Should Iran’s Frozen Assets Be Used to Compensate Victims of Terrorism?

SHOULD IRAN'S FROZEN ASSETS BE USED TO COMPENSATE VICTIMS OF TERRORISM?

Washington, DC – Amendments have been introduced to Section 11 of the Terrorism Risk Protection Act of 2002 (H.R. 3210) and its Senate version, The Terrorism Risk Insurance Act of 2002 (S.R. 2600), which if passed, will serve to broaden the ability of U.S. courts to satisfy judgments made in favor of victims of terrorist acts from the assets of terrorists, terrorist organizations, and state sponsors of terrorism. Under these provisions, the assets of Iran, frozen and commercial (unblocked), could be attached to such judgments without the need for evidence linking the Iranian government to these terrorist acts or to such commercial activities. This means that Iran’s assets, that belong to the Iranian people and that are not under the control of the current regime, would be used to compensate victims of terrorists. And, in its extreme case, businesses in the US that belong to Iranians could be confiscated without any hard evidence.

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