President Obama Plans To Sign Into Law New Sanctions Against Iran : The Two-Way Companies and banks that deal with Iran will face still penalties and new punishment.

President Obama Plans To Sign Into Law New Sanctions Against Iran

In the White House East Room this evening, President Obama is expected to sign into law new sanctions against Iran, which the Senate and the House of Representatives overwhelmingly approved last week.

According to NPR's Michele Kelemen, the sanctions are aimed at putting even more pressure on the country to scale back its nuclear ambitions.

Companies that supply Iran with refined petroleum products face new penalties, and international banking institutions that have dealings with Iran's nuclear program and the Iranian Revolutionary Guards will be punished.

"Those measures go much further than a United Nations sanctions resolution, which was passed recently, to pressure Iran to stop enriching uranium and to return to talks to clear up questions about its suspect nuclear program," Kelemen reports.