United Against Nuclear Iran Applauds Bipartisan Congressional Votes to Extend Iran Sanctions Act

December 2, 2016

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United Against Nuclear Iran Applauds Bipartisan Congressional Votes to Extend Iran Sanctions Act

Extension critical as Iranian regime's aggressive behavior continues; sends strong message that Iran business pursuits are risky and ill-advised

New York, NY - The leaders of United Against Nuclear Iran (UANI) today applauded both houses of Congress for passing, with overwhelming bipartisan support, a 10-year extension of the Iran Sanctions Act (ISA), which will enable the quick 'snapback' of sanctions if Iran violates the Joint Comprehensive Plan of Action (JCPOA). Companies who rush into the Iranian market risk violating these sanctions and stand to lose access to the U.S. economy.

"The overwhelming bipartisan support in Congress to extend the Iran Sanctions Act sends the strong message that doing business with Iran continues to be a risky investment," said UANI CEO Ambassador Mark D. Wallace. "The Iranian regime must be held accountable for its reckless behavior, which has only worsened since the signing of the JCPOA agreement. We hope President Obama will sign this bill, ensuring that America has the necessary tools to combat the Iranian threat."

"Companies considering business in Iran should think twice," said UANI Chairman and former U.S. Senator Joseph I. Lieberman. "The Senate's unanimous 10-year extension of the Iran Sanctions Act shows that Congress takes very seriously Iran's pursuit of nuclear weapons, support for terrorism, and regional aggression. The incoming Trump Administration and the new Congress have much work they can do together to continue to hold Tehran accountable."

Led by a group of former leading diplomats and lawmakers, UANI is in the midst of a global education campaign focused on the corporate risks of doing business with Iran, warning hundreds of international companies that are contemplating Iran as a new investment opportunity. As part of its campaign to highlight the dangers of business with the Iranian regime, UANI has identified a matrix of 10 key risk categories businesses and sovereign states face should they pursue deals with Tehran.

For more information, or to speak with UANI leadership, please contact:[email protected]

About UANI

UANI is an independent, not-for-profit, non-partisan, advocacy group founded in 2008 by Ambassador Mark D. Wallace, Ambassador Richard Holbrooke, former CIA Director Jim Woolsey, and Middle East Expert Ambassador Dennis Ross, that seeks to heighten awareness of the danger the Iranian regime poses to the world.