Saudi Arabia plans to retaliate if Bill passed into law
After the Senate passed the bill back in April, the Saudi Arabia government announced that United States government would have to face consequences if the bill was passed into law. Saudi Arabia has threatened to sell around $750 billion worth of treasury securities and American assets if the bill is passed. Many members from Congress and Senate believe that Saudi Arabia bluffing because selling off that many assets would cause the global market to suffer, leaving the blame on the country's officials.
Officials from Saudi Arabia state that there is no evidence showing they helped fund the terrorist attacks on 9/11. Obama believes that this bill could cause problems for Americans who are oversee, by getting rid of legal immunity. This bill could also lead to other nations creating legislation that takes away international immunity.