Obama administration consider helping Iran recoup billions of dollars in frozen overseas assets
The Obama administration is considering helping Iran recoup billions of dollars in frozen overseas assets if Tehran scales back its nuclear program, Associated Press reported.
But Congress is determined to set a high bar for any relief for Iran.Officials say the proposal is under consideration to spur nuclear negotiations. A skeptical Congress is weighing in, too.
Illinois Sen. Mark Kirk has a plan to give the U.S. more sticks and carrots.
He wants to freeze all remaining Iranian assets overseas. He'd do that by threatening to block from the U.S. market any bank that does business with Iran.
Kirk would let Iran get at some of the $50 billion to $75 billion that's already blocked. But Iran would only get the money after ending all uranium enrichment activity. Iran rejects such demands.