{"id":2070280,"date":"2023-10-17T13:42:02","date_gmt":"2023-10-17T17:42:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccaul-introduces-bill-to-re-freeze-the-6-billion-in-iranian-funds\/"},"modified":"2023-10-17T13:44:12","modified_gmt":"2023-10-17T17:44:12","slug":"mccaul-introduces-bill-to-re-freeze-the-6-billion-in-iranian-funds","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccaul-introduces-bill-to-re-freeze-the-6-billion-in-iranian-funds\/","title":{"rendered":"McCaul proposes bill to halt $6B Iranian fund release."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmccaul-introduces-bill-to-re-freeze-the-6-billion-in-iranian-funds%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2070280&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>House Foreign Affairs Committee Chairman Introduces Bill to Freeze Iranian Assets<\/h2>\n<p>House Foreign Affairs\u2064 Committee Chairman Michael McCaul (R-Texas) \u200chas taken action to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccaul-introduces-bill-to-re-freeze-the-6-billion-in-iranian-funds\/\" title=\"McCaul proposes bill to halt B Iranian fund release.\">permanently freeze\u200c  billion<\/a> in Iranian assets \u200cthat\u2064 were unfrozen by\u2062 the Biden administration. This move comes\u2063 after the\u2063 administration released the\u2063 funds as part of \u200da prisoner exchange with Iran, with \u2064the assets currently held in the Qatari banking system.<\/p>\n<p>McCaul&#8217;s\u200c bill, \u2063known as the No Funds for Iranian Terrorism Act, is particularly timely as\u2064 Israel \u200cfaces attacks from Hamas, a terrorist group \u2063backed by Iran and Qatar.<\/p>\n<blockquote>\n<h3>Related Stories<\/h3>\n<ul>\n<li>\n      <a href=\"http:\/\/www.theepochtimes.com\/us\/house-democrat-calling-for-biden-to-freeze-irans-6-billion-has-history-of-backing-gaza-aid-5509743?ea_src=author_manual&#038;ea_med=related_stories\"><strong>House Democrat Calling for\u2062 Biden to Freeze Iran&#8217;s $6 Billion Has History of Backing Gaza Aid<\/strong><\/a><br \/>\n      <br \/>\n      <span class=\"text-comp-caption\">10\/13\/2023<\/span>\n    <\/li>\n<li>\n      <a href=\"http:\/\/www.theepochtimes.com\/us\/107-house-republicans-bring-bill-to-refreeze-6-billion-in-iranian-funds-5509748?ea_src=author_manual&#038;ea_med=related_stories\"><strong>107 House Republicans Bring Bill to Refreeze $6 Billion in Iranian Funds<\/strong><\/a><br \/>\n      <br \/>\n      <span class=\"text-comp-caption\">10\/13\/2023<\/span>\n    <\/li>\n<\/ul>\n<\/blockquote>\n<p>The Biden\u2062 administration has stated that there is no concrete evidence linking Iran to \u2063the Hamas attacks, despite conflicting reports from The Wall Street Journal.<\/p>\n<div class=\"my-5\">There have\u2063 been bipartisan calls \u2063for the Biden administration to refreeze the $6 billion. <a href=\"https:\/\/www.theepochtimes.com\/us\/bipartisan-lawmakers-press-biden-admin-to-refreeze-6-billion-in-iranian-assets-after-hamas-attacks-5509041\" target=\"_blank\" rel=\"noopener\">Learn \u2063more<\/a>.<\/div>\n<p>The State\u200c Department argues that it has the authority to refreeze\u200c the $6 billion, asserting that the funds are restricted to humanitarian and non-military purposes. However,\u2062 critics argue that the money \u2063is fungible, meaning it can be used for any \u200cpurpose, including \u2063supporting \u200bterrorism.<\/p>\n<p>According to the Biden administration, the\u200b recent Hamas-Israel\u200b conflict, which began on \u2062Oct. 7, has resulted in the deaths of over 4,000 people, including\u200b at least 30 Americans.<\/p>\n<p>&#8220;No \u2063matter what\u200b assurances the \u200dBiden administration makes, the president of Iran has said he \u200dwould use this money however he wants,&#8221; stated \u200bMcCaul.\u200d &#8220;Iran is the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/why-joe-bidens-foreign-policy-reset-will-be-a-disaster\/\" title=\"Why Joe Biden\u2019s Foreign Policy \u2018Reset\u2019 Will Be A Disaster\">largest state sponsor<\/a> of terror in \u2064the\u2063 world. We \u2063cannot give them another $6 billion for their terror operations, which include \u2064ongoing \u2063support for Hamas\u2019 unprovoked war against \u2064our ally Israel.&#8221;<\/p>\n<p>The bill currently has 24 cosponsors and awaits \u200bfurther \u2064action in the House.<\/p>\n<p>The Epoch Times has reached out to the White House \u2062for comment \u200don the bill, but a response is pending until the House elects a speaker, scheduled for Oct. 17 \u200dat 12\u2062 p.m. ET.<\/p>\n<p>Rep. Jim Jordan (R-Ohio) has gained \u200bmomentum in\u200d his bid for\u200d the speaker position, rallying support by\u200c highlighting the \u200cwar in Israel \u2063as \u2064a pressing issue that \u200drequires House leadership. This comes \u2063after the removal of Rep. \u200bKevin McCarthy (R-Calif.) on Oct.\u200b 3.<\/p>\n<p>In response\u2063 to the Hamas attacks, Israeli Prime Minister\u2064 Benjamin\u200c Netanyahu has declared war on the terrorist group, vowing to destroy their\u2063 hiding places and \u2064operational \u2063bases.<\/p>\n<p>&#8220;All the places that Hamas hides\u2062 in, operates from, we will turn them into ruins,&#8221;\u2063 Netanyahu affirmed.<\/p>\n<p>Israel has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/release-the-missiles-putin-wants-to-make-ukraine-pay\/\" title=\"Release the Missiles: Putin Wants to Make Ukraine Pay\">launched retaliatory strikes<\/a> in Hamas-controlled Gaza, and \u2062President Joe Biden is scheduled to visit Israel \u2063on Oct. \u200b18, followed by a stop in Jordan.