• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Republicans grill Biden’s Israel ambassador nominee Jack Lew in Senate hearing: ‘Win for Iran’
Economy

Republicans grill Biden’s Israel ambassador nominee Jack Lew in Senate hearing: ‘Win for Iran’

by October 19, 2023
by October 19, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Republicans on the Senate Foreign Relations Committee pressed President Biden’s nominee for ambassador to Israel, Democrat Jack Lew, on his past work on Iran sanctions during a nomination hearing Wednesday. 

Several pro-Palestinian demonstrators protesting against Israel disrupted the first few minutes of the hearing. After they were escorted out, the meeting continued uninterrupted. 

Lew defended his record on the Iran deal, known as the Joint Comprehensive Plan of Action, and asserted he would work to advance a ‘negotiated two-state solution to the Israeli-Palestinian conflict.’

‘I want to be clear, Iran is a threat to regional stability and to Israel’s existence,’ Lew said. ‘If confirmed, I will uphold President Biden’s commitment to deny Iran a nuclear weapon.’ 

In 2018, a Senate report by the investigative subcommittee of the Senate Homeland Security and Governmental Affairs Committee found that Lew, during his tenure as secretary to the Treasury under the Obama administration, ‘granted a specific license that authorized a conversion of Iranian assets worth billions of U.S. dollars using the U.S. financial system.’  

The report found that the administration tried to convert $5.7 billion from U.S. banks to Iranian assets. It noted that the Treasury’s Office of Foreign Assets Control ‘encouraged two U.S. correspondent banks to convert the funds.’

In January 2016, then-President Obama announced a $400 million cash transfer to Iran that was part of a larger installment of a $1.7 billion settlement, for which Lew faced scrutiny. The settlement was part of a long-standing disagreement over an arms deal that was signed before the 1979 Iranian revolution, signifying the end of the nation’s historical monarchy.

Lew — who also served during the Clinton administration as special assistant to the president’s office — faced scrutiny for the transfer. The Wall Street Journal reported at the time that the payment was conducted using a combination of Swiss and other foreign currencies, then transported to Iran on unidentified cargo planes.

Senators during the hearing cited these reports in their questioning.

‘As I said, to me, this whole thing is about Iran, and holding hands with Iran under the table doesn’t work for me,’ Ranking Member Sen. Jim Risch, R-Idaho said. ‘And I’m deeply disappointed that you issued that license, deeply disappointed that you didn’t tell us about it, deeply disappointed that you misled us in July.’

Sen. Marco Rubio, R-Fla., a member of the committee, echoed Risch’s concerns.

‘Your testimony is that you were not providing them access to the U.S. financial system. You then issued a special license, which is not published, maybe no one was supposed to find out about it, to help them gain access to the U.S. financial system, then asked banks to help convert the funds,’ he said. 

Sen. Ted Cruz, R-Texas, called out Lew’s record of voting in favor of the 2015 United Nations Security Council Resolution 2334, which declared Israel had ‘no legal validity,’ and said Lew was ‘a critical player in the Obama administration’s campaign of appeasement with Iran.’ 

‘You played a pivotal role in flooding over $100 billion to the Iranian regime. The Biden administration has continued that policy flooding nearly an additional $100 billion to the Iranian regime,’ he said. 

When asked if he still believed Israel was illegally occupied territory, Lew said, ‘I do not believe that it is illegally occupied.’

‘Why did you support a U.N. resolution saying that?’ Cruz asked.

‘I think that we could have a conversation about that, but it’s gonna take me more than 10 seconds to respond,’ Lew said.

GOP skepticism

Days before the hearing, a handful of GOP senators began talks that they would oppose Lew’s confirmation, which Democrats on the committee say they want to push through quickly to show support for Israel. 

A vote will take place in a business meeting next week. If approved, Lew will have to be confirmed by the entire Senate.

Lawmakers have been critical of Iran over longstanding support for Hamas, which recently attacked Israel. The GOP has criticized Biden for approving the $6 billion deal Iran in exchange for the release of American hostages

The deal allowed the transfer of Iran’s frozen assets held in a South Korean bank to accounts in Qatar.

