blank

Voice of America ®

Trusted Source of News & Information since 1942

About VOA | Contact VOA News

  • Tuesday, 24 November 2009
  • Latest News:

News RSS Feeds RSS Feed

Law Targeting Investors in Iran Advances in US Congress

Share This

The U.S. House of Representatives has overwhelmingly passed a bill to increase pressure on investors in Iran's energy sector.

The bill requires the naming of foreign companies with more than $20 million invested in Iran's energy sector.  It also offers protection to private investment managers and state and federal pension funds that divest from companies on the list.

The measure passed by a vote of 480 to six.  Democratic representative Brad Sherman says the bill is aimed at changing the behavior of those who still invest in Iran, which the U.S. accuses of supporting terrorism and seeking nuclear weapons.

The House passed a similar bill, 418 to one, earlier Tuesday to promote divestment from firms that do business in Sudan.  United Nations officials estimate the four-year conflict in Darfur has killed more than 200,000 people, and displaced 2 million more. 

Senator and presidential hopeful Barack Obama has introduced a similar measure on Iran in the Senate.

Some information for this report was provided by AFP and Reuters.

Welcome to the new VOANews.com


We'd like to hear what you think of the site - please e-mail us: NewDesign@VOANews.com

Video Features

From the Newsroom

From the Newsroom

Afghan Politics - Analysis by Gary Thomas

More »

GoingGreen

Going Green

Watch: The United States debates cutting its carbon dioxide emissions.

More »

Money in Motion

Money in Motion

Watch: Will the declining dollar remain the world's reserve currency?

More »

Now You Know

Now You Know

Watch: A look at the origin and history of the Internet.

More »

The Link

The Link

Have you discovered a Web link you'd like to share with the world?

More »

Most Popular Articles

Special Reports

VOA Blogs

Most E-mailed Articles