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Obama Vows to Veto Anti-Iran Legislation

Obama Vows to Veto Anti-Iran LegislationObama Vows to Veto Anti-Iran Legislation

The administration of the US President Barack Obama pledged to veto a bill under consideration in Congress aimed at undermining the July 14 nuclear agreement between Iran and major powers. The legislation, set to advance in the US House of Representatives this week, would bar the president from lifting sanctions against Iranian banks or other institutions financially linked to the Islamic Revolution Guards Corps or other Iranian organizations tied to Iran’s alleged support for terrorism, the New York Times reported. In a written veto threat, the White House said the bill would go beyond the terms of the agreement and thus unravel it “based on activity that may have taken place and ended” long ago.  Sabotaging the agreement would “deal a devastating blow to America’s credibility as a leader of international diplomacy”, the message said. The White House repeated its arguments that the agreement was meant “to address one issue only”, meaning Iran’s nuclear program, and that adding terrorism as a condition after the fact would amount to bad faith. Separate sanctions remain in place over Iran’s alleged terrorist activities, the White House said.

Financialtribune.com