Saudi Arabia threatens to sell off US assets if Congress passes 9/11 bill

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Saudi Arabia threatens to sell off US assets if Congress passes 9/11 bill

Post by Guest on Sat Apr 16, 2016 5:07 pm

Officials in Saudi Arabia have reportedly told the Obama administration they will sell off hundreds of billions of dollars of American assets if Congress passes a bill that would allow the Saudi government to be held responsible for any role in the September 11 attacks. On the eve of President Barack Obama’s visit to Saudi Arabia, theNew York Times said the White House had been lobbying Congress to block the bill’s passage and that the threat from Saudi Arabia had been the subject of intense talks. It said that Adel al-Jubeir, the Saudi foreign minister, delivered the kingdom’s message last month during a trip to Washington, telling legislators that Saudi Arabia would be forced to sell up to $750bn in treasury securities and other assets in the United States before they could be in danger of being frozen by American courts.

http://www.independent.co.uk/news/world/middle-east/saudi-arabia-threatens-to-sell-off-us-assets-if-congress-passes-911-bill-a6987281.html

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Saudi Arabia threatens U.S. with economic retaliation if it passes Justice Against Sponsors of Terrorism Act

Post by Ben Reilly on Sun Apr 17, 2016 7:09 pm

Saudi Arabia threatened to sell up to $750 billion worth of US assets held by the Kingdom if Congress passes a bill that would allow the Saudi government to be sued over 9/11, reports The New York Times' Mark Mazzetti.

Saudi Foreign Minister, Adel al-Jubeir, personally passed on the message last month during a trip to Washington, according to The Times.

The foreign minister was referring to the Justice Against Sponsors of Terrorism Act, (JASTA) which would let victims of 9/11 and other terrorist acts sue foreign sponsors of terrorism.

As Vice News noted when it was reintroduced in September, the Senate bill would pave the way for a lawsuit to proceed over Saudi Arabia's alleged role in the 9/11 terror attacks.

Saudi Arabia has been arguing that it's immune from liability over 9/11 under a 1976 law that makes it difficult to sue foreign countries in US courts. However, the JASTA legislation would allow victims of terrorism on US soil to sue foreign sponsors of terrorism.

The Obama administration has been lobbying Congress to block the bill's passage, administration officials and congressional aides from both parties told The Times. The administration argues that the legislation would put Americans at legal risk overseas.

https://www.yahoo.com/news/saudis-threaten-sell-750-billion-173000859.html

Sad to see Obama trying to get Congress not to pass this bill. We need to cut ties with the Saudi regime.
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