https://en.sputniknews.africa/20231201/us-house-of-representatives-passes-bill-to-refreeze-6-bln-in-iranian-funds-freed-by-biden-1063884195.html
US House of Representatives Passes Bill to Refreeze $6 Bln in Iranian Funds Freed by Biden
US House of Representatives Passes Bill to Refreeze $6 Bln in Iranian Funds Freed by Biden
Sputnik Africa
WASHINGTON (Sputnik) - The US House of Representatives passed legislation to refreeze $6 billion in Iranian funds initially released by the Biden... 01.12.2023, Sputnik Africa
2023-12-01T11:14+0100
2023-12-01T11:14+0100
2023-12-01T11:14+0100
joe biden
united states (us)
iran
qatar
house of representatives
hamas
hezbollah
us sanctions
finance
middle east
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House lawmakers passed the bill, dubbed the No Funds For Iranian Terrorism Act, in a vote of 307-119 on Thursday.The legislation imposes sanctions on any financial institution that engages in transactions with the Qatari banks holding the Iranian funds, effectively freezing the money, according to a House Republican statement on the bill.The United States and Qatar agreed to block Iran from accessing the funds following Hamas’ October 7 surprise attack on Israel. The Biden administration has also stressed that that funds could only be used for humanitarian purposes.However, the money is fungible and could be used to fund the activities of groups like Hamas and Hezbollah, the House Republican statement said.
https://en.sputniknews.africa/20231113/iran-at-height-of-power-not-threatened-by-us--armed-forces-senior-commander-1063514218.html
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joe biden, united states (us), iran, qatar , house of representatives, hamas, hezbollah, us sanctions, finance, middle east, international
US House of Representatives Passes Bill to Refreeze $6 Bln in Iranian Funds Freed by Biden
WASHINGTON (Sputnik) - The US House of Representatives passed legislation to refreeze $6 billion in Iranian funds initially released by the Biden administration as part of a prisoner swap deal reached earlier this year.
House lawmakers passed the bill, dubbed the No Funds For
Iranian Terrorism Act, in a vote of 307-119 on Thursday.
The legislation imposes sanctions on any financial institution that engages in transactions with the Qatari banks holding the Iranian funds, effectively freezing the money, according to a House Republican statement on the bill.
The United States and
Qatar agreed to block Iran from accessing the funds following Hamas’ October 7 surprise attack on
Israel. The Biden administration has also stressed that that funds could only be used for humanitarian purposes.
However, the money is fungible and could be used to fund the activities of groups like Hamas and Hezbollah, the House Republican statement said.
