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WASHINGTON (AP) — The Bush administration announced a new tool Tuesday to freeze financial assets of those who want to destabilize Iraq.
President Bush unveiled a new executive order that allows the administration to block bank accounts and any other financial assets that might be found in this country belonging to people, companies or groups that the United States deems are working to threaten stability in Iraq.
Bush cited the "unusual and extraordinary threat" to national security...
The administration already has tools to clamp down financially on people, companies and groups that seek to bankroll terrorist activities or help funds specific terror groups, such as al-Qaeda and Hezbollah. The United States also has financial sanctions against countries accused of fostering terrorism, such as Iran.
Originally posted by grimreaper797
What I wonder is why didn't they already have this power? I was pretty sure this was in the Partiot Act somewhere.
The administration already has tools to clamp down financially on people, companies and groups that seek to bankroll terrorist activities or help funds specific terror groups, such as al-Qaeda and Hezbollah. The United States also has financial sanctions against countries accused of fostering terrorism, such as Iran.
Originally posted by grimreaper797
But it doesn't apply to other countries. It applies to US citizens. The US isnt going to freeze assets from Russians because they don't have the authority to do so. They can freeze assests of american citizens, which is what this is talking about.
This EO has nothing to do with china, russia, or any country to my understanding. It applies to US citizens aiding people who look to destabilize the region.
(i) to have committed, or to pose a significant risk of committing, an act or acts of violence that have the purpose or effect of:
(A) threatening the peace or stability of Iraq or the Government of Iraq; or
(B) undermining efforts to promote economic reconstruction and political reform in Iraq or to provide humanitarian assistance to the Iraqi people;
(ii) to have materially assisted, sponsored, or provided financial, material, logistical, or technical support for, or goods or services in support of, such an act or acts of violence or any person whose property and interests in property are blocked pursuant to this order; or
(iii) to be owned or controlled by, or to have acted or purported to act for or on behalf of, directly or indirectly, any person whose property and interests in property are blocked pursuant to this order.
Originally posted by grimreaper797
Its really quite clear surprisingly. I was surprised at just how clear this EO was compared to some other bills and EO. This one is very direct and simple. It says if you are violent, or aid the violent, with the intent to destabilize iraq or its government, we can freeze your assests.
That mean if you are being violent, have the intention to be violent, or aid those who are being violent, you will have your assests frozen. Protesting the war is not aiding the enemies. Legally, under this, you have to provide some sort of material support or plans. If you provided al qaeda with a nuclear power plant layout, you would get hit with this. Rightfully so.
Originally posted by grimreaper797
Well then they would have to start arresting congressmen as enemy combatants. When that happens, this EO will be the least of my worries.
Originally posted by Vitchilo
So according to this, any congressman or senator trying to vote to get out of Iraq would have his assets frozen?