Press Releases
NFTC in the News
Publications
Blog



Press Releases



USA*Engage and NFTC Statement on Senate Banking Committee Passage of Iran Sanctions Legislation
Date: 1/29/2015
Written By: Nicole L’Esperance, The Fratelli Group for NFTC, (202) 822-9491

Washington, DC – Today USA*Engage and the National Foreign Trade Council (NFTC) released the following statement on the U.S. Senate Banking, Housing, and Urban Affairs Committee's passage of the Nuclear Weapon Free Iran Act of 2015.

"Any action by the U.S. Congress to enact additional unilateral Iran sanctions in the near future will harm the nuclear negotiations between the P5plus1 and the government of Iran. While the Nuclear Weapon Free Iran Act of 2015 provides some additional time for negotiations to continue before new sanctions would be implemented, we urge Congress to defer any further action until the conclusion or failure of negotiations.

"Congress should give the United States and its allies room to reach a constructive and substantive agreement. We commend the Senators who voted against the bill in the Banking Committee."

Click here to read a letter sent by USA*Engage Vice President Richard Sawaya and NFTC President Bill Reinsch to the U.S. House of Representatives and Senate last week.

###


About USA*Engage
USA*Engage (www.usaengage.org) is a coalition of small and large businesses, agriculture groups and trade associations working to seek alternatives to the proliferation of unilateral U.S. foreign policy sanctions and to promote the benefits of U.S. engagement abroad. Established in 1997 and organized under the National Foreign Trade Council (www.nftc.org), USA*Engage leads a campaign to inform policymakers, opinion leaders, and the public about the counterproductive nature of unilateral sanctions, the importance of exports and overseas investment for American competitiveness and jobs, and the role of American companies in promoting human rights and democracy worldwide.

About NFTC
The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York. Follow us on Facebook and Twitter.