House Passes Iran Freedom Support Act
The U.S. House of Representatives today passed the Iran Freedom Support Act (H.R. 282) by a vote of 397-21. The Iran Freedom Support Act amends the Iran-Libya Sanctions Act of 1996 (ILSA) by removing the restrictions imposed on Libya and codifies sanctions currently imposed on Iran by Executive Order. The bill would impose liability on U.S. parent companies for violations of sanctions by their foreign subsidiaries. The legislation would also require the President to publish in the Federal Register a list of all foreign and domestic entities that have invested more than $20 million in Iran's energy sector and denies U.S. aid to countries that have invested in Iran's energy sector.
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