- Feb 5, 2006
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https://uk.finance.yahoo.com/news/us-house-passes-bill-block-163455224.html
Cutting off nose to spite face.
The House of Representatives has passed a measure that would block US aircraft sales to Iran, potentially undercutting a Boeing (NYSE: BA - news) deal with Tehran worth up to $25 billion.
Two amendments approved to an appropriations bill from Representative Peter Roskam would ban sales from Boeing and from European rival Airbus, amid concerns the aircraft could be used for military purposes, the congressman said in a statement Friday.
One amendment would prohibit the Office of Foreign Assets Control from using funds to authorize a license necessary to allow aircraft to be sold to Iran. A second would bar loans from US financial institutions to purchase militarily adaptable aircraft.
Cutting off nose to spite face.