Latest in Terrorism Risk Insurance Act
In her recommendation, Judge Netburn argued that plaintiffs’ motions in these cases should be denied for three reasons.
Early this month, Congressman Patrick Meehan (R-PA) was joined by Representatives Jackie Walorski (R-IN) and Sean Duffy (R-WI) in introducing H.R. 3457, the Justice for Victims of Iranian Terrorism Act. Today, the White House released a statement threatening to veto the bill, which would tie the hands of the president and prevent him from providing sanctions relief to Iran as outlined in the JCPOA until after Tehran paid "each judgment against Iran" for its role in financing terrorism.
Two dozen plaintiffs filed suit yesterday in the U.S. District Court of the Southern District of New York to enjoin the Obama administration from releasing an estimated $100 billion in frozen Iranian assets as part of the nuclear deal with world powers and Tehran.