End Financing for Hamas and State Sponsors of Terrorism Act
USA118th CongressHR-6322| House
| Updated: 12/12/2024
Bryan Steil
Republican Representative
Wisconsin
Cosponsors (9)
Foreign Affairs Committee, Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 36 - 13.
Committee Consideration and Mark-up Session Held
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-799, Part I.
House Committee on Foreign Affairs Granted an extension for further consideration ending not later than Dec. 19, 2024.
Placed on the Union Calendar, Calendar No. 704.
Committee on Foreign Affairs discharged.
International Affairs
Conflicts and warsCongressional oversightCurrencyInternational monetary system and foreign exchangeInternational organizations and cooperationIsraelPalestiniansTerrorism
End Financing for Hamas and State Sponsors of Terrorism Act
USA118th CongressHR-6322| House
| Updated: 12/12/2024
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.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 36 - 13.
Committee Consideration and Mark-up Session Held
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-799, Part I.
House Committee on Foreign Affairs Granted an extension for further consideration ending not later than Dec. 19, 2024.
Placed on the Union Calendar, Calendar No. 704.
Committee on Foreign Affairs discharged.
Bryan Steil
Republican Representative
Wisconsin
Cosponsors (9)
Foreign Affairs Committee, Financial Services Committee
International Affairs
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Conflicts and warsCongressional oversightCurrencyInternational monetary system and foreign exchangeInternational organizations and cooperationIsraelPalestiniansTerrorism