• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy GOP senators could block Jack Lew from Israel ambassadorship over controversial past with Iran
Economy

GOP senators could block Jack Lew from Israel ambassadorship over controversial past with Iran

by October 17, 2023
by October 17, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Some GOP senators are signaling they may oppose Biden-nominated Jack Lew from the ambassadorship to Israel due to his record on Iran relations during his time as secretary to the Treasury. 

Lew will appear before the Senate Foreign Relations Committee on Wednesday for a nomination hearing.

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.’  

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, 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.

‘Jack Lew, Biden’s nom to be USAMB to Israel, was key point man in negotiations & disinfo campaign for Obama’s dangerously flawed deal w Iran,’ Sen. Bill Hagerty, R-Tenn., posted on X, formerly Twitter. ‘The consequences are felt today as Iran — flush w cash due to Biden’s push to revive the deal at any cost — has fueled carnage in Israel.’

Sen. Marco Rubio, R-Fla., also said on X: ‘We need to have an ambassador in Israel, but it has to be the right person.’ Rubio is on the Senate Foreign Relations Committee.

Cotton previously told Fox News’ Shannon Bream on Sunday, ‘Absolutely not’ to confirming Lew.

‘Jack Lew is an Iran sympathizer who has no business being our ambassador. It’s bad for the United States,’ he said. ‘It’s bad for Israel to have an Iran sympathizer as our ambassador to that country. He helped Iran evade American sanctions, and he lied to Congress about it. He defended the Obama administration’s refusal to use our veto … in the final days of the Obama administration to protect Israel from anti-Semitic resolutions.’

In January 2016, President Obama announced a $400 million cash transfer to Iran, which was part of a larger installment of a $1.7 billion settlement for a longstanding disagreement over an arms deal with Iran. Lew faced scrutiny at the time for the transfer, which was signed before the 1979 Iranian Revolution, signifying the end of Iran’s historical monarchy.

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

‘Right now, it is as critical as ever that we have a Senate-confirmed ambassador in Israel,’ Sen. Ben Cardin, D-Md., chairman of the Foreign Relations Committee, said in a statement when the war broke out last week.

He added, ‘That is why I hope my colleagues will join me in promptly confirming Secretary Jacob J. Lew as the new U.S. Ambassador to Israel.

‘I look forward to working with my colleagues, both Republican and Democratic, in moving forward on such steps swiftly to demonstrate the longstanding bipartisan support for the U.S.-Israel partnership. And I look forward to supporting the administration in its efforts to do the same.’

Lawmakers have been critical of Iran over its involvement aiding Hamas in attacking Israel, claiming a $6 billion deal with the nation in exchange for five American prisoners last month was used to support the attack.

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. But 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.

Lew declined to comment when reached Monday night by Fox News Digital.

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
  • Team investigating Trump classified docs includes seasoned DOJ officials who prosecuted his top allies
  • France’s Macron says Israeli campaign against Hamas in Gaza must be ‘without mercy’
  • Mitch McConnell discharged from physical therapy after concussion treatment
  • CENTCOM releases statement after latest Houthi attack in Yemen: ‘Designed to degrade the Houthi’s ability’
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Jordan seeks to quell doubts about speaker bid at GOP conference meeting after a day of growing support
next post
Biden admin set to allow Iran UN sanctions on ballistic missile program to expire: ‘Huge victory for Tehran’

You may also like

GOP blasts Dems’ ‘out-of-touch’ warning of no more White House...

April 27, 2024

Biden announces that Israel and Hamas have agreed to a...

July 12, 2024

Trump appears to take aim at potential 2024 GOP rivals,...

January 29, 2023

Trump campaign blackballs DeSantis staffers: report

March 26, 2023

Kaspersky security software is banned in America: What you need...

June 23, 2024

Trump campaign outlines key reasons why Vance was last man...

July 16, 2024

Trump picks up another big-name endorsement over Republican challengers in...

September 9, 2023

House committee says Fauci ‘prompted’ drafting of medical paper to...

March 6, 2023

US forces in Middle East attacked more than 8 times...

January 9, 2024

State Department re-issues dire ‘Do Not Travel’ warning for Venezuela

May 24, 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

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025

    Popular Posts

    • 1

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

      June 27, 2024 2,765 views
    • 2

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

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

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

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    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

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    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

    Biden’s DEI mandates creating very real...

    April 3, 2024

    Majority of GOP voters say DeSantis...

    August 25, 2023

    Vice President Kamala Harris attempts to...

    July 13, 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