End Financing for Hamas and State Sponsors of Terrorism Act

United States118th CongressHR-6322House of Representatives
Updated: Dec 12, 2024

Summary

End Financing for Hamas and State Sponsors of Terrorism Act This bill prohibits the Department of the Treasury from using its stabilization fund to deal in International Monetary Fund (IMF) Special Drawing Rights (SDR) from any country determined to be a state sponsor of terrorism. (The SDR is an international reserve asset maintained by the IMF based on contributions from IMF member countries. SDRs may be exchanged between member countries and may also be exchanged for currencies.) Treasury must develop a strategy, in coordination with allies and partners, to ensure that Hamas is incapable of financing armed hostilities against Israel. Treasury must report to Congress on the major sources of funding to Hamas, with an evaluation of U.S. efforts to undermine Hamas' ability to finance armed hostilities against Israel.

Bill texts

Available versions
View official text

2 versions available

All available records shown.

Timeline

  1. Reported (Amended) by the Committee on Financial Services. H. Rept. 118-799, Part I.

    House of Representatives

  2. House Committee on Foreign Affairs Granted an extension for further consideration ending not later than Dec. 19, 2024.

    House of Representatives

  3. Placed on the Union Calendar, Calendar No. 704.

    House of Representatives

  4. Committee on Foreign Affairs discharged.

    House of Representatives