Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian resistance to hand over Israeli captive body at 9 pm local time.
Syrian media: Israeli occupation forces entered the Quneitra countryside and set up a checkpoint between the village of Ufania and Khan Arnabeh to inspect civilian vehicles.
Palestinian Ministry of Health: Two children killed by the gunfire of Israeli occupation forces in the town of al-Judeira, occupied al-Quds, and their bodies are being withheld
Iranian Foreign Ministry: We express our solidarity with the Lebanese government and people in the face of these criminal attacks and our support for the legitimate resistance
The Iranian Foreign Ministry stressed that the United Nations, the international community, and regional countries bear responsibility for confronting what it described as "Israel’s" growing tendency to ignite wars
Iranian Foreign Ministry: We strongly condemn the Israeli entity's extensive military aggression against Lebanon
Japanese Prime Minister: No confirmations regarding damage caused by the North Korean missile
Japanese Prime Minister: North Korean missile likely landed outside Japan's exclusive economic zone
Japan Coast Guard reports North Korea fired a ballistic missile
I just held a great call between Prime Minister Benjamin Netanyahu, of "Israel," and President Kassym-Jomart Tokayev, of Kazakhstan

House passes bill to permanently re-freeze Iran's $6bln oil funds

  • By Al Mayadeen English
  • Source: News websites
  • 1 Dec 2023 09:44
  • 3 Shares
3 Min Read

The bill passed in a 307-119 vote, with all Republicans but one voting in favor and almost half of Democrats voting against.

  • x
  • Rep. Michael McCaul, R-Texas at the Capitol in Washington, Tuesday, Nov. 14, 2023. (AP)
    Rep. Michael McCaul, R-Texas at the Capitol in Washington, Tuesday, Nov. 14, 2023 (AP)

The House passed a bill on Thursday to permanently and completely freeze Iran's $6 billion in funds it had promised to return to Iran earlier this year in exchange for the release of five American prisoners.

The bill was introduced by Representative Michael McCaul and passed in a 307-119 vote, with all Republicans but one voting in favor of it and almost half of Democrats voting against it.

Since the deal was struck in August, Republicans have criticized it, accusing the Biden administration of capitulating to Iran.

Representative Keith Self argued on the House floor that "strength is the only language understood by adversaries."

In defense of the decision to unfreeze $6 billion at the time, the White House maintained that it was necessary to secure the release of the five Americans. The Biden administration also contended that the funds could only be utilized for humanitarian purposes. However, Iran has pledged to use the money as it sees fit.

Representative Gregory Meeks, the ranking member of the House Foreign Affairs Committee (HFAC), countered Republican claims by stating that "not a single penny of the funds has been spent by Iran." Meeks argued that breaking the deal would harm US global credibility and commended Biden for taking the right action in prioritizing the detained Americans.M

Meeks said, “I ask my colleagues on the other side, what do you say to those families? Do we renege on the deal?”

Related News

Russia closely monitoring US nuclear moves, says Zakharova

EU defense chief urges US to coordinate troop withdrawal with allies

McCaul, on the other hand, had judged the naivety of the administration and claimed that there were no guarantees that Iran would use the money for humanitarian purposes.

While I'm relieved innocent Americans held in Iran have returned home safely, the Biden admin's dangerous $6b hostage deal put a price on every American head all over the world.

My bill would freeze those funds & repair the damage. Watch my remarks today on the House floor ⬇️ pic.twitter.com/znNO2HmT8A

— Michael McCaul (@RepMcCaul) November 30, 2023

In a post on X, Rep. McCaul confirmed the release of the American prisoners but still advocated for the bill, signifying a serious infringement. 

Using Al-Aqsa Flood Operation as an excuse

In October, the US administration began discussing the possibility of refreezing the money to condemn Hamas following Operation al-Aqsa Flood, as well as Ansar Allah in Yemen, as claims of Iranian complicity in the backing of these groups were raised, and the possibility of imposing new sanctions on Iran, keeping all options open, although no proof was provided to prove the US claims. 

This comes although John Kirby, the spokesperson for the National Security Council, confirmed that there is no hard evidence pointing to Iran's involvement in Operation Al-Aqsa Flood.

"We haven't seen hard, tangible evidence that Iran was directly involved in participating in or resourcing, planning, these sorts of complex attacks that Hamas pulled off over the weekend," he said

Senate Minority Leader Mitch McConnell, who is co-sponsoring a measure to re-freeze the funds, claimed that the connection between resources, training, and weapons from Tehran to fighters in the Middle East is evident.

Read more: DoJ admits US looted 1 million barrels of Iranian oil in April

  • United States
  • Iranian funds
  • Operation Al-Aqsa Flood
  • US
  • Islamic Republic of Iran
  • Iran
War on Gaza

War on Gaza

Most Read

People walk past a domestically-built missile "Khaibar-buster," and banners showing portraits of Iranian Leader Ayatollah Ali Khamenei, center, and the late armed forces commanders at Baharestan Square in Tehran, Thursday, September 25, 2025

IRGC reveals new details on Haniyeh assassination and Iran’s response

  • Politics
  • 3 Nov 2025
Jimmy Wales speaking in Montreal, April 11, 2016. (AP / PA Images)

Wikipedia founder comments on Gaza genocide article sparks backlash

  • Politics
  • 3 Nov 2025
The US and Puerto Rican flags. (AFP)

US imposes flight restrictions off Puerto Rico under Pentagon orders

  • Politics
  • 31 Oct 2025
Erasing evidence: Over 700 videos of Israeli crimes deleted by YouTube

Erasing evidence: Over 700 videos of Israeli crimes wiped off YouTube

  • Politics
  • 5 Nov 2025

Coverage

All
War on Gaza

Read Next

All
The moment the US airstrike targeted a boat in the Caribbean in a video released on November 7, 2025 (Pete Hegseth on X)
Politics

New US strike on alleged 'drug boat' in Caribbean kills three people

Several fall ill at a US base due to a suspicious white powder package.
Miscellaneous

Several fall ill at US base due to suspicious white powder package

An aircraft lands at Philadelphia International Airport in Philadelphia, Thursday, November 6, 2025 (AP)
Miscellaneous

Judge criticizes DOJ as Boeing avoids prosecution over 737 MAX crashes

Mexican President Claudia Sheinbaum holds a morning press conference at the National Palace in Mexico City, Monday, November 3, 2025 (AP)
Politics

Mexicans 'united against any interference' in country: Sheinbaum

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS