House leaders: Iran sanctions to come to floor before end of year

House Democratic leaders say they want to pass an Iranian sanctions bill this month. Reports Politico:

“I intend to pass the bill by the end of this year,” [Rep. Howard] Berman, chairman of the House Foreign Affairs Committee, told POLITICO. His bill has 339 co-sponsors in the House, and it might be taken up under a parliamentary process that allows quick approval of widely supported legislation.

House Majority Leader Steny Hoyer (Md.) told fellow Democrats on Thursday morning that the bill would be brought to the floor within two weeks, according to Democratic aides. The Senate Banking, Housing and Urban Affairs Committee passed similar legislation at the end of October, although it is unclear if and when Senate Majority Leader Harry Reid (D-Nev.) plans to bring that bill up for a vote.

The Iran Refined Petroleum Sanctions Act would strengthen the president’s authority to sanction companies that help Iran import or produce refined petroleum, which is seen as potentially having a large impact on Iran’s economy because the country imports 40 percent of its refined petroleum.

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