Senate OKs extension of agreement with Iran

The U.S. Senate approved a 10-year extension of the Iran sanctions law. The bill now goes to President Barack Obama. He’s expected to sign it.

The legislation was unanimously approved by the Senate to renew a decades-old law allowing the U.S. to impose sanctions on companies for doing business with Iran.

Senators have voted 99-0 to extend the Iran Sanctions Act for 10 more years. The House already passed the legislation..

According to lawmakers, the bill allows the U.S. to punish Iran should Iran fail to live up to the terms of the landmark nuclear deal.