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The Iran Sanctions Act (ISA)
Authors: Kenneth Katzman; LIBRARY OF CONGRESS WASHINGTON DC CONGRESSIONAL RESEARCH SERVICE |
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Abstract: International pressure on Iran to curb its nuclear program is increasing the hesitation of many major foreign firms to invest in Iran's energy sector, hindering Iran's efforts to expand oil production beyond 4.1 million barrels per day. However, Iran continues to attract preliminary energy investment interest from firms primarily in Asia, which appear eager to fill the void left by European majors and to line up steady supplies of Iranian oil and gas. The formal U.S. effort to curb energy investment in Iran began in 1996 with the Iran Sanctions Act (ISA), although no firms have been sanctioned under it and the precise effects of that law on energy investment in Iran has been unclear. In the 110th Congress, two bills passed by the House (H.R. 1400 and H.R. 7112), as well as several others, add ISA provisions and are widely expected to be reintroduced in the 111th Congress. This report will be updated regularly. See CRS Report RL32048, Iran: U.S. Concerns and Policy Responses, by Kenneth Katzman.
| Description: |
Congressional rept. |
| Pages: |
11 |
| Report Date: |
02-Feb-2009 |
| Report Number: |
A888494 |
Report Unavailable |
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