The House has passed a bill to block U.S. funds from reaching the Iranian regime.
The House passed a bill on Nov. 30 to block U.S. funds from reaching the Iranian regime, especially the $6 billion in Iranian assets the Biden administration recently unfroze.
The No Funds for Iranian Terrorism Act, introduced by House Foreign Affairs Committee Chairman Michael McCaul (R-Texas), passed 307–119, with one voting “present.”
The State Department has said it has the ability to refreeze the $6 billion, which is oil revenue sitting in an account in Qatar.
The bill would block Iranian funds being held in Qatar—which, like Iran, supports Hamas—and South Korea.
The Biden administration has said the funds are not fungible as they can only be used for humanitarian and other non-sanctioned activities. However, critics have pointed out that…
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