North Charlotte Today

Senator Thom Tillis and his colleagues have introduced the Revoke Iranian Funding Act, a bill aimed at rescinding the general licenses that allowed the release of $6 billion to Iran. The purpose of the bill is to prevent the Iranian regime from accessing and using these funds to finance terrorist attacks against Israel or any other nation.

In addition to freezing the $6 billion, the bill also directs the Treasury Secretary to conduct a study on all high-value Iranian assets worldwide that are currently blocked by U.S. sanctions. The findings of this study will be provided to Congress, ensuring that lawmakers have the necessary information to potentially enact further targeted legislation.

Senator Tillis strongly criticizes the Biden Administration's decision to send $6 billion to Iran, calling it a "reckless decision" that must be reversed. He emphasizes that Iran is the world's largest state sponsor of terrorism and accuses the regime of providing financial support to Hamas, which has resulted in the deaths of thousands of innocent Israeli civilians.

Tillis states, "This legislation will ensure the United States does not provide the Iranian regime with more resources to fund terrorism and attack our allies."

The bill aims to address concerns about Iran's support for terrorist activities and to protect the interests of the United States and its allies. It underscores the importance of preventing Iran from accessing additional resources that could be used to fund terrorism.

For more information on the bill and its provisions, an overview can be found on the Senator's website.

This bill is a significant step towards tightening restrictions on Iranian funding and preventing the regime from further destabilizing the region through its support of terrorism. As the bill moves forward, it will be interesting to see the response from Congress and the potential impact it may have on U.S.-Iran relations.

For additional details, please follow this link: https://www.tillis.senate.gov/2023/10/tillis-colleagues-introduce-bill-to-freeze-6-billion-to-iran-probe-additional-iranian-assets