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The chief U.S. negotiator, Wendy Sherman, told Congress before those talks that the administration would support tougher sanctions on Iran if it didn't come to the Geneva talks with "concrete, substantive actions" and a verifiable plan to scale back its nuclear program. The United States and other world powers fear Iran is trying to develop nuclear weapons. The Islamic republic says its program is for peaceful energy production, and this week's meetings in part focused on how to scale back its enrichment of material that can be used to generate power or nuclear warhead material. The Senate Banking Committee is expected soon to draft new sanctions shortly after the government reopens, largely mirroring a House bill that passed overwhelmingly by a 400-20 vote in July and blacklisted Iran's mining and construction sectors. It also called for all Iranian oil sales to end by 2015. The Senate's bill may narrow that timeframe, block international investment in more economic sectors, try to close off Iran's foreign accounts and tighten Obama's ability to waive requirements for allies and key trading partners who continue to do business with Iran.
[Associated
Press;
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