Market brief · Economy & rates

Sweeping Russia-Iran Sanctions Bill Advances Toward House Vote

The US House Rules Committee has advanced legislation imposing tougher sanctions on Russia and Iran, clearing a key procedural hurdle for a possible House vote later this week but exposing deep Democratic concerns over the measure's expansion of presidential tariff authority. The committee voted 7-3 late on September 14 to advance a rule setting up debate on the legislation. Debate on the rule is expected to begin around noon local time on September 15. If the rule is approved, the House is expected to consider final passage of the sanctions package…