Pro-Israel lobby backs sanctions on Iran bank
WASHINGTON (AP) — The powerful pro-Israel lobby is backing tough sanctions on Iran's Central Bank as Congress wrestles with an Obama administration request to ease the impact of the penalties.
In a letter Wednesday, the American Israel Public Affairs Committee said the sanctions would contribute to the U.S. effort to pressure Tehran economically and could dissuade Iran from pursuing a nuclear weapon.
Last week, the Senate voted 100-0 to add the sanctions to the defense bill. House and Senate negotiators are trying to iron out their differences and come up with a final version of the legislation.
The administration has asked for substantive changes to a provision that would target foreign financial institutions that do business with the Central Bank of Iran, expressing concern that it would drive up oil prices.