Us Congress 2023-2024 Regular Session

Us Congress House Bill HCR88

Introduced
2/6/24  

Caption

Expressing the sense of Congress that the Secretary of State in coordination with the Secretary of the Treasury should investigate the use of cryptocurrencies by Hamas (also known as Harakat al-Muqawama al-Islamiya), and whether any cryptocurrencies were exchanged between Hamas and the United Nations Relief and Works Agency.

Impact

If adopted, this resolution could lead to heightened scrutiny on the financial channels used by terrorist organizations, particularly in relation to how they may utilize cryptocurrencies. It may prompt actions that would enhance regulatory oversight of cryptocurrency transactions to prevent illicit activities. Additionally, such investigations could inform future legislation regarding how cryptocurrencies are monitored and regulated within the United States, particularly concerning national security interests.

Summary

HCR88 is a House Concurrent Resolution expressing the sense of Congress that the Secretary of State, in coordination with the Secretary of the Treasury, should investigate the use of cryptocurrencies by Hamas, also known as Harakat al-Muqawama al-Islamiya. The resolution seeks to explore whether any cryptocurrency transactions have occurred between Hamas and the United Nations Relief and Works Agency, highlighting concerns around financing of terrorism and the financial activities of extremist groups.

Contention

Discussions surrounding HCR88 may invoke varying opinions on the implications of such investigations into cryptocurrency use. Supporters may argue that it is a necessary step to combat terrorism and ensure financial systems are not being abused by hostile entities. In contrast, critics might raise concerns about privacy and the impact on legitimate cryptocurrency users, suggesting that broad investigations could hinder the growth of the cryptocurrency market and violate civil liberties.

Companion Bills

No companion bills found.

Previously Filed As

US HR238

Expressing the sense of the House of Representatives regarding the importance of Proof-of-Work mining, used for certain cryptocurrencies such as Bitcoin, to the United States ability to achieve its energy goals and grow its economy.

US HCR114

Expressing the sense of Congress that the International Olympic Committee should allow Taiwan to participate in the 2024 Summer Olympics under the national name, flag, and anthem of its own choosing.

US HB7215

To express the sense of Congress that aliens who are present in the United States without lawful status under the immigration laws should not receive any benefit under the Medicare program or under the Medicaid program.

US SCR28

A concurrent resolution expressing the sense of Congress regarding the authority of the President to use appropriate and necessary force to liberate United States citizens being held by Hamas.

US HB8232

To authorize the Secretary of State to withdraw from the United Nations Relief and Works Agency for Palestine Refugees in the Near East Federal funds previously made available to such organization.

US SB3723

Defund United Nations Relief and Works Agency Act of 2024

US HCR78

Expressing the sense of Congress that public health professionals should be commended for their dedication and service to the United States on Public Health Thank You Day, November 20, 2023.

US HR1424

Expressing the sense of Congress that August 30, 2024, be observed as the 134th anniversary of the 1890 Institutions.

US SB3874

Hamas and Palestinian Islamic Jihad International Terrorism Support Prevention Act of 2024

US HR990

Expressing the sense of the House of Representatives that paraprofessionals and education support staff should have fair compensation, benefits, and working conditions.

Similar Bills

No similar bills found.