Quantcast

Jewish Journal

JewishJournal.com

December 13, 2011

Iran sanctions compromise includes opt-outs sought by White House

http://www.jewishjournal.com/world/article/iran_sanctions_compromise_includes_opt-outs_sought_by_white_house_20111213

A compromise congressional bill targeting Iran’s central bank includes opt-outs sought by the White House.

The bill agreed upon by Senate and U.S. House of Representatives negotiators on Monday evening creates more leeway for the administration to opt out of cutting off entities that deal with the bank, Sen. Carl Levin (D-Mich.), the chairman of the Senate Armed Services Committee and the upper body’s lead negotiator, told reporters, according to various media.

“We have written this language so it’s tough,” Reuters quoted Levin as saying.

Cutting off Iran’s Central Bank would effectively shut off the Islamic Republic’s economy from Western trade. The Obama administration sought to moderate the bill, arguing that it needed leeway in order to line up support for sanctions elsewhere in the world before fulling shutting out the bank.

JewishJournal.com is produced by TRIBE Media Corp., a non-profit media company whose mission is to inform, connect and enlighten community
through independent journalism. TRIBE Media produces the 150,000-reader print weekly Jewish Journal in Los Angeles – the largest Jewish print
weekly in the West – and the monthly glossy Tribe magazine (TribeJournal.com). Please support us by clicking here.

© Copyright 2014 Tribe Media Corp.
All rights reserved. JewishJournal.com is hosted by Nexcess.net
Web Design & Development by Hop Studios 0.2192 / 37