Statement of Bush Administration Policy on H.R. 2347

After the House passed H.R. 2347, it was sent to the Senate, where it is currently sitting on hold in the Banking Committee.

Here is the Bush administration's Statement of Policy on H.R. 2347. It argues that the bill would undermine US efforts to maintain international unity on intensifying pressure on the Iranian regime.

According to the Statement, "Increasing American unilateral sanctions targeted at United States allies and diplomatic partners would shift focus away from Iran's unacceptable behavior and onto differences between the US and its partners, and would impair the Adminsitration's ability to employ effective multilateral approaches, including multilateral sanctions. This is essential because we believe US unilateral sanctions alone will not suffice and will harm the coalition."