Congress is considering a new measure that would extract millions from frozen Iranian bank accounts in order to subsidize the cost of its recent downing of an American drone in the region, according to congressional sources and a copy of draft legislation viewed by the Free Beacon.
The measure, filed by Sen. Ted Cruz (R., Texas) late Monday, would require the Trump administration to assess the exact cost of the drone, which could be anywhere from $120 million to $220 million, according to sources familiar with the matter.
The move comes as congressional hawks and Iran critics seek more ways to penalize Iran for its increasingly flagrant military attacks against the United States and its assets in the Persian Gulf region. While President Donald Trump called off a strike on Iran minutes before it was to take place last week, his administration and allies in Congress continue to seek a financial price from Iran, via economic sanctions and other measures meant to squeeze the regime.
The Trump administration moved on Monday to sanction Iranian supreme leader Ali Khamenei and his associates in the Iranian Revolutionary Guard Corps (IRGC), Iran’s paramilitary fighting force that has conducted multiple terror attacks across the region. Khamenei and his hardline allies are believed to have billions stockpiled and the new sanctions will directly target these cash assets, according to Treasury Department officials. – READ MORE