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Slate did a pretty decent overview of the implications: "Under typical principles of fairness, JASTA is a just and necessary bill. Under basic norms of interna
by joezydeco 10y ago
Slate did a pretty decent overview of the implications:
"Under typical principles of fairness, JASTA is a just and necessary bill. Under basic norms of international law, however, it is a disaster. A primary justification for foreign sovereign immunity is comity: America doesn’t judge foreign countries’ internal decisions; in return, other countries don’t judge America’s. JASTA would jettison this principle for a different proposition: America doesn’t judge foreign countries’ internal decisions, unless they’re really, really bad. Yes, the bill specifically targets terrorist aid and enablement, but Obama and the State Department are nervous that other countries could retaliate by passing even broader waivers of sovereign immunity, allowing lawsuits against American service members, diplomats, and government officials in their own courts. (And it may go without saying that some of these courts—like, say, Saudi Arabia’s—do not comply with American standards of due process.)"
http://www.slate.com/blogs/the_slatest/2016/04/19/_9_11_victim_bill_is_controversial_over_sovereign_immunity.html http://www.slate.com/blogs/the_slatest/2016/04/19/_9_11_vict...
Meanwhile 28 of the 97 senators that voted for the veto override have now signed a letter warning of the unintended consequences of JASTA. The mind boggles.
http://www.corker.senate.gov/public/_cache/files/d8eee900-5ffc-4204-a4f1-8072c104d9c2/Bipartisan%20Senate%20JASTA%20Letter%20092816.pdf http://www.corker.senate.gov/public/_cache/files/d8eee900-5f...
- hirsin 10y agoYes, that's about the deepest analysis I've been able to find beyond "gosh this is bad" (that much is evident and is not analysis), and given how much I like Amicus it's no surprise this is from Slate. I'm really looking for writing on concrete likely outcomes rather than conjecture, but that's hard to find. It seems the immediate result, given the law can only target domestic holdings, will be governments withdrawing as much as they can from US investments.
- jrs235 10y agoI imagine, under possible threat of interest being withheld or redemption not occurring, Saudi Arabia will try to dump as many Treasury bonds as it can and look to eliminate the petro dollar... sounds like thrashing the US dollar could happen and soon (before any lawsuits go through).
- rayiner 10y agoThe letter is about mitigating the unintended consequences. You make it seem like they regret their vote.