January 29, 2015

Banking Committee Approves Iran Sanctions Bill

WASHINGTON, DC – Thursday, January 29, 2015 – U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today announced committee approval of the “Nuclear Weapon Free Iran Act of 2015” by a vote of 18-4.  The measure will now be reported to the full Senate for consideration.

“I am pleased that the Banking Committee has approved legislation in a bipartisan manner that would impose additional sanctions should Iran fail to reach an agreement by the negotiating deadline,” said Chairman Shelby.  “It is clear that further action is necessary to compel Iran to reach an acceptable agreement, which is why I strongly support this critical bill.”