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Sen. Hillary Clinton: Terror Victims Should Get Compensated From Frozen Assets

Hillary Clinton wants victim compensation to come from U.S.-frozen assets

WASHINGTON, April 18 (IslamOnline & News Agencies) - U.S. victims of terrorist attacks should receive court-awarded compensation from Treasury-held frozen or blocked assets of the foreign governments who allegedly sponsored the attacks, lawmakers said Tuesday, April 15. 

"This legislation is an important step in the war on terrorism," said Senator Hillary Clinton, one of the five congressional sponsors of the measure introducing bipartisan legislation to that effect. 

"By helping to ensure that state sponsors pay a heavy financial price, this legislation adds another weapon to the U.S. arsenal in its fight against global terrorism," she said. 

The Terrorism Victim's Access to Compensation Act of 2002 would allow those Americans who have successfully sued in civil lawsuits, to collect court-awarded compensation from the roughly $3.7 billion the U.S. Treasury holds in blocked or frozen assets of the seven U.S.-designated so-called “state sponsors of terrorism.” 

The law would therefore apply to Iraq, Iran, Libya, Syria, Sudan, North Korea and Cuba, as well as the agents underwritten by those states, according to Senator Tom Harkin. 

Currently, the U.S. government does not allow victims to have access to those assets even though they have successfully sued foreign governments in U.S. courts. 

The measure is opposed by U.S. President George W. Bush’s administration, which contends the State Department needs to control frozen assets of foreign countries as a diplomatic tool. In fighting the bill, the Bush administration is adopting the same stance as the administration of former U.S. president Bill Clinton before it, reports the U.S. daily newspaper, New York Times. 

Advocates for victims say that a 1996 law introduced under Bill Clinton’s administration that allows victims to bring suits in American courts has been ineffective. 

Some victims and family members of victims called for support of the bill. 

"It's been a long time coming," said Edwena Hegna, whose husband Charles, the United States Agency for International Development (USAID) station chief in Pakistan, was beaten, then brutally murdered in 1984 while traveling on Kuwait Airlines Flight 221 from Kuwait City to Pakistan when four Iranian-backed hijackers took the flight. 

Hegna was awarded $42 million in U.S. courts but has been unable to collect from Iran. 

Harkin dismissed any suggestion that such a bill would open the doors to foreign governments acting in a similar fashion against U.S. assets if their courts were to rule compensation was due. 

According to the New York Times, Iraq has over $2 billion in assets frozen; Libya, over $1 billion; Cuba, about $90 million; and Iran, about $350 million, plus $60 million in an account for military sales that were never completed. Other countries have minimal assets frozen in the U.S.

 

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