US legislation that allows families of victims of the 9/11 attacks to sue Saudi Arabia threatens to deter Saudi investment in the US and risks triggering the sale of billions of dollars of assets, Gulf bankers say.
The US Congress on Wednesday voted overwhelmingly to override a presidential veto of legislation that waives claims of foreign immunity for terrorist attacks in the US.
Riyadh has not responded officially to the congressional vote. But Saudis have expressed concerns to bankers that their assets could eventually become the target of legal action.
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