WASHINGTON, D.C. — North Carolina Republican Sen. Thom Tillis and several colleagues introduced the Revoke Iranian Funding Act to rescind the general licenses that enabled the release of the $6 billion to Iran and prevent the Iranian regime from accessing and using the funds currently held in Qatar.
Additionally, the bill directs Treasury Secretary Janet Yellen to study all high-value Iranian assets around the world that are currently blocked by U.S. sanctions and provide that information to Congress.
“The Biden administration’s reckless decision to send $6 billion to the rogue state of Iran must be reversed,” said Tillis in a statement. “Iran is the world’s largest state sponsor of terrorism and their continued financial support of Hamas enabled the cold-blooded murder of thousands of innocent Israeli civilians, including the horrific slaying of children. This legislation will ensure the United States does not provide the Iranian regime with more resources to fund terrorism and attack our allies.”