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The New York Times reports (and Yahoo! News repeats without any paywall) that the government of Saudi Arabia is threatening to sell $750 billion in treasury securities and other unidentified assets if Congress passes the Justice Against Sponsors of Terrorism Act. The bill would allow foreign governments to be sued by 9/11 victims and their families. The threat was issued by Saudi Arabian foreign minister Adel al-Jubeir to unnamed US lawmakers while he was visiting Washington sometime last month, on the grounds that these assets could be in danger of being frozen by US courts.
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Saudi Arabia Threatens to Sell $750 Billion in US Assets If 9/11 Bill Passes
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It's not reality that's important, but how you perceive things.
(Score: 4, Interesting) by FakeBeldin on Sunday April 17 2016, @08:19AM
US courts don't have jurisdiction over SA the country. US courts do have jurisdiction over objects, contracts, and events on USA soil. If SA has $750billion of assets (buildings, corporations, etc.) in the USA, US courts could decide to hand over that $750billion of assets to others in civil cases, if those courts would deem that appropriate under US law.
If you own something in country X, your continued ownership is subject to the laws of country X.