Just in time for the American Israel Public Affairs Committee annual policy forum next week, U.S. Sens. Evan Bayh (D-Ind.), Joseph Lieberman (I-Conn.) and Jon Kyl (R-Ariz.) introduced a major new Iran sanctions bill. In addition to Kyl, Bayh and Lieberman, who caucuses with the Democrats, nine other Republicans and 11 Democrats signed on as co-sponsors, Capitol Hill sources said.
Similar legislation has been introduced in the U.S. House of Representatives by Reps. Brad Sherman (D-Calif.) and Mark Kirk (R-Ill.) and the House leadership is backing a bill that would facilitate divestment from Iran. The latter, modeled on a bill drafted by President Obama as a U.S. senator, is due for consideration this week by the House Foreign Affairs Committee.