Democrats introduce new bill on Russian Federation and Iran sanctions

Some Democratic members of the U.S. Congress have renewed efforts to find possible links between banks such as Germany's Deutsche Bank (DBKGn.DE), U.S. President Donald Trump and Russian Federation.

As NBC News reports, the Senate passed a bill to sanction both Russian Federation and Iran by an overwhelming 98-2 margin last month, despite concerns from the White House and State Department. The package required a process to be set up by Congress to approve any effort by the U.S. president to ease sanctions on Russian Federation. Ben Cardin (D-Md.) of the Foreign Relations Committee, and Senate Minority Leader Charles E. Schumer (D-N.Y.), along with their Democratic colleagues from their states. Reuters reported Wednesday that foreign affairs Democrats are planning on introducing an "original" version of the bill, or the text of the legislation as it was written before the Senate modifications, which would eliminate what they see as the procedural issue.

Sen. Bob Corker (R-Tenn.) said: "This is all doing nothing but helping Russian Federation". "Every day that goes by around here, mischief can happen".

"When we have an agreement, we'll announce it to everybody", McCarthy told CNN.

House leaders in both parties say they want to get the bill passed, but have continued fighting over a series of procedural disputes.

House Democrats and Republicans have been in disagreement for days over a change made by the Senate to the legislation.

The Daily Beast broke the news Monday that the Trump administration has been pushing back on the bill's provisions to grant Congress the power to review presidential efforts to ease sanctions on countries like Russian Federation.

"I don't believe that having the president's party in a position to protect him from any oversight is good policy for our country, and in fact it'd be unsafe for our country", Rep. Steny Hoyer of Maryland, the No. 2 House Democrat, said during his weekly news conference. A fix failed to satisfy House Democrats, and Hoyer said he spoke to Ryan on Tuesday evening on a possible compromise.

If the bill does pass the House, Bergmann said he believes Trump has no choice but to sign the bill into law, especially if Congress has a veto-proof majority.

Donald Trump Jr. eagerly agreed previous year to meet a woman he believed was a Russian government lawyer who might have damaging information about Democratic White House nominee Hillary Clinton, as part of Moscow's official support for his father, according to emails released on Tuesday.

"I think any witness who's been asked to testify before Congress should testify", Ryan told reporters.

Ryan's spokesman Ashley Strong said the conversation between Ryan and Hoyer was a private conversation and refused to respond. "This is grandstanding and not a serious effort to resolve this issue and hold Russian Federation accountable".

"There are some policy issues with respect to making sure that we don't actually inadvertently help Russian oligarchs and oil firms", Ryan said of some of the changes needed.

Some Republicans have also echoed concerns raised by US energy firms and European governments that the legislation could complicate investment in Russian energy projects, and potentially cost industry jobs. In trying to punish Moscow, the group said, the bill could instead penalize major American business, potentially costing billions of dollars in jobs and economic activity.

Congressional aides said sanctions or fines against other countries like those in the bill could be interpreted as affecting US government revenue.

  • Jon Douglas