Economic sanctions are a fairly heavy hand to impose on a government. They often penalize the people more so than they penalize the regime in question, because they have an impact on the economic environment.
But more importantly, in this situation, the government has undertaken to do an investigation into the situation that led to the violence on October 9. Certainly it did not in any way condone the violence that occurred earlier this year and in 2010. There are indications that much of this violence is associated with extremists within Egyptian society, and therefore, at this point, it would seem more appropriate for us to be encouraging the government to fulfill its obligation to undertake that investigation and to be transparent about the outcome of it, rather than to be sanctioning the government.