On July 1, 2010, President Barack Obama, preceded by Congressional voting signaling overwhelming support, signed into law the Comprehensive Iran Sanctions Accountability and Divestment Act (“Act”). The Act is an effort by the United States to hinder what appears to be Iran’s intent to develop nuclear weapons. Action by the United States comes at a time when several countries are modifying their sanction policies in response to Iran’s actions. In recent weeks, the United Nations, the European Union, and the United Kingdom, among others, have all enacted resolutions or sanctions directed at Iran. While many elements of the Act must be implemented by regulations, and are therefore unknown at this time, this article summarizes the major changes that are now known.
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