October 20, 2023

Young Helps Introduce Bill to Freeze $6 Billion Payment to Iran Immediately

WASHINGTON  U.S. Senator Todd Young (R-Ind.), lead Republican on the Senate Foreign Relations Subcommittee on Near East, South Asia, Central Asia, and Counterterrorism, cosponsored legislation this week to block Iran from accessing the $6 billion in funds that the Biden Administration released in August and to immediately reinstate sanctions against Iran.

“The terrorist attacks in Israel are a warning about how dangerous the world is becoming. If American power and will recede, bad actors will feel empowered to fill the vacuum,” said Senator Young. “Iran facilitates the actions of Hamas, as well as other groups intent on destroying Israel. The Biden Administration must freeze the $6 billion in Iranian assets currently held in Qatar and hold Iran accountable for its violent and destabilizing actions, including support of Hamas. Additionally, the United States also must reimpose all sanctions against Iran. The Biden Administration’sdecision to ease enforcement of these sanctions has given Iran tens of billions of dollars to finance Hamas, Hezbollah, and its other terrorist proxies.”

The full legislative text can be found here.