Bill restricting ties with Iran passes in US House

A bipartisan bill that would further restrict diplomatic and financial relations to Iran flew through the US House of Representatives late Wednesday, passing the cantankerous legislature by a vote of 410-11. The Iran Threat Reduction Act of 2011 was intended by its sponsors “to strengthen Iran sanctions laws for the purpose of compelling Iran to abandon its pursuit of nuclear weapons and other threatening activities, and for other purposes” but its handful of critics worry that it will have a negative effect on oil prices worldwide.
The bill is likely to make it through the Senate by the end of the week, and the Obama White House, which recently stepped up its effort to pressure Iran, is not expected to veto the legislation. The White House released a statement on the bill shortly after its passage expressing concern regarding its impact on limiting executive prerogative in foreign relations, but did not say that it would veto the act.
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