The Iran Sanctions Act (ISA)

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.

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Document Details

Document Type
Technical Report
Publication Date
Feb 02, 2009
Accession Number
ADA494888

Entities

People

  • Kenneth Katzman

Organizations

  • Library of Congress

Tags

Communities of Interest

  • Energy and Power Technologies

DTIC Thesaurus Topics

  • Agreements
  • Asia
  • Congress
  • Contracts
  • Counterterrorism
  • Department Of State
  • Gasoline
  • Government Procurement
  • Governments
  • Investments
  • Law
  • National Security
  • Natural Gas
  • Petroleum
  • Security
  • United States
  • Weapons Of Mass Destruction

Readers

  • Military and Counterinsurgency Studies.
  • Public Financial Management and Budgeting