House Foreign Affairs Committee to Mark-Up Iran Counter-Proliferation Act of 2007
The House Committee on Foreign Affairs tomorrow is scheduled to mark-up H.R. 1400, the Iran Counter-Proliferation Act of 2007. Among other things, H.R. 1400 would impose additional U.S. sanctions on Iran by:
- Authorizing the imposition of civil penalties on U.S. parent companies for violations of U.S. sanctions laws committed by certain foreign subsidiaries;
- Prohibiting OFAC to issue licenses to export or reexport goods, services or technology relating to U.S.-origin commercial passenger aircraft; and
- Prohibiting the importation into the U.S. of Iranian origin carpets and food (including caviar), the only Iranian origin goods currently permitted to enter the U.S.