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2.81 MB
Extraction Summary
2
People
4
Organizations
4
Locations
2
Events
2
Relationships
2
Quotes
Document Information
Type:
News article / briefing document (contained in house oversight file)
File Size:
2.81 MB
Summary
This document serves as a briefing or news summary regarding the Justice Against Sponsors of Terrorism Act (JASTA) and its diplomatic fallout with Saudi Arabia. It details the Saudi Foreign Minister's warning about the erosion of sovereign immunity and addresses threats that Saudi Arabia might liquidate $750 billion in US assets, though the minister later clarified they intend to maintain their investments. The document is part of a House Oversight collection.
People (2)
| Name | Role | Context |
|---|---|---|
| Barack Obama | US President (Outgoing) |
Vetoed JASTA because it would harm American interests and open US to private lawsuits.
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| Adel al-Jubeir | Saudi Foreign Minister |
Quoted regarding the erosion of sovereign immunity and Saudi investment strategy (referred to as 'Jubeir' and 'Saudi ...
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Organizations (4)
| Name | Type | Context |
|---|---|---|
| House Oversight Committee |
Source of the document (Footer: HOUSE_OVERSIGHT_026649)
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| US Treasury Department |
Provided data on Saudi ownership of US securities.
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| Reuters |
News agency cited as the source for Jubeir's quotes.
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| Kingdom of Saudi Arabia |
Subject of the article regarding JASTA and investments.
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Timeline (2 events)
Locations (4)
| Location | Context |
|---|---|
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Location of potential lawsuits; recipient of Saudi investments.
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Country threatening asset withdrawal; opposing JASTA.
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Region expressing concern over legislation.
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Mentioned in photo caption as saying the act damages international law.
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Relationships (2)
Dispute over JASTA law; massive financial investments in US securities.
Obama vetoed the legislation citing harm to American interests.
Key Quotes (2)
"The United States is, by eroding [the sovereign immunity] principle, opening the door for other countries to take similar steps and then before you know it international order becomes governed by the law of the jungle."Source
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Quote #1
"[The Kingdom] has tremendous investments in the United States and we review those investments on a regular basis... We won’t decrease them."Source
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Quote #2
Full Extracted Text
Complete text extracted from the document (2,301 characters)
subjects. The kingdom, however, has denied any ties to the hijackers.
The JASTA law allows attack survivors and relatives of attack victims to file lawsuits against foreign countries for acts of terrorism that kill Americans on US soil. Also known as House Resolution 3815, it creates an exception to the sovereign immunity law introduced in 1976, allowing US citizens to sue foreign governments in US federal court and demand compensation if those governments are proven to bear some responsibility for attacks within the US.
This exception drew concern from many countries – both in the Gulf and globally – that the legislation will erode sovereign immunity, considered one of the founding principles of international relations.
[Photo Caption]: Saudis reject US 9/11 act as threat to sovereignty, Russia says it damages international law
Some British, French, and Dutch lawmakers have threatened retaliatory legislation to allow their courts to pursue US officials, which is why outgoing President Obama vetoed JASTA in the first place, explaining that it would harm American interests as it opens the United States up to private lawsuits over its military missions abroad.
“The United States is, by eroding [the sovereign immunity] principle, opening the door for other countries to take similar steps and then before you know it international order becomes governed by the law of the jungle,” the Saudi foreign minister said.
Saudi Arabia recently warned it would pull its money out of the US economy, selling up to $750 billion in US treasury securities and other assets, before lawsuits demanding compensation start pouring in and put these assets in jeopardy. However, responding to a question on whether Saudi Arabia was still reconsidering its investment strategy on Sunday, Jubeir assured reporters that it plans to continue with its investments and does not plan to decrease them.
“[The Kingdom] has tremendous investments in the United States and we review those investments on a regular basis. There are issues associated with risk, but our objective is to increase those investments. We won’t decrease them,” he said, as cited by Reuters. The US Treasury Department said that the kingdom owned $116.8 billion in securities in the US as of March this year.
HOUSE_OVERSIGHT_026649
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