US Capitol building 311.
(photo credit: REUTERS/Jim Bourg)
WASHINGTON - The US House of Representatives passed legislation on Wednesday that would expand sanctions on Iran, cracking down on a wider range of energy issues and closing some loopholes in existing energy and financial sanctions.
RELATED:US House-Senate panel approves Iran sanctions
Some senators in both parties are also working on legislation to tighten sanctions on Iran, the world's fifth biggest oil exporter, because of concerns it is developing a nuclear bomb.
US Senate OK's sanctions on Iran central bank
In a 410-11 vote, the House passed a bill that would expand sanctions on
companies involved in the oil industry, including on investments,
selling Iran goods or services used in refineries, or providing Iran
with refined products worth $5 million or more in a year.
The bill would also place sanctions on developing infrastructure or ports, or buying Iranian sovereign debt.
Earlier this week, congressional leaders agreed to legislation on new
sanctions on Iran's central bank that they hope to quickly pass.
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