Judgment Fund Transparency and Terrorism Financing Prevention Act of 2017

S.386
Introduced: 
February 15, 2017
115
First
February 15, 2017
Referred to Senate (sub)committee

This bill would require the Treasury to publicize the details of any payments made from the Judgment Fund, from which the U.S. makes payments in obligation of legal judgments against it. Lankford and his cosponsors introduced it in response to former U.S. president Obama’s use of the Judgment Fund to pay $1.7 b. to the Iranian government in 1/2016. That payment happened to coincide with the Iranian government’s release of 4 U.S. hostages, prompting speculation about a possible diplomatic agreement from Obama’s rivals in Congress. The Obama administration, for its part, contended that the transfer was a reimbursement from a broken agreement dating back to 1979, prior to the Iranian revolution (The Iranian government purchased military equipment from the U.S. in 1979, but the U.S. never delivered).

The bill would also bar payments from the Judgment Fund to state sponsors of terrorism. 

More info

For more information, Click Here to visit this measure’s page at congress.gov.

Legislation Topics