Senate panel advances Iran sanctions bill

Reuters News
Posted: Jan 29, 2015 11:05 AM

WASHINGTON (Reuters) - The U.S. Senate Banking Committee voted 18-4 on Thursday to advance a bill that would toughen sanctions on Iran if international negotiators fail to reach an agreement on Tehran's nuclear program by the end of June.

However, the bill is not expected to come for a vote in the full Senate until at least March 24, after a group of senators, in the face of President Barack Obama's threat to veto the measure, reached an agreement to hold off for two months to allow time to reach a diplomatic solution.

(Reporting by Patricia Zengerle; Editing by Mohammad Zargham)