[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6322 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 6322

  To evaluate and disrupt financing to Hamas, and to amend title 31, 
 United States Code, to prohibit the exchange stabilization fund from 
  being used to deal in Special Drawing Rights from state sponsors of 
                   terrorism, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 9, 2023

  Mr. Steil (for himself and Ms. Pettersen) introduced the following 
bill; which was 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

_______________________________________________________________________

                                 A BILL


 
  To evaluate and disrupt financing to Hamas, and to amend title 31, 
 United States Code, to prohibit the exchange stabilization fund from 
  being used to deal in Special Drawing Rights from state sponsors of 
                   terrorism, and for other purposes.

    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 ``End Financing for Hamas and State 
Sponsors of Terrorism Act''.

SEC. 2. REPORT ON HAMAS FINANCING.

    Not later than 180 days after the date of the enactment of this 
Act, the Secretary of the Treasury shall submit to the Committee on 
Financial Services of the House of Representatives and the Committee on 
Banking, Housing, and Urban Affairs of the Senate a report (which shall 
be in unclassified form but may include a classified annex) that 
includes--
            (1) an analysis of the major sources of financing to Hamas;
            (2) a description of United States and multilateral efforts 
        to disrupt illicit financial flows involving Hamas;
            (3) an evaluation of United States efforts to undermine the 
        ability of Hamas to finance armed hostilities against Israel; 
        and
            (4) an implementation plan with respect to the multilateral 
        strategy described in section 3.

SEC. 3. MULTILATERAL STRATEGY TO DISRUPT HAMAS FINANCING.

    The Secretary of the Treasury, through participation in the G7, and 
other appropriate fora, shall develop a strategy in coordination with 
United States allies and partners to ensure that Hamas is incapable of 
financing armed hostilities against Israel.

SEC. 4. PROHIBITION ON USE OF THE EXCHANGE STABILIZATION FUND TO 
              EXCHANGE SPECIAL DRAWING RIGHTS OF, OR TO BENEFIT, STATE 
              SPONSORS OF TERRORISM.

    Section 5302 of title 31, United States Code, is amended by adding 
at the end the following:
    ``(e) Prohibition on Use of Fund To Exchange Special Drawing Rights 
of, or To Benefit, a State Sponsor of Terrorism.--The Secretary may not 
use the fund to--
            ``(1) deal in Special Drawing Rights from any country 
        determined by the Secretary of State to have repeatedly 
        provided support for acts of international terrorism, as 
        designated pursuant to section 1754(c) of the National Defense 
        Authorization Act for Fiscal Year 2019, section 40 of the Arms 
        Export Control Act, or section 620A of the Foreign Assistance 
        Act of 1961; or
            ``(2) engage in a transaction with any other entity that 
        will result in the provision of any asset to such a country.''.
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