Senate Banking Chairman Chris Dodd is forging ahead with an Iran sanctions bill, despite resistance from the White House, which wants more time to engage with the Iranian regime over its nuclear program.
“I’ve never met an administration yet that gives you a ringing endorsement on sanctions,” Dodd told reporters. “I’ve been here long enough to know – Democrats, Republicans – they’d prefer we didn’t exist, you know, when it comes to this stuff.”
Dodd's proposal would freeze Iranian financial assets and crack down on refined petroleum exports to Iran.
Dodd said he plans for the Banking Committee will mark up his sanctions legislation by the last week in October. He said he expects to have Republican support.
“Hopefully in the meantime things go very, very well [with ongoing nuclear negotiatons], but I think it’s very important that the Iranian government understand how serious we are here about this,” Dodd said.