The US House of Representatives passed legislation Wednesday that punishes firms that do business in Iran’s energy sector.
The bill, which sailed through by a 414-6 vote, permits US states, local governments and pension funds to end investments in firms that have 20 million dollars or more invested in Iran’s petroleum or natural gas operations.
“Today’s action should remind Tehran that the window for engagement will not remain open indefinitely, and that the United States will use all tools at its disposal to prevent its acquisition of nuclear weapons,” said Democratic House Majority Leader Steny Hoyer.
“This legislation gives a strong ‘go signal’ to state and local leaders around America to get out of Iran,” said Representative Mark Kirk, the measure’s lead Republican author.
