Senate Tables Amendment To Expand Reach of U.S. Sanctions
On September 30, 2004 the U.S. Senate failed to pass an amendment to the intelligence reform bill (S.2845) that was introduced by Senator Lautenberg (D-NJ). The proposed amendment, which was tabled by a vote of 47 to 41, would have expanded the reach of U.S. trade and investment sanctions programs administered by the Treasury Department's Office of Foreign Assets Control (OFAC) to foreign subsidiaries or affiliates of U.S. companies, including any "controlled in fact" (defined as 50% ownership) permanent foreign establishments of U.S. companies.
This is the second time that the Senate has failed to pass this amendment. On May 19, 2004, Senator Lautenberg introduced the amendment in connection with consideration of the Fiscal Year Defense Authorization Act (S.2400) . The amendment failed to pass by a yea-nay vote of 49 to 50.
The text of the Lautenberg amendment to S.2845 can be found at the following link:
thomas.loc.gov/cgi-bin/query/F?r108:1:./temp/~r108R4X3Jd:e22205.
|posted by Douglas N. Jacobson| Permalink 
