[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 748 Engrossed in House (EH)]


  1st Session

                               H. R. 748

_______________________________________________________________________

                                 AN ACT

   To amend the prohibition of title 18, United States Code, against 
                financial transactions with terrorists.
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
105th CONGRESS
  1st Session
                                H. R. 748

_______________________________________________________________________

                                 AN ACT


 
   To amend the prohibition of title 18, United States Code, against 
                financial transactions with terrorists.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, 

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Prohibition on Financial 
Transactions With Countries Supporting Terrorism Act of 1997''.

SEC. 2. FINANCIAL TRANSACTIONS WITH TERRORISTS.

    Section 2332d of title 18, United States Code, (relating to 
financial transactions) is amended--
            (1) in subsection (a)--
                    (A) by striking ``Except as provided in regulations 
                issued by the Secretary of the Treasury, in 
                consultation with the Secretary of State, whoever'' and 
                inserting ``Whoever''; and
                    (B) by inserting ``of 1979'' after ``Export 
                Administration Act''; and
            (2) in subsection (b)(1), by inserting after ``1956(c)(4)'' 
        the following: ``, except that such term does not include any 
        transaction ordinarily incident to--
                    ``(A) routine diplomatic relations among countries;
                    ``(B) an official act by a representative of, or an 
                act which is authorized by and conducted on behalf of, 
                the United States Government;
                    ``(C) the broadcasting or reporting of news by 
                organizations regularly engaged in such activity; or
                    ``(D) the provision or purchase of assistance 
                intended to relieve human suffering, including medical 
                services, supplies, and equipment;
                    ``(E) the receipt of emergency medical services;
                    ``(F) any postal, telegraphic, or other personal 
                communication which does not involve a transfer of 
                anything of value;
                    ``(G) the protection of intellectual property 
                rights of any United States person;
                    ``(H) the performance of any contract or agreement 
                that was entered into before June 12, 1997, but not 
                those renewed after such date;
                    ``(I) the provision of hospitality or 
                transportation services; or
                    ``(J) the payment of a claim to any United States 
                person''.

SEC. 3. REPORT ON EFFECTS OF ENACTMENT.

    Beginning not later than one year after the date of enactment of 
this Act, the Secretary of the Treasury, in consultation with the 
Secretary of State, shall issue an annual report to Congress on--
            (1) the impact of this prohibition on United States 
        businesses; and
            (2) any means by which a negative impact might be 
        ameliorated.

            Passed the House of Representatives July 8, 1997.

            Attest:

                                                                 Clerk.