The sanctions bill targeting Russia, Iran and North Korea that the United States Congress passed almost unanimously in the last week of July is a flagrant violation not only of international law, in that it decrees that U.S. law must also apply to sovereign foreign countries, but also of the American Constitution, as it severely narrows the President’s power to define and carry out foreign policy. The intent of the bill is clearly to torpedo the Trump Administration’s efforts to improve relations with Russia. That, in turn, seriously heightens the danger of thermonuclear world war.
Democratic Representative Marcy Kaptur of Ohio held a press conference in the House of Representatives on Feb. 1 to announce her introduction of a bill to re-enact Glass-Steagall legislation. Twenty-six other Members of Congress co-sponsored the bill, three of whom made short statements: Republican Walter Jones and Democrats Tim Ryan and Tulsi Gabbard. Bartlett Naylor, an expert on financial markets from Public Citizen, also spoke shortly.