• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Sen Daines wants the $6 billion in Iranian assets to be used for Israeli defense
Economy

Sen Daines wants the $6 billion in Iranian assets to be used for Israeli defense

by October 20, 2023
by October 20, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

FIRST ON FOX: Sen. Steve Daines, R-Mont., introduced a bill Thursday to reallocate the $6 billion in Iranian funds to Israeli defense amid Israel’s war against Hamas.

The bill seeks to take the $6 billion, which was released to Iran in September as part of a negotiation for the release of five American prisoners, and put it into an account for Israel to use in its fight against Iran-backed Hamas. 

‘As the Iranian-backed terror group Hamas continues its barbaric attacks against the Israeli people, the United States must stand firmly by our biggest ally in the Middle East,’ Daines said in a statement. ‘The United States must not only restrict Iran’s access to Biden’s $6 billion ransom payment but also repurpose those funds to help Israel recover from these horrific actions.’

The bill also proposes that frozen Iranian assets beyond the initial $6 billion cannot be unfrozen or utilized until the president confirms to Congress that hostilities between Hamas, other Iranian-backed groups, and Israel have ceased; until full compensation has been provided to Israel for damages caused by attacks; or until Iran is actively participating in an internationally agreed mechanism to compensate Israel for determined amounts owed.

Republican lawmakers in the upper chamber have been ramping up their efforts to introduce bills pertaining to the Iranian assets this week.

Nearly 20 GOP senators are calling on the Biden administration to freeze the funds that were released to a Qatar account in exchange for five American prisoners last month.

Sen. Marsha Blackburn, R-Tenn., led a group of GOP senators on Tuesday, urging the administration to ‘limit Iran’s ability to provide support to Hamas.’

Meanwhile, Sens. Tom Cotton, R-Ark., and John Kennedy, R-La., and Senate Minority Leader Mitch McConnell, R-Ky., linked arms to introduce legislation to also freeze the assets. 

BIDEN ISSUES CRYPTIC WARNING TO IRAN AFTER ADMIN DENIES COUNTRY WAS INVOLVED IN HAMAS ATTACK: ‘BE CAREFUL’

Sen. Tim Scott, R-S.C., the ranking member of the Senate Banking Committee, also unveiled legislation Tuesday that would handicap the Treasury and State Department’s ability to relax U.S. sanctions on Iranian assets and direct the Treasury secretary to examine Iranian assets around the world currently restricted by U.S. sanctions and provide that information to Congress.

In the House, China Committee Chairman Mike Gallagher, R-Wis., led a bipartisan group of nearly 100 House lawmakers last Wednesday to urge President Biden to refreeze the $6 billion as well. 

The U.S. has a ‘quiet agreement’ with Qatar to block Iran from accessing the $6 billion amid Hamas’ terror attacks on Israel that began Oct. 7, sources familiar with the move told Fox News last week.

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
  • Lara Trump predicts US won’t be ‘the same country’ if GOP voters don’t rally behind Trump to defeat Biden
  • Indianapolis city council votes in favor of banning ‘assault’ rifles, removing concealed carry
  • Sen. Tim Scott eyes possible 2024 bid with positive message, claims Dems selling ‘drug of victimhood’
  • Wisconsin DNR board approves resolution seeking more money from Legislature
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Tesla Stock Has High Expectations: A Strong Pop or Plunge
next post
Gaza aid should go to Israel Iron Dome instead, GOP senators say: ‘Wipe Hamas’ from Earth

You may also like

Armed man impersonating law enforcement arrested at RFK Jr campaign...

September 17, 2023

Gavin Newsom says Kamala Harris will have ‘more time to...

August 21, 2024

Clarence Thomas report spurs new calls from Democrats for Supreme...

April 7, 2023

First ads backing Nikki Haley’s Republican presidential bid go up...

August 1, 2023

The Speaker’s Lobby: Dominating the DC news cycle

July 22, 2023

Bret Baier speaks with Wisconsin voters ahead of debate

August 23, 2023

Mother of wrongfully detained American on death row in China...

November 14, 2023

Belk scrubs website of kids’ LGBTQ apparel after selling trans...

June 2, 2023

RNC confirms 8 candidates to participate in first debate in...

August 22, 2023

Cameras go inside Hamas tunnel rigged with explosives that once...

January 23, 2024

    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

    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

      May 29, 2025
    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

      May 29, 2025
    • Analyzing SIL, USO, and NVDA: Could These Bullish Patterns Trigger?

      May 29, 2025
    • E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal

      May 29, 2025

    Popular Posts

    • 1

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

      June 27, 2024 2,763 views
    • 2

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

      August 9, 2024 2,470 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,449 views
    • 4

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

      July 10, 2024 2,429 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,306 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,104)
    • Investing (538)
    • Stock (2,578)

    Popular Posts

    • 1

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

      June 27, 2024
    • 2

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

      August 9, 2024
    • 3

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

      June 25, 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

    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp...

      May 29, 2025
    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

      May 29, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,104)
    • Investing (538)
    • Stock (2,578)

    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

    Netanyahu vows to invade Rafah regardless...

    February 26, 2024

    New poll reveals which party is...

    April 30, 2024

    Trump staffer blackballing DeSantis aides used...

    March 27, 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