Saudi Arabia is threatening to sell off up to $750 billion in U.S. assets if Congress passes legislation making its government liable for 9/11-related lawsuits, The New York Times reported.

Saudi Foreign Minister Adel al-Jubeir, in a Washington visit last month, informed U.S. lawmakers of the potential sale of treasury securities and other American assets, the Times said Saturday.

The move would be necessary to prevent U.S. courts from possibly freezing the assets due to legal action.

The dispute pits the Obama Administration against some lawmakers and 9/11 family members who believe Saudi officials were involved in the plot that killed nearly 3,000.

The administration is urging Congress to consider the financial and diplomatic fallout that would ensue with the longtime U.S. ally if the bipartisan Senate legislation is passed, the Times said.

New York Sen. Chuck Schumer, a Democrat, and Texas Sen. John Cornyn, a Republican, are the sponsors of the bill. Cornyn said last months that the legislation was critical to “stopping the funding source for terrorists.”

The lingering tensions provide a backdrop for Obama’s planned Wednesday trip to Riyadh for meetings with Saudi officials, including King Salman.

Any legislation would need the approval of both houses of Congress and the president.

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The 9/11 Commission, in its official report, declared there was “no evidence” linking the Saudi government or senior Saudi officials to funding for the terrorist plot.

But a 28-page portion of the Senate’s investigation into 9/11 remain classified, although people who have seen the documents say the Saudis were implicated in the devastating attack.

The attackers hijacked planes that were flown into the World Trade Center and the Pentagon.

Some families of 9/11 victims, in legal papers, accused Saudi agents of assisting the terrorists. Fifteen of the 19 hijackers were Saudi Arabian citizens.

Under current U.S. law, foreign nations are spared from such lawsuits under the Foreign Sovereign Immunity Act.

A federal appeals court and a Manhattan federal judge have both dismissed the 9/11 suit against Saudi Arabia.

The proposed new legislation would specifically allow legal action against other countries only in cases of an attack on .....

read more : https://ourtimeiscome.com/2016/04/16/dont-you-dare-saudi-arabia-threatens-u-s-government/

Ftc!

Abeg mak saudi go sit down. Wen der defence de USA hand.

Lol

If they are innocent they should allow justice to take it's due course.

Ok

I smell Guilty conscience here.. Just imagine 750billion dollar investment, how wish that kind investment enter naija

This people wan steal Saudi money

If Saudi's Arabia goes ahead with their threat to sell off US asset, my almighty US won't feel it (good riddance). The state of California alone is economically richer than all the middle-east nations wastelands. However, if Uncle Sam cuts off ties with Saudi's Arabia - well, like my amalgamants would say "E done be for dem be dat". I've always reckoned Saudi's were and are in one way or the other involved in actualizing terrorist dreams of capsizing the world into an high-slam-irk fiefdom. Mofos

@ intrepidj Futile threat is when camel-homping, jihad-loving, paedo-lusting Saudi raghead officials "informs U.S. lawmakers of the
potential sale of treasury securities and other
American assets" hypocrisy is when the likes of you and Zoharariel keep expressing animosity for the Yanks but will even over-jump at any given opportunity to realize your dream in the U.S.