I
118THCONGRESS
1
STSESSION 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
NOVEMBER9, 2023
Mr. S
TEIL(for himself and Ms. PETTERSEN) introduced the following bill;
which was referred to the Committee on Financial Services, and in addi-
tion to the Committee on Foreign Affairs, for a period to be subsequently
determined by the Speaker, in each case for consideration of such provi-
sions 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 Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘End Financing for 4
Hamas and State Sponsors of Terrorism Act’’. 5
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SEC. 2. REPORT ON HAMAS FINANCING. 1
Not later than 180 days after the date of the enact-2
ment of this Act, the Secretary of the Treasury shall sub-3
mit to the Committee on Financial Services of the House 4
of Representatives and the Committee on Banking, Hous-5
ing, and Urban Affairs of the Senate a report (which shall 6
be in unclassified form but may include a classified annex) 7
that includes— 8
(1) an analysis of the major sources of financ-9
ing to Hamas; 10
(2) a description of United States and multilat-11
eral efforts to disrupt illicit financial flows involving 12
Hamas; 13
(3) an evaluation of United States efforts to 14
undermine the ability of Hamas to finance armed 15
hostilities against Israel; and 16
(4) an implementation plan with respect to the 17
multilateral strategy described in section 3. 18
SEC. 3. MULTILATERAL STRATEGY TO DISRUPT HAMAS FI-19
NANCING. 20
The Secretary of the Treasury, through participation 21
in the G7, and other appropriate fora, shall develop a 22
strategy in coordination with United States allies and 23
partners to ensure that Hamas is incapable of financing 24
armed hostilities against Israel. 25
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SEC. 4. PROHIBITION ON USE OF THE EXCHANGE STA-1
BILIZATION FUND TO EXCHANGE SPECIAL 2
DRAWING RIGHTS OF, OR TO BENEFIT, STATE 3
SPONSORS OF TERRORISM. 4
Section 5302 of title 31, United States Code, is 5
amended by adding at the end the following: 6
‘‘(e) P
ROHIBITION ONUSE OFFUNDTOEXCHANGE 7
S
PECIALDRAWINGRIGHTS OF, ORTOBENEFIT, ASTATE 8
S
PONSOR OFTERRORISM.—The Secretary may not use 9
the fund to— 10
‘‘(1) deal in Special Drawing Rights from any 11
country determined by the Secretary of State to 12
have repeatedly provided support for acts of inter-13
national terrorism, as designated pursuant to section 14
1754(c) of the National Defense Authorization Act 15
for Fiscal Year 2019, section 40 of the Arms Export 16
Control Act, or section 620A of the Foreign Assist-17
ance Act of 1961; or 18
‘‘(2) engage in a transaction with any other en-19
tity that will result in the provision of any asset to 20
such a country.’’. 21
Æ
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