Iran sanctions bill passes Senate panel

Members of the Senate Banking Committee on Thursday passed a bill that would impose sanctions on Iran if a comprehensive agreement to roll back its nuclear program is not reached by June 30.

The bill, co-authored by Sens. Mark KirkMark KirkMcConnell: Senate to try to repeal ObamaCare next week GOP senator: Not 'appropriate' to repeal ObamaCare without replacement GOP's repeal-only plan quickly collapses in Senate MORE (R-Ill.) and Robert MenendezRobert MenendezBipartisan group, Netflix actress back bill for American Latino Museum The Mideast-focused Senate letter we need to see Taiwan deserves to participate in United Nations MORE (D-N.J.), passed in the committee by an 18-4 vote.

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All 12 Republicans on the committee voted for the bill, as did six Democrats.

The Democrats that voted for the bill included Sens. Menendez, Chuck SchumerCharles SchumerBipartisan group of governors call on GOP to reject skinny repeal Democrats threaten to play hardball on ObamaCare repeal Lawmakers push to toughen foreign lobbying rules MORE (D-N.Y.), Jon TesterJon TesterGOP Senator forces Dems to vote on single payer Vulnerable senators raise big money ahead of 2018 'Kate's Law' battle shifts to the Senate, testing Dems MORE (D-Mont.), Mark R. Warner (D-Va.) Heidi HeitkampHeidi HeitkampRegulatory experts push Senate leaders for regulatory reform Why governors hold power in the battle for GOP healthcare votes Vulnerable senators raise big money ahead of 2018 MORE (D-N.D.), and Joe DonnellyJoe DonnellyDems don’t want to help GOP improve repeal bill GOP Senator forces Dems to vote on single payer GOP's Messer to announce Senate bid against Donnelly next month MORE (D-Ind.).

Schumer called the bill "a good step forward."

"If they don't come to a tough strong agreement...there will be further sanctions and further actions," he said.

Democrats who voted against included Sens. Sherrod BrownSherrod BrownSenate Dems launch talkathon ahead of ObamaCare repeal vote GOP Senate candidate attacks Anti-Defamation League for ‘witchhunt' on far right Senate Banking leaders introduce flood insurance bill MORE (D-Ohio), the committee’s ranking member, Jack ReedJack ReedCollins apologizes for calling GOP rep 'so unattractive' on hot mic Overnight Finance: House votes to repeal arbitration rule | Yellen, Cohn on Trump's list for Fed chief | House passes Russia sanctions deal | GOP centrists push back on border wall funding Senate panel rejects Trump’s effort to slash transportation funding MORE (D-R.I.), Jeff MerkleyJeff MerkleyDems don’t want to help GOP improve repeal bill OPINION | Shailene Woodley: US should run on renewable energy by 2050 Gore wishes Mikulski a happy birthday at 'Inconvenient Sequel' premiere MORE (D-Ore.), and Elizabeth WarrenElizabeth WarrenSanders: Dems won't vote on 'sham' single payer amendment GOP Senator forces Dems to vote on single payer Dem says ObamaCare repeal effort moves US ‘toward single-payer’ MORE (D-Mass.).

The bill, which is softer than one proposed last year by Kirk and Menendez, would allow the president to waive sanctions indefinitely for 30 days at a time.

Last year’s bill garnered 17 Democratic co-sponsors, but Democratic support for the current bill was not clear after President Obama threatened during his State of the Union address to veto the bill. The administration argues any sanctions legislation passed before June 30 would derail the talks by empowering hardliners in Iran who oppose a deal, and break the cohesion among negotiators from the U.S. and its allies.

Menendez, however, kept together a coalition of 10 Democrats who support the bill, promising the White House not to support a vote on the bill before March 24, by when negotiators agreed to reach a framework agreement.

Sen. Bob CorkerBob CorkerRepublicans get agreement on Russia, North Korea sanctions Senate rejects ObamaCare repeal, replacement amendment Senate votes to begin ObamaCare repeal debate MORE (R-Tenn.) said that promise would effectively delay a vote on the Senate floor of the vote until then.

"All of us understand it's not going to be voted on before March 24," he said.

Brown urged lawmakers to wait until June 30 the negotiators’ deadline for an agreement.

"Congress should have the collective patience to wait until the end of June to see whether our negotiators can resolve the nuclear issue with Iran through diplomacy," Brown said.

"Once that is determined, Congress and the president will unquestionably join hands in applying greater pressure," he added.

The passage of the bill in committee, however, is a sign that Democrats are running out of patience.

With 54 Republicans in the Senate, Democratic support of the bill is necessary to reach a veto-proof majority of 67 votes.

The committee also passed several amendments during the mark-up session.

An amendment by Banking Committee Chairman Richard Shelby (R-Ala.) would require the Treasury Department to submit an assessment on economic sanctions relief five days after a deal is reached.

Another amendment, from Sen. Pat Toomey (R-Penn.), would require Congress to vote on any final deal reached.

The panel also approved two amendments from Sen. David VitterDavid VitterOvernight Energy: Trump set to propose sharp cuts to EPA, energy spending Former La. official tapped as lead offshore drilling regulator Former senator who crafted chemicals law to lobby for chemicals industry MORE (R-La.) that insert into the bill a statement of Israel's right to defend itself and strengthen verification of Iran's cooperation with any deal.

The committee voted down two amendments by a new member, Sen. Tom CottonTom CottonSenate rejects ObamaCare repeal, replacement amendment Live coverage: Senate begins debate on ObamaCare repeal If our innovators have no reward, how will America compete? MORE (R-Ark.), that would have had all proposed sanctions kick in after July 6 -- instead of in graduated steps after July 6 -- and would have allowed the president to waive the start of the sanctions by 30 days only once instead of indefinitely.

--This report was updated at 12:40 p.m.