An interesting bill has been introduced by brand new Congressman Ted Deutch (D-FL) regarding some add ons to the sanctions regime already in place against the Iranian mullahs.The bill would require companies whose affiliates or subsidiaries who do business with Iran to list those activities on their SEC filings: The Iran Transparency and Accountability Act (ITA), which was introduced in the House last week, would force publicly traded companies to list in their regular filings all business dealings -- including the revenues and profits -- that their subsidiaries and affiliates have in Iran that could be covered by various sanctions. Already on board as co-sponsors are several top Republicans and Democrats from the Foreign Affairs Committee, but the author is someone in office just three months, Rep. Ted Deutch, Florida Democrat.Given the complexity of far-flung multinational conglomerates, sometimes the only people who can document various investments are the corporate attorneys who...(Read Full Post)