Senate Banking Committee Moving Forward on Sanctions Bill

Today, Senate Banking Committee Chairman Christopher Dodd (D-CT) announced plans to move forward with marking up the Iran Sanctions Act of 2008 (S.3227) in his committee on Thursday. The bill was formally introduced in the Senate on July 7, 2008 by Senator Max Baucus and has already been placed on the Senate Legislative Calendar under General Orders. Calendar No. 863, though no date for consideration on the Senate floor has been set. The Iran Sanctions was also not referred to the Senate Banking Committee, though both the Banking and Foreign Affairs committees are claiming jurisdiction over the bill. For more analysis on the bill, click here.

According to Senator Dodd today: "I'm also preparing to go forward, on Thursday, with our Iran sanctions bill. We'll be noticing that today, as well -- obviously, as events unfold during the week, but my plan is to have a markup of the Iran sanctions bill on Thursday, as well."