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Cotton and McConnell to Introduce Legislation to Immediately Freeze $6 Billion Payment to Iran

WASGINGTON, D.C.— Senator Tom Cotton (R-Arkansas) and Senate Republican Leader Mitch McConnell (R-Kentucky) have announced they will introduce and seek unanimous consent to pass legislation to block Iran from accessing the $6 billion in funds that the Biden administration released in August.

"Iran is the world's worst state sponsor of terrorism. In addition to funding Hamas's devastating terrorist attacks against Israel, the regime's proxies have attacked dozens of American targets in the region in recent years. The Biden administration's decision to let Iran access the $6 billion immediately freed up other money for the regime to fund its attacks in Israel. The Biden administration should immediately re-freeze the funds,"said Senator Cotton.

"The path of resources, training, and lethal weapons from Tehran to terrorists throughout the Middle East is crystal clear. On Saturday, it enabled cold-blooded killers like Hamas and Palestinian Islamic Jihad to perpetrate the deadliest day of violence against Jews in decades," said Leader McConnell. "The civilized world must re-impose serious consequences on the regime that aids and abets murderous evil against innocent Israelis. The United States must lead that effort by our example, and freezing Iranian assets is an important first step."

Text of the bill may be found here.

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