Thursday, May 13, 2010

Congress seeks to punish U.S. goverment contractors for business with Iran

WASHINGTON (AHN) - A Senate committee discussed options during a hearing Wednesday for penalizing foreign companies that hold U.S. government contracts while still doing business with Iran.

The Senate hearing follows a Government Accountability Office report that found the U.S. government gave contracts worth nearly $880 million to seven foreign companies that dealt with Iran.

(Full story)

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