(DAILYCALLER) — A fund of over $1 billion has been created for the U.S. embassy personnel taken hostage by Iran after the 1979 Islamic Revolution, but it is the U.S. taxpayer, not Iran, who will be paying for it.
The new fund, known as the “United States Victims of State Sponsors of Terrorism Fund,” was an addition to the omnibus bill put forward by Congress and signed into law by President Barack Obama Dec. 28. As much as $4.4 million could go to each of the 52 Americans held by Iran, with another $600,000 going to each spouse and child of the victims. The provision authorizes $1.025 billion from the Department of the Treasury to be used to pay for the new fund. Additionally, the legislation includes a 25 percent cap on any attorney’s fees, which could lead to as much as $250 million total going to lawyers of the various victims involved.