Union Calendar No. 81

105TH CONGRESS

1ST SESSION H. R. 748

[Report No. 105–141]

A BILL

Code, against financial transactions with terrorists.

To amend the prohibition of title 18, United States

JUNE 21, 1997

Reported with an amendment, committed to the Commitordered to be printed tee of the Whole House on the State of the Union, and
IB

Union Calendar No. 81

105TH CONGRESS

1ST SESSION H. R. 748

[Report No. 105–141]

To amend the prohibition of title 18, United States Code, against financial

transactions with terrorists.

IN THE HOUSE OF REPRESENTATIVES

FEBRUARY 13, 1997

Mr. MCCOLLUM (for himself and Mr. SCHUMER) introduced the following bill;

which was referred to the Committee on the Judiciary

JUNE 21, 1997

Additional sponsor: Mr. SAXTON

JUNE 21, 1997

Reported with an amendment, committed to the Committee of the Whole

House on the State of the Union and ordered to be printed

[Strike out all after the enacting clause and insert the part printed in italic]

A BILL

To amend the prohibition of title 18, United States Code,

against financial transactions with terrorists.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,
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1 SECTION 1. SHORT TITLE.

2 This Act may be cited as the ‘‘Prohibition on Finan3 cial Transactions With Countries Supporting Terrorism

4 Act of 1997’’.

5 SEC. 2. FINANCIAL TRANSACTIONS WITH TERRORISTS.

6 Section 2332d of title 18, United States Code, is

7 amended—

8 (1) in subsection (a)—

9 (A) by striking ‘‘Except as provided in reg10 ulations issued by the Secretary of the Treas11 ury, in consultation with the Secretary of State,

12 whoever’’ and inserting ‘‘Whoever’’; and

13 (B) by inserting ‘‘of 1979’’ after ‘‘Export

14 Administration Act’’; and

15 (2) in subsection (b)(1), by inserting ‘‘, except

16 that such term does not include any transaction inci17 dent to routine diplomatic relations among coun18 tries’’ after ‘‘1956(c)(4)’’.

19 SECTION 1. SHORT TITLE.

20 This Act may be cited as the ‘‘Prohibition on Finan21 cial Transactions With Countries Supporting Terrorism

22 Act of 1997’’.

23 SEC. 2. FINANCIAL TRANSACTIONS WITH TERRORISTS.

24 Section 2332d of title 18, United States Code, (relating

25 to financial transactions) is amended—

26 (1) in subsection (a)—
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1 (A) by striking ‘‘Except as provided in reg2 ulations issued by the Secretary of the Treasury,

3 in consultation with the Secretary of State, who4 ever’’ and inserting ‘‘Whoever’’; and

5 (B) by inserting ‘‘of 1979’’ after ‘‘Export

6 Administration Act’’; and

7 (2) in subsection (b)(1), by inserting after

8 ‘‘1956(c)(4)’’ the following: ‘‘, except that such term

9 does not include any transaction ordinarily incident

10 to—

11 ‘‘(A) routine diplomatic relations among

12 countries;

13 ‘‘(B) an official act by a representative of,

14 or an act which is authorized by and conducted

15 on behalf of, the United States Government;

16 ‘‘(C) the broadcasting or reporting of news

17 by organizations regularly engaged in such ac18 tivity; or

19 ‘‘(D) the provision of assistance intended to

20 relieve human suffering;

21 ‘‘(E) the receipt of emergency medical serv22 ices;

23 ‘‘(F) any postal, telegraphic, or other per24 sonal communication which does not involve a

25 transfer of anything of value;
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1 ‘‘(G) the protection of intellectual property

2 rights of any United States person;

3 ‘‘(H) the performance of any contract or

4 agreement that was entered into before June 12,

5 1997, but not those renewed after such date;

6 ‘‘(I) the provision of hospitality or trans7 portation services; or

8 ‘‘(J) the payment of a claim to any United

9 States person’’.

10 SEC. 3. REPORT ON EFFECTS OF ENACTMENT.

11 Beginning not later than one year after the date of

12 enactment of this Act, the Secretary of the Treasury, in con13 sultation with the Secretary of State, shall issue an annual

14 report to Congress on—

15 (1) the impact of this prohibition on United

16 States businesses; and

17 (2) any means by which a negative impact

18 might be ameliorated.