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U.S. Frowns on New Iran Sanctions by Congress After Missile Test

  • Treasury has power to impose new sanctions, Szubin says
  • Iran rejects idea that its missile tests are violations
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A top Treasury Department official argued against imposing new legislative sanctions on Iran after its ballistic missile tests last month, even as he said the Islamic Republic would remain blocked from the U.S. financial system.

“New mandatory non-nuclear sanctions legislation would needlessly risk undermining our unity with international partners,” Adam Szubin, Treasury’s acting undersecretary for terrorism and financial intelligence, said at a conference Wednesday in Washington. “It is important to make sure our sanctions tools remain effective and are not overused.”