118 HR 6322 IH: End Financing for Hamas and State Sponsors of Terrorism Act U.S. House of Representatives 2023-11-09 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS1st SessionH. R. 6322IN THE HOUSE OF REPRESENTATIVESNovember 9, 2023Mr. 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 concernedA BILLTo 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.

1.

Short title

This Act may be cited as the End Financing for Hamas and State Sponsors of Terrorism Act.

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.

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.

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..