"Republican Lawmakers Introduce Bill to Block and Freeze $6 Billion in Iranian Assets"

Senator Tim Scott has introduced a bill aimed at preventing Iran from accessing $6 billion in funds that were made available in exchange for the release of American prisoners. The bill would restrict the ability of the Treasury and State departments to loosen sanctions on Iranian funds and require the Treasury Department to report on other Iranian assets blocked by US sanctions. The bill has garnered support from 21 Republican co-sponsors, including Senators McConnell and Cotton, and is seen as complementary to another bill with similar aims. Scott has also called for a hearing with Treasury Secretary Janet Yellen to discuss Iran sanctions.