Urging the Biden administration to rescind the release of $6,000,000,000 in frozen Iranian funds and to lawfully enforce the Taylor Force Act.

This resolution condemns the release of $6 billion in sanctioned Iranian funds and urges the immediate rescission of the waiver that allowed for the transfer of such assets. It also condemns potential violations of the Taylor Force Act, which prohibits U.S. foreign assistance from directly benefiting the Palestinian Authority except for certain humanitarian purposes.

Bill 118 H.Res. 776 is a resolution introduced in the US Congress urging the Biden administration to rescind the release of $6 billion in frozen Iranian funds and to lawfully enforce the Taylor Force Act. The Taylor Force Act, passed in 2018, prohibits US assistance to the Palestinian Authority until they cease payments to individuals involved in acts of terrorism.

The resolution argues that releasing the frozen Iranian funds would provide financial support to a state sponsor of terrorism and undermine US efforts to combat terrorism globally. It also emphasizes the importance of enforcing the Taylor Force Act to ensure that US taxpayer dollars are not used to support individuals involved in terrorist activities.

The resolution has garnered support from members of Congress who believe that it is crucial for the US to take a strong stance against terrorism and hold countries accountable for their support of terrorist organizations. It is currently being debated in Congress and has the potential to impact US foreign policy towards Iran and the Palestinian Authority.