On June 30, 2015, the P5+1, the EU, and Iran decided to extend the Joint Plan of Action (“JPOA”) for seven days in order to continue ongoing negotiations. Accordingly, both the US Government and the EU have announced that the temporary sanctions relief provided for in the JPOA would be extended through July 7, 2015. As part of this extension, all specific licenses with an expiration date of June 30, 2015 that were issued…
On 22 May 2015, President Barack Obama signed the Iran Nuclear Agreement Review Act of 2015. This legislation requires that any final nuclear deal reached with Iran be presented to Congress and provides a period during which Congress can adopt a resolution approving or rejecting the deal. For more information about this legislation, please see our previous blog posts on 8 May 2015 and 19 May 2015.
The US House of Representatives passed the Iran Nuclear Agreement Review Act of 2015 http://www.gpo.gov/fdsys/pkg/BILLS-114hr1191enr/pdf/BILLS-114hr1191enr.pdf on May 14, 2015 by a vote of 400 to 25. On May 18, 2015, this legislation was presented to President Obama, who is expected to sign it into law. It requires that any final nuclear deal reached with Iran as part of the P5+1 negotiations with Iran be presented to Congress within 5 calendar days. Parties to the negotiations…
On May 7, 2015, with a final vote of 98-1, the Senate overwhelmingly approved a bill that would establish congressional review for any nuclear deal with Iran as part of the P5+1 negotiations with Iran. We reported on the P5+1 Iran nuclear agreement framework in our April 2nd blog post. This legislation, if passed, would establish a 30-day period in which Congress could by resolution either approve or reject any final nuclear deal reached with…