<\/p>\n<p> <\/p>\n<h2> What are the potential dangers of released Iranian assets being used to support terrorism or destabilize the region, as expressed by \u2062members of both parties?<\/h2>\n<p><span>  On-in-iran-assets-that-could-fund-terrorism-5505612?ea_src=author_manual&#8221;>According to\u2064 The Epoch Times,<\/a> members of both parties have expressed concerns that\u200b the released funds could be used to support terrorism or further destabilize the \u200bregion.<\/div>\n<p>Chairman McCaul&#8217;s bill aims to prevent these potential\u2063 dangers by permanently freezing the \u200b$6 billion in assets. The No Funds for \u2062Iranian Terrorism Act \u200dwould not only protect American and Israeli security interests but also send \u2064a \u200cstrong message to the Iranian regime that their \u200csupport \u2062for terrorist organizations will not go unanswered.<\/p>\n<p>The bill has\u200d garnered support from both sides of \u2062the\u2064 aisle, with 107 House Republicans joining McCaul in bringing the legislation forward. This\u2064 bipartisan effort underscores the\u200c widespread recognition of the threat posed by Iran&#8217;s support \u2063for terrorism.<\/p>\n<p>While \u2063the Biden administration has expressed \u2064a desire to engage in diplomatic talks with Iran, the release of the Iranian assets has raised questions about their commitment to addressing Iran&#8217;s destabilizing activities in the region. By advocating for the freezing \u200bof these assets, Chairman McCaul \u200bis urging \u200dthe administration \u2064to prioritize the safety and security of the United States\u200b and its \u200dallies.<\/p>\n<p>In addition to the concerns over \u200bterrorism, there is also the issue of Iran&#8217;s nuclear program. The Iranian regime has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-biden-administration-cant-justify-its-awful-6b-hostage-deal-with-iran\/\" title=\"Biden's administration fails to justify its questionable B hostage deal with Iran.\">repeatedly violated international agreements<\/a> and continued to pursue its nuclear ambitions, despite previous sanctions. Freezing \u2064Iranian assets would <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/where-will-putin-stop-with-the-ukraine-crisis\/\" title=\"Where Will Putin Stop With the Ukraine Crisis?\">exert economic pressure<\/a> on the regime and potentially weaken its ability to \u2064fund its nuclear program.<\/p>\n<p>Furthermore, the involvement of Qatar\u200b in holding the \u2064Iranian assets raises additional concerns. Qatar has been known to provide financial support for \u200bextremist groups, and their role in the transfer\u200b of\u2064 these\u2064 funds adds another\u2062 layer of complexity to the situation.<\/p>\n<p>Chairman \u2064McCaul&#8217;s bill represents a vital step \u2062in addressing the threat posed by Iran&#8217;s support for terrorism and its nuclear program. By permanently\u200b freezing the $6 billion in assets, \u200cthe United States can\u200d take \u200ba proactive stance in protecting its\u200b interests and\u2063 those of \u2063its allies \u2062in the region.<\/p>\n<p>The bipartisan\u2062 support for this legislation emphasizes the need for a united front in countering Iran&#8217;s destabilizing activities. It is crucial for the Biden \u200cadministration to listen to the concerns of lawmakers from both parties and take action to \u200baddress \u200cthe potential risks associated with the\u2064 release of Iranian assets.<\/p>\n<p>As\u2062 the situation in the Middle East continues to evolve, it is imperative that the United States \u2064remains vigilant in protecting its national security \u200cinterests. Chairman McCaul&#8217;s bill\u200c provides an important\u200d tool\u2062 in achieving this goal and sends a clear message that supporting terrorism\u200d will not be tolerated.<\/p>\n<p>The No Funds for Iranian Terrorism Act serves as a reminder that \u200bthe United States will not turn a blind eye to threats posed\u200b by \u200bIran&#8217;s regime. \u2064It calls for\u200c a proactive approach to\u200c safeguard American and Israeli security interests and holds Iran accountable for\u2064 its\u200d support of terrorist organizations.<\/p>\n<p>As the bill makes its way\u200c through Congress, it is my hope that lawmakers will recognize the importance of \u2063freezing Iranian assets and \u2064take the\u200d necessary steps to pass this legislation. By doing \u2062so, we can work towards a safer and more \u2062stable Middle East, where \u2064the reign of\u2062 terrorism is\u2062 diminished, \u200cand peace and security prevail.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>House Foreign Affairs Committee Chairman Michael McCaul (R-Texas) proposed a bill to permanently freeze $6 billion in Iranian assets, which were recently unfrozen by the Biden administration. These assets, held in the Qatari banking system, were released as part of a prisoner exchange with Iran. McCaul&#8217;s bill, named the No Funds Act, aims to prevent the release of these funds.<\/p>\n","protected":false},"author":1797,"featured_media":2070282,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2070280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2070280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1797"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2070280"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2070280\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2070282"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2070280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2070280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2070280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}