Senators Want to Bar Contracts to Foreign Companies Selling IT to Iran

Two senators plan to introduce a bill that would bar foreign companies that sell technology to Iran from receiving federal contracts. Senators Charles Schumer, D-NY, and Lindsey Graham, R-SC, said they wrote up the legislation after the Wall Street Journal reported on June 22 that a joint venture of Nokia of Finland and Siemens AG of Germany had sold a sophisticated Internet-monitoring system to Iran in 2008. Schumer and Graham’s bill would require the Obama administration to identify foreign companies that export sensitive technology to Iran and ban them from bidding on federal contracts, or renew expiring ones, unless they first stop exports to Iran