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Government Enacts Further Sanctions Against Iran

International Law Office
July 30, 2010

On July 1, 2010, President Obama signed into law the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (H.R. 2194) (the Act). Because the United States already maintains a nearly comprehensive embargo of Iran, this Act largely targets the activities of non-U.S. companies doing business in that country, particularly in its petroleum sector. However, even U.S. companies – especially U.S. financial institutions and U.S. government contractors – may be affected by the Act’s wide-ranging provisions.

This Sidley Update was republished by ILO in its Trade & Customs Newsletter.