GOP senators call on Biden to freeze $6 billion in Iranian funds
Fox News
Republican lawmakers are calling for the immediate freeze of Iran's $6 billion in assets that were released from South Korean accounts last month.
While the administration said the funds can only be used for humanitarian aid and other resources for Iranian citizens, lawmakers argue that the "money is fungible" — meaning that a unit of currency is interchangeable with another unit of the same value. Jamie Joseph is a writer who covers politics. She leads Fox News Digital coverage of the Senate.
"Your administration claims these funds are only available for humanitarian use, but money is fungible, and there is a significant risk they could be used to further efforts by Iran or Hamas against Israel," they wrote. "Moreover, allowing $6 billion to flow into Iran’s economy, even if the purpose is for humanitarian aid, allows the Iranian regime to reallocate even more funds to supporting terrorism."