The administration said the money can only be used for humanitarian purposes and that the U.S. will have oversight as to how and when the funds are used. However, it quickly drew skepticism about whether those funds could have been used to fund the surprise attack in Israel after a bombshell Wall Street Journal report said Hamas and Hezbollah helped Iran plan the attack.

‘Appointing Jack Lew as U.S. Ambassador to Israel would be a win for Iran,’ Sen. Marsha Blackburn, R-Tenn., told Fox News Digital on Wednesday. ‘As Treasury Secretary under President Obama, Mr. Lew was responsible for administering sanctions as a part of the dangerous Iran nuclear deal that he boldly championed. Now, as Israel faces an egregious attack from Iran-backed Hamas, we need to send a U.S. representative to Israel who will support our shared interests and strengthen our relationship. That representative is not Jack Lew.’ 

Sen. Tom Cotton, R-Ark., who sits on the Senate Armed Services Committee, told Fox News Digital on Monday evening that he will vote to oppose Lew during a confirmation vote if he proceeds to a full confirmation and that he will be leading an effort to persuade other GOP colleagues this week to block his confirmation.

‘I know my Democratic colleagues contend that we should confirm Jack Lew properly to show our support for Israel, but I would turn that around. We should defeat Jack Lew’s nomination to show that our nation has a new policy towards Iran.’ Cotton said.

A Senate GOP aide also told Fox News Digital Wednesday that a handful of Republicans are likely to oppose Lew, which would delay his expected confirmation. 

Jamie Joseph is a writer who covers politics. She leads Fox News Digital coverage of the Senate. 

This post appeared first on FOX NEWS
You Might Also Like
  • Country megastar Morgan Wallen canceled the Cancel Culture mob
  • Migrant encounters in February down to lowest level since Jan 2022; Biden admin credits new border measures
  • Biden admin blocks more than 1.5 million acres from oil drilling after eco groups’ legal challenges
  • Trump ally Lindsey Graham booed off stage at South Carolina MAGA rally near his hometown
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Israel arrests 63 Hamas operatives in West Bank
next post
Potential speaker candidates emerge from shadows as Jordan’s bid falters

You may also like

Biden’s doc not talking as White House spurns press corps...

July 11, 2024

PHOTOS: Trump pleads not guilty on federal charges in Miami;...

June 14, 2023

Biden admin’s Venezuela appeasement backfires as Maduro suspends primaries for...

November 1, 2023

GOP lawmakers block Biden security aid to Ukraine, Israel and...

December 7, 2023

Biden-Harris admin working to ‘Trump-proof’ hundreds of DOJ jobs, watchdog...

August 28, 2024

Putting Aggregate Demand and Aggregate Supply to Work

December 30, 2022

Biden admin takes aim at hunters in latest regulation: ‘Preventing...

June 23, 2023

Republicans demand answers from regulators on possible Chinese exposure of...

May 3, 2023

Rick Scott demands answers on NIH funding that went to...

March 18, 2023

Louisiana Republicans vote to override governor’s veto on minor gender...

July 19, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Here’s What’s Fueling the Moves in Bitcoin, Gaming, and Metals

      July 12, 2025
    • 3 Stocks Seasoned Investors Should Watch

      July 11, 2025
    • What Happens Next for the S&P 500? Pick Your Path!

      July 11, 2025
    • These 25 Stocks Drive the Market: Are You Watching Them?

      July 11, 2025
    • The CappThesis Market Strength Indicator: What It’s Telling Us Now

      July 11, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,578 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,451 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,172)
    • Investing (538)
    • Stock (2,668)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Here’s What’s Fueling the Moves in Bitcoin, Gaming, and Metals

      July 12, 2025
    • 3 Stocks Seasoned Investors Should Watch

      July 11, 2025
    • What Happens Next for the S&P 500? Pick Your Path!

      July 11, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,172)
    • Investing (538)
    • Stock (2,668)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Super Micro Computer (SMCI) Stocks Volatility:...

    October 15, 2024

    Susan Collins to write in Nikki...

    July 12, 2024

    No longer ‘any dispute’ Biden ‘lied’...

    September 29, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here