain" of foreign entities that support Iran’s illicit oil sales, including Chinese banks, maritime insurance providers, and flagging registries, as well as the leaders of those firms and their immediate family members. It also would sanction family members of Iranian individuals sanctioned for terrorism, ballistic missile production, or weapons of mass destruction facilities.
The bill would form an interagency task force to track Iran’s energy sanctions evasion efforts and develop new sanctions packages. It also would call for creating a "multilateral contact group" to harmonize Iran sanctions and coordinate enforcement.
The bill, which has three co-sponsors, was referred to the Senate Foreign Relations Committee. Rep. Mike Lawler, R-N.Y., is expected to introduce a companion version in the House.