Story perspectives

Trump Signs $300B Iran Fund Memo, Senate Decries Blunder

6/20/2026

Summary

Story summary

U.S. President Donald Trump signed a memorandum that creates a $300 billion fund, provides sanctions relief, and sent it to Congress.
Senator Bill Cassidy called the deal the worst blunder in decades, noting Iran’s nuclear program remains uncapped, 13 U.S. service members have died, and that no lawmakers have been briefed on the memorandum.
Senator Lindsey Graham said any nuclear agreement must be reviewed under 2015 Iran Nuclear Agreement Review Act.

History

Historical Context

Signed in July 2015, the Joint Comprehensive Plan of Action brought the United States, Iran and the P5+1 together, lifting roughly $150 billion in sanctions and limiting uranium enrichment to 3.67% under IAEA oversight. Wikipedia’s “Aftermath of the Iran nuclear deal” and “Criticism of the Iran nuclear deal” pages document the pact’s diplomatic impact and ensuing U.S. congressional disputes.

1 of 2

Story summary

U.S. President Donald Trump signed a memorandum that creates a $300 billion fund, provides sanctions relief, and sent it to Congress.
Senator Bill Cassidy called the deal the worst blunder in decades, noting Iran’s nuclear program remains uncapped, 13 U.S. service members have died, and that no lawmakers have been briefed on the memorandum.
Senator Lindsey Graham said any nuclear agreement must be reviewed under 2015 Iran Nuclear Agreement Review Act.

1 / 2