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News Brief

July 21, 2005
See Original Daily Bulletin From This Date

U.S. lawmakers introduced legislation that would bar the Arab Bank from operating in the United States. Reps. Shelley Berkley (D-Nev.), Joseph Crowley (D-N.Y.), Carolyn Maloney (D-N.Y.), and Anthony Weiner (D-N.Y.) came together to announce the legislation Wednesday, citing a slew of terror-related lawsuits and a series of related investigations. The Jordanian bank has been accused of helping terrorist groups funnel donations and other money toward terror-related activities in the United States and abroad. The legislation would force the closure of the bank’s New York office, hold its funds for distribution to terror victims, and require the Treasury Department to issue a public report on its investigation into the bank’s ties to terrorist activities..

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