Sens. John Cornyn (R., Texas) and Mark Kirk (R., Ill.) introduced legislation Wednesday that would impose sanctions upon the government of Iran, according to a press release.
A bipartisan group of senators introduced Wednesday legislation that would block Iran’s access to the country’s foreign exchange reserves held in foreign banks, potentially worth up to $100 billion.
A bipartisan duo of senators have introduced an amendment aimed at cutting off Iran’s access to a European financial institution that has permitted Tehran to skirt Western economic sanctions.
A top U.S. Treasury Department official promised Congress his department would pressure the European Union to designate Hezbollah as a terrorist organization and to force European banks to stop ongoing transactions with Iran.
Sen. Mark Kirk (R., Ill.) called on Secretary of State John Kerry to rescind Egyptian activist Samira Ibrahim’s nomination for a women’s courage award following a Weekly Standard report that Ibrahim had praised terrorist attacks against Americans and Israelis on Twitter.
Swiss bank UBS has agreed to pay roughly $1.5 billion in fines to settle accusations that it was involved in rigging interest rates to boost its trading profits.
Sen. Mark Kirk (R., Ill.) is recovering quickly after suffering a near-fatal stroke last January. He plans to join the new Congress on Jan. 3 to continue his campaign for Iranian economic sanctions, the Weekly Standard reports.
United Nations Ambassador Susan Rice’s investments in companies that do business with Iran’s shipping and energy industries could take a hit from a Senate vote Friday to strengthen economic sanctions against the rogue regime.
Lawmakers are condemning the Iraqi government following its release of a Hezbollah operative responsible for orchestrating the murder of five American soldiers.
As Sen. Mark Kirk (R., Ill.) recuperated from a severe stroke, the Chicago Tribune published what critics deemed a scathing attack on his credibility that was based solely on accusations from his ex-wife, whom those close to the Kirk family describe as unstable and unreliable.