The US House of Representatives on Tuesday overwhelming passed legislation calling for Iran’s Revolutionary Guard to be designated a terrorist organization and tightening sanctions on Tehran.
According to this legislation which was passed by 397 votes to16, foreign companies with US subsidiaries which invest in Iran particularly in oil and gas sectors will be sanctioned.
It also prohibits civilian nuclear cooperation with nations that support Iran’s nuclear program and calls on the US government to urge foreign states and banks to divest from Iranian interests.
The bill also calls on the State Department to designate the Islamic Revolutionary Guard as a “foregin terrorist organization” and therefore open the corps and companies associated with it to economic sanctions.