Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

UPDATE 1-U.S. lawmakers will vote on Iran deal disapproval resolution

Published 2015-08-04, 03:02 p/m
© Reuters.  UPDATE 1-U.S. lawmakers will vote on Iran deal disapproval resolution

(Adds comments from McConnell, Nelson)
By Patricia Zengerle
WASHINGTON, Aug 4 (Reuters) - Republican U.S. Representative
Ed Royce, the chairman of the House of Representatives Foreign
Affairs Committee, on Tuesday introduced legislation to
disapprove of the nuclear agreement between world powers and
Iran.
Under the Iran Nuclear Review Act, which President Barack
Obama signed into law in May, the Republican-led Congress has
until Sept. 17 to approve or disapprove of the nuclear deal
between Iran and world powers announced on July 14.
Royce's announcement means lawmakers will try to pass a
disapproval resolution, which could cripple the agreement,
rather than a non-binding approval resolution.
The top Republican in the U.S. Senate, Mitch McConnell, said
the Senate is also likely to consider a resolution of
disapproval of the nuclear deal.
But Obama's diplomatic initiative won important support in
Congress among his fellow Democrats. That means even if Congress
passes a resolution of disapproval, Republicans would not likely
be able to muster enough votes to override a veto by Obama.
Democratic senators Tim Kaine, who co-authored the
legislation giving Congress the right to review the deal,
Barbara Boxer, one of the senior Jewish members of the Senate,
and Bill Nelson, who some observers had considered a potential
swing vote, all have said they will back the deal.
"As dangerous a threat as Iran is to Israel and our allies,
it would pale in the threat posed to them and to us by a
nuclear-armed Iran," Nelson said in a Senate speech announcing
his decision.
Israeli Prime Minister Benjamin Netanyahu strongly opposes
the nuclear agreement, calling it a threat to the survival of
the Jewish state.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.