Congressional Progressive Caucus Chair Pramila Jayapal, D-Wash., secured a vote Thursday on President Joe Biden’s refusal to release to the Afghan central bank $9.4 billion of its own foreign reserves. It marked the first-ever vote on the White House’s lethal policy of asset denial that’s causing the displacement, starvation, and death of millions of Afghans.
[...]
Jayapal’s provision, drafted with Rep. Jesús García, D-Ill., would require the secretary of the Treasury to provide Congress with an assessment of the humanitarian suffering caused by U.S. sanctions on Afghanistan and its confiscation of the country’s foreign-held money.
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As the Taliban neared Kabul last summer, Secretary of State Tony Blinken blocked the outflow of Afghanistan’s foreign currency reserves, and he hasn’t lifted a finger since then. The U.S. had spent nearly 20 years building an Afghan central banking system that was independent of the government and, despite fearmongering by a number of Democrats and Republicans, still operates without interference from the Taliban.
“These are not American taxpayer funds,” said Shah Mehrabi, a member of the central bank’s board and a professor of economics at Montgomery College, arguing for the release of Afghanistan’s reserves. “People are under the illusion that these are United States funds. These funds belong to Afghanistan. ."
[...]
Jayapal introduced her measure as an amendment to a gigantic anti-China bill that would subsidize the U.S. semiconductor and other industries with hundreds of billions of dollars and ratchet up military activities in the Indo-Pacific region. The House of Representatives passed the legislation — called the America Creating Opportunities for Manufacturing, Pre-Eminence in Technology and Economic Strength, or COMPETES, Act — on Friday. But the House rejected Jayapal’s amendment with 175 yes and 255 no votes, as 44 Democrats joined Republicans against the measure.
The Intercept
Showing posts with label Garcia-Jesús. Show all posts
Showing posts with label Garcia-Jesús. Show all posts
Sunday, February 6, 2022
America's brutal destruction of Afghanistan
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