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    This page contains bill sponsorships in the Senate and House. Bill sponsorships indicate the topics that legislators are most interested in, and spend the most time on.

13-S892 on May 8, 2013

Bill Sponsorship: Iran Sanctions Loophole Elimination Act
Source: S.892
Congressional Summary:Prohibits US-based correspondent accounts or a payable-through accounts by a foreign financial institution that knowingly:
  • conducted or facilitated a significant transaction on behalf of the Central Bank of Iran, or another Iranian financial institution, or a person involved in the energy, shipping, and shipbuilding sectors of Iran
  • Authorizes sanctions pursuant to the International Emergency Economic Powers Act.

Arguments for and against bill: (New York Times, May 8, 2013): Seeking to escalate pressure on Iran, a bipartisan group of senators introduced legislation that would deny the Iranian government access to its foreign exchange reserves, estimated to be worth as much as $100 billion. The legislation would be the first major new sanction confronting Iran since its inconclusive round of negotiations last month on its disputed nuclear program.

Sponsors of the legislation contend that Iran is not bargaining in good faith while it continues to enrich uranium. Part of the reason, they say, is that Iran has been able to work around the worst effects of the sanctions by tapping its foreign currency reserves overseas, which are largely beyond the reach of current restrictions. "Closing the foreign currency loophole in our sanctions policy is critical in our efforts to prevent Iran from acquiring a nuclear weapons capability," the sponsors said.

Critics said the new legislation risked further alienating Iranians who suspect that the sanctions' true purpose is not to pressure Iran in the nuclear negotiations, but to cause an economic implosion that would lead to regime change. "When we've cemented a sanctions escalation path, we're creating a trajectory toward actual confrontation," said the founder of the National Iranian American Council, a Washington group that opposes sanctions. Some Iranian leaders, he said, see the sanctions "as a train that can only go in one direction and has no brakes."


    Participating counts on VoteMatch question 17. Question 17: Stay out of Iran Scores: -2=Strongly oppose; -1=Oppose; 0=neutral; 1=Support; 2=Strongly support.
  • Topic: War & Peace
  • Headline: Sponsored shutting down Iranian foreign reserves (Score: -1)
  • Headline 2: Shut down Iranian foreign reserves, to tighten sanctions (Score: -1)

  • Key for participation codes:
  • Sponsorships: p=sponsored; o=co-sponsored; s=signed
  • Memberships: c=chair; m=member; e=endorsed; f=profiled; s=scored
  • Resolutions: i=introduced; w=wrote; a=adopted
  • Cases: w=wrote; j=joined; d=dissented; c=concurred
  • Surveys: '+' supports; '-' opposes.



Democrats participating in 13-S892

Mark Begich s1oAK Democratic Jr SenatorMay 14, 2013
Maria Cantwell s1oWA Democratic Jr SenatorMay 20, 2013
Chris Coons s1oDE Democratic Jr SenatorMay 21, 2013
Kirsten Gillibrand s1oNew York DemocratMay 16, 2013
Joe Manchin III s1oWV Democratic SenatorMay 8, 2013
Jeff Merkley s1oOR Democratic Jr SenatorJun 6, 2013
Bill Nelson s1oFL Democratic Sr SenatorMay 8, 2013
Brian Schatz s1oHI Democratic Jr Senator AppointeeJun 27, 2013
Charles Schumer s1oNY Democratic Sr SenatorMay 21, 2013
Mark Warner s1oVA Democratic Sr Senator; previously GovernorMay 20, 2013
Sheldon Whitehouse s1oRI Democratic Jr Senator, previously attorney generalMay 14, 2013



Republicans participating in 13-S892

John Boozman s1oAR Republican Jr SenatorMay 14, 2013
Saxby Chambliss s1oGA Republican Sr Senator (retiring 2014)May 15, 2013
Susan Collins s1oME Republican Sr SenatorMay 8, 2013
John Cornyn s1oTX Republican Sr SenatorMay 8, 2013
Ted Cruz s1oPOTUS Republican 2016 Primary ChallengerMay 9, 2013
Deb Fischer s1oNE Republican Senate ChallengerMay 20, 2013
Chuck Grassley s1oIA Republican Sr SenatorJun 26, 2013
Orrin Hatch s1oUT Republican Sr SenatorJun 6, 2013
Dean Heller s1oNevada Republican (Resigned 2011)May 9, 2013
Mike Johanns s1oNE Former Republican Governor (2005-2007); elected Senator 2008May 14, 2013
Mark Kirk s2pIL Republican Jr SenatorMay 8, 2013
Jerry Moran s1oKansas Republican (until 2010)Jun 6, 2013
Lisa Murkowski s1oAK Republican Sr SenatorMay 20, 2013
Rob Portman s1oOH Republican Jr SenatorJun 6, 2013
Pat Roberts s1oKS Republican Sr SenatorMay 9, 2013
Marco Rubio s1oFL Republican Jr SenatorMay 14, 2013
Jeff Sessions s1oAL Republican Sr SenatorJun 27, 2013
Pat Toomey s1oPA Republican Jr SenatorJun 25, 2013



Independents participating in 13-S892



Total recorded by OnTheIssues:

Democrats: 11
Republicans: 18
Independents: 0


















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