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HOUSE 6322118th CongressPlaced on the Union Calendar, Calendar No. 704.

End Financing for Hamas and State Sponsors of Terrorism Act

Last Action
12/12/2024

Actions

  • 2024-12-12Placed on the Union Calendar, Calendar No. 704.
  • 2024-12-12Committee on Foreign Affairs discharged.
  • 2024-12-12Committee on Foreign Affairs discharged.
  • 2024-12-05House Committee on Foreign Affairs Granted an extension for further consideration ending not later than Dec. 19, 2024.
  • 2024-12-05Reported (Amended) by the Committee on Financial Services. H. Rept. 118-799, Part I.
  • 2024-12-05Reported (Amended) by the Committee on Financial Services. H. Rept. 118-799, Part I.
  • 2023-11-14Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 36 - 13.
  • 2023-11-14Committee Consideration and Mark-up Session Held
  • 2023-11-09Referred 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.
  • 2023-11-09Referred 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.
  • 2023-11-09Introduced in House
  • 2023-11-09Introduced in House

CRS Summary

As of 2023-11-09 (00)

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.

Cosponsors (9)

  • Brittany Pettersen (D-CO)
  • Daniel Meuser (R-PA)
  • Joe Wilson (R-SC)
  • Andy Barr (R-KY)
  • PETE SESSIONS (R-TX)
  • BRAD SHERMAN (D-CA)
  • Thomas Suozzi (D-NY)
  • Jared Moskowitz (D-FL)
  • Brian Fitzpatrick (R-PA)

Subjects

  • Conflicts and wars
  • Congressional oversight
  • Currency
  • International monetary system and foreign exchange
  • International organizations and cooperation
  • Israel
  • Palestinians
  • Terrorism
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.