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Congressman Sherman: "No Taxpayer Money for Libya; Use Gaddafi Funds"

Press Release

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Date:
Location: Washington, DC

Three Republican Senators, recently returned from Libya, have authored an editorial in the Wall Street Journal urging that we help the Libyan transitional government with the enormous task of rebuilding the country after 42 years of tyranny and seven months of war (The Promise of a Pro-American Libya). In response Congressman Brad Sherman (D --CA), the top Democrat on the House Foreign Affairs Subcommittee on Terrorism, Nonproliferation, and Trade, released the following statement:

"In February of 2011, the US treasury froze nearly $30 billion of Gaddafi money that he had invested in the United States. These are the funds that should be used to provide assistance to the Libyan transitional government.

American taxpayers should not be on the hook when some $30 billion is available to pay for whatever technical assistance the Libyan transitional government needs. Any aid worth providing ought to be paid for with Libyan money. And if there is aid the Libyan government does not wish to pay for - it's probably not that useful.

In addition the frozen funds should be used to fully reimburse the United States for the cost of air operations over Libya."

Since April, Congressman Sherman has repeatedly urged that the $30 billion of frozen funds be used to defray the cost of U.S. military actions benefiting the Libyan people.

Additionally in May of 2011, Congressman Sherman met with Dr. Mahmoud Jibril, the Interim "Prime Minister" of the Transitional National Council of Libya in Washington D.C. and urged the rebel leader to formally adopt a resolution in the Council ensuring that funds of the Qaddafi family would be used to pay for American military actions. Sherman also urged the rebel leader to identify all persons who have supported al-Qaeda or the Libyan Islamic Fighting Group (LIFG) and fought American troops in Afghanistan or Iraq, and bar those terrorists from service in the military or civilian operations of the Transitional National Council of Libya.


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