Obama Cosponsored The Iran Counter-Proliferation Act, Which Would Designate The Iranian Revolutionary Guard As A Terrorist Organ, Prohibit Trade With Iran, Freeze Iranian Officials' Assets, Help Combat Terrorist Financing. In 2007, Obama cosponsored legislation expressing the Senate of the Senate on a variety of existing and proposed sanctions against Iran and providing mechanisms to assure a supply of nuclear fuel for peaceful means. "This legislation urges the Administration to pursue measures in the international financial sector to restrict financing in Iran and encourages foreign state-owned entities to cease investment in Iran's energy sector. It prohibits all imports from and exports to Iran. It forbids any action that would extend preferential trade treatment to Iran or that would lead to Iranian accession to the WTO. And it freezes assets of senior Iranian officials and their families...The bill prevents the United States from moving forward with a multi-billion dollar nuclear cooperation agreement with Moscow until the President certifies that Russia has suspended its nuclear assistance and the transfers of any conventional weapons and missiles to Iran...The Iran Counter-Proliferation Act also seeks to bring to light the names of companies that continue to feel it is appropriate to do business with the mullahs in Tehran. It requires the Administration to submit an annual report to Congress listing any foreign investments in Iran's energy sector since January 1 of this year and a determination on whether such investment is sanctionable under the Iran Sanctions Act. And it requires a report listing companies with American operations, whether or not they are incorporated in the United States, which invest in Iran...This legislation will reduce our contributions to the World Bank by the percentage of total money the World Bank loans to entities in Iran...The Iran Counter-Proliferation Act calls on the Administration to designate the Iranian Revolutionary Guard as a Foreign Terrorist Organization and to add it to the Treasury's list of Specially Designated Global Terrorists. Funding is increased for the Office of Terrorism and Financial Intelligence to strengthen the Treasury's efforts to combat unlawful or terrorist financing...This legislation designates $10 million in funding to enhance our friendship with the people of Iran by identifying young Iranians to visit the United States under U.S. exchange programs." [S. 970, 110th Congress, Introduced 3/22/07; Congressional Record, 3/22/07]

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Barack Obama For President 2008 !!!