Thomas C. Bogle
Washington, D.C. +1 202 261 3360
President Obama signed into law on Aug. 10, 2012, the Iran Threat Reduction and Syria Human Rights Act of 2012 (the Act). The act, like the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 (CISADA), broadens the sanctions programs put forth by the Iran Sanctions Act of 1996 (ISA) and otherwise significantly expands the extraterritorial impact of U.S. sanctions.
This article provides an overview of the expansion of sanctions under the act and the potential impact on both U.S. and non-U.S. firms.