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





                                                  Union Calendar No. 81

105th CONGRESS

  1st Session

                               H. R. 748

                          [Report No. 105-141]

_______________________________________________________________________

                                 A BILL

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

_______________________________________________________________________

                             June 21, 1997

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed





                                                  Union Calendar No. 81
105th CONGRESS
  1st Session
                                H. R. 748

                          [Report No. 105-141]

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 13, 1997

  Mr. McCollum (for himself and Mr. Schumer) introduced the following 
       bill; which was referred to the Committee on the Judiciary

                             June 21, 1997

                     Additional sponsor: Mr. Saxton

                             June 21, 1997

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]

_______________________________________________________________________

                                 A BILL


 
   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,

<DELETED>SECTION 1. SHORT TITLE.</DELETED>

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

<DELETED>SEC. 2. FINANCIAL TRANSACTIONS WITH TERRORISTS.</DELETED>

<DELETED>    Section 2332d of title 18, United States Code, is 
amended--</DELETED>
        <DELETED>    (1) in subsection (a)--</DELETED>
                <DELETED>    (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</DELETED>
                <DELETED>    (B) by inserting ``of 1979'' after 
                ``Export Administration Act''; and</DELETED>
        <DELETED>    (2) in subsection (b)(1), by inserting ``, except 
        that such term does not include any transaction incident to 
        routine diplomatic relations among countries'' after 
        ``1956(c)(4)''.</DELETED>

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 of assistance intended to 
                relieve human suffering;
                    ``(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.