HR 6322 118th Congress House International Affairs Conflicts and wars Congressional oversight Currency International monetary system and foreign exchange International organizations and cooperation Israel Palestinians Terrorism

End Financing for Hamas and State Sponsors of Terrorism Act

Introduced: November 9, 2023 Introduced by: Steil, Bryan Republican · Wisconsin See on congress.gov

Everywhere this bill has been 8 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Dec 12, 2024

Committee on Foreign Affairs discharged.

Dec 12, 2024

Placed on the Union Calendar, Calendar No. 704.

Dec 5, 2024

Reported (Amended) by the Committee on Financial Services. H. Rept. 118-799, Part I.

Dec 5, 2024

House Committee on Foreign Affairs Granted an extension for further consideration ending not later than Dec. 19, 2024.

Nov 14, 2023

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 36 - 13.

Nov 14, 2023

Committee Consideration and Mark-up Session Held

Nov 9, 2023

Introduced in House

Nov 9, 2023

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.

Plain-English summary Congressional Research Service

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.

What's happening now December 12, 2024

Placed on the Union Calendar, Calendar No. 704.

Committees of jurisdiction 2