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The U.S. Congress has passed legislation to impose tough new sanctions on Iran's banking and energy sectors. It seeks to curb Tehran's nuclear work that Washington suspects is aimed at bomb-making.
The House of Representatives passed the bill 408-8 and sent it to President Barack Obama for signing into law. The Senate had approved it 99-0 earlier in the day. The measure, which goes beyond recent U.N. Security Council and European Union sanctions, would penalize companies from other countries that do business with Iran.
U.S. companies are already prohibited from trading with and investing in Iran. Foreign companies that invest in Iran's energy sector can be sanctioned under existing U.S. law. But no penalties have ever been imposed.
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