Deputy Treasury Secretary Wally Adeyemo on Tuesday inadvertently revealed that $6 billion that the Biden administration unfrozen on Iran last year in exchange for the return of five American prisoners was likely used to fund violent activities. Approved in parliament.
Adeyemo said in testimony before the Senate Banking Committee:
Senator, you are right that money is fungible in a democracy. But what we have seen time and time again with the Iranian regime is that they fail to feed their people; [Islamic Revolutionary Guard Corps] beginning. Any money they have will be spent on acts of violence before dealing with the public. That is part of the reason why humanitarian funding is rarely used for humanitarian purposes.
They are not interested in procuring medicine or food for their people. But what’s different is that the United States has always put forward the values of being willing to provide humanitarian relief to people, and we’ve said that that’s the sole purpose of this funding. So in our country, money is fungible in Iran, but the dollars that we have direct access to in the country have proven to be used for the Revolutionary Guards before they are used for the people.
.@USTreasury Adeyemo acknowledged that for Iran, “every dollar they have will be spent on violence before they deal with their people.”
That’s why we need to pass @Senator TimScottRepeal the Iranian Financing Act to stop Iran from financing terrorism. pic.twitter.com/yDQhR9l64S
— U.S. Senate Banking Committee Republicans (@BankingGOP) April 9, 2024
Last August, the Biden administration unfrozen funds to Iran in exchange for the United States, insisting that the funds would be used only for humanitarian needs.
Republicans said the funds would be fungible, allowing Iran to free up other funds to support terrorist proxies in the region.
Shortly after the Biden administration lifted the freeze on these funds, the Iranian-backed Palestinian terrorist organization Hamas launched a devastating terrorist attack in southern Israel, killing many civilians, including women, children, and the elderly. Approximately 1,200 people died. Hamas also kidnapped about 250 people, but released fewer than half.
Other Iranian-backed proxies in Iraq and Syria have also attacked U.S. forces based in those countries. kill three people They were on the Jordan-Syria border and more than 40 people were injured.
In addition, Yemen’s Iranian-backed Houthis have launched hundreds of attacks against U.S. forces and international commercial shipping in the Red Sea. two navy special forces drowned in the Arabian Sea during a mission to intercept Iranian weapons headed for Yemen.
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