New Hampshire Senator Judd Gregg has introduced a bill calling for Iraq to start matching U.S. funding assistance for reconstruction on a dollar-for-dollar basis.
Gregg says he remains deeply concerned with reports of waste, fraud and abuse of U.S. taxpayer dollars in Iraq. He says the bill initiates a transition process where Iraqi funds are used to develop Iraq.
Gregg says given the price of oil, and large foreign assistance investment in the country by the United States, there’s no reason that Iraq can’t pay for its own development needs.
Gregg’s office says according to the Special Inspector General for Iraq, more than $25 billion have been provided for assistance to Iraq.