UANI Applauds U.S. House of Representatives for Passing Increased Iran Sanctions

FOR IMMEDIATE RELEASE December 15, 2011 Contact: Nathan Carleton, press@uani.com Phone: (212) 554-3296 UANI Applauds U.S. House of Representatives for Passing Increased Iran Sanctions New York, NY - United Against Nuclear Iran (UANI) President, Ambassador Mark D. Wallace, issued the following statement Thursday regarding the U.S. House of Representatives' 410-11 passage of the Iran Threat Reduction Act yesterday, which includes the Iran Transparency and Accountability Act, requiring companies to disclosure their sanctionable Iran business to the Securities and Exchange Commission (SEC): We applaud the U.S. House of Representatives for overwhelmingly voting to increase sanctions against Iran. This act would close existing loopholes in the law which corporations have been exploiting to continue their irresponsible business in Iran, and lead to potentially consequential sanctions against Iran's Central Bank. We applaud Representative Ileana Ros-Lehtinen, Chairman of the Foreign Affairs Committee, for her persistence on this critical matter, and we also thank Representative Ted Deutch for his leadership on the issue of corporate disclosure of Iran business. Such action is long overdue. The moment companies are forced to disclose their Iran business is the moment that business will end. By signing this legislation into law, President Obama can significantly ramp up the pressure on the Iranian regime, and on companies that do business there. Throughout the year, UANI has regularly called for the passage of provisions of the Iran Threat Reduction Act, including sanctioning Iran's Central Bank. The bill passed by the House includes two pieces of legislation by Congressman Ted Deutch--the Iran Transparency and Accountability Act, which requires companies to disclosure their sanctionable Iran business to the Securities and Exchange Commission (SEC) and establishes a public listing of those companies; and the Iran Human Rights and Democracy Promotion Act of 2011, which sanctions companies that contribute to the Iranian regime's oppression of its people. UANI has previously proposed regulations and legislation for adoption by the SEC and U.S. Congress, respectively, which would require companies to fully disclose their Iran business. Click here to learn more about UANI's Model Legislation. ### United Against Nuclear Iran (UANI) is a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. The prospect of a nuclear-armed Iran should concern every American and be unacceptable to the community of nations. Since 1979 the Iranian regime, most recently under President Mahmoud Ahmadinejad's leadership, has demonstrated increasingly threatening behavior and rhetoric toward the US and the West. Iran continues to defy the International Atomic Energy Agency (IAEA) and the United Nations in their attempts to monitor its nuclear activities. A number of Arab states have warned that Iran's development of nuclear weapons poses a threat to Middle East stability and could provoke a regional nuclear arms race. In short, the prospect of a nuclear armed Iran is a danger to world peace. United Against Nuclear Iran (UANI) is a non-partisan, broad-based coalition that is united in a commitment to prevent Iran from fulfilling its ambition to become a regional super-power possessing nuclear weapons. UANI is an issue-based coalition in which each coalition member will have its own interests as well as the collective goal of advancing an Iran free of nuclear weapons. The Objectives of United Against a Nuclear Iran Inform the public about the nature of the Iranian regime, including its desire and intent to possess nuclear weapons, as well as Iran's role as a state sponsor of global terrorism, and a major violator of human rights at home and abroad; Heighten awareness nationally and internationally about the danger that a nuclear armed Iran poses to the region and the world; Mobilize public support, utilize media outreach, and persuade our elected leaders to voice a robust and united American opposition to a nuclear Iran; Lay the groundwork for effective US policies in coordination with European and other allies; Persuade the regime in Tehran to desist from its quest for nuclear weapons, while striving not to punish the Iranian people, and; Promote efforts that focus on vigorous national and international, social, economic, political and diplomatic measures. UANI is led by an advisory board of outstanding national figures representing all sectors of our country.

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