Stop Funding for Terrorism Act

To amend the Foreign Assistance Act of 1961 to require congressional approval of rescissions of determinations of countries as state sponsors of terrorism and waivers of prohibitions on assistance to state sponsors of terrorism under that Act. 1. Short title This Act may be cited as the Stop Funding for Terrorism Act 2. Congressional approval of rescissions of determinations of countries as state sponsors of terrorism and waivers of prohibitions on assistance to state sponsors of terrorism under the Foreign Assistance Act of 1961 (a) In general Section 620A of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2371 (e) Additional requirements with respect to rescissions and waivers (1) Rescissions In addition to meeting the requirements of paragraphs (1) and (2) of subsection (c), a determination made by the Secretary of State under subsection (a) may be rescinded only if Congress, within 45 days after receipt of a report under subsection (c)(2) with respect to a proposed rescission of such determination, enacts a joint resolution the matter after the resolving clause of which is as follows: That the proposed rescission of the determination under section 620A(a) of the Foreign Assistance Act of 1961 pursuant to the report submitted to the Congress on ___ is hereby approved. (2) Waivers In addition to meeting the requirements of paragraphs (1) and (2) of subsection (d), assistance prohibited by subsection (a) may be provided to a country described in that subsection only if Congress, within 45 days after receipt of a report under subsection (d)(2) with respect to a proposed waiver of assistance prohibited by subsection (a), enacts a joint resolution the matter after the resolving clause of which is as follows: That the proposed waiver of assistance prohibited under section 620A(a) of the Foreign Assistance Act of 1961 pursuant to the report submitted to the Congress on ___ is hereby approved. (3) Congressional procedures A joint resolution described in paragraph (1) or (2) and introduced within the appropriate 45-day period shall be considered in the Senate and the House of Representatives in accordance with paragraphs (3) through (7) of section 8066(c) of the Department of Defense Appropriations Act (as contained in Public Law 98–473 . (b) Effective date The amendment made by subsection (a) takes effect on the date of the enactment of this Act and applies with respect to a proposed rescission of a determination of the Secretary of State under section 620A of the Foreign Assistance Act of 1961, or a proposed waiver of assistance prohibited by section 620A of the Foreign Assistance Act of 1961, that is contained in any report submitted under subsection (c)(2) or (d)(2), respectively, of such section on or after such date of enactment.

Summary: Stop Funding for Terrorism Act This bill amends the Foreign Assistance Act of 1961 with respect to requirements the Department of State must meet to rescind any determination that the government of a foreign country: has repeatedly provided support for acts of international terrorism; and for this reason may not receive assistance under the Act, the Food for Peace Act, the Peace Corps Act, or the Export-Import Bank Act of 1945. The State Department may rescind such a determination and waive the prohibition on assistance only if, in addition to other existing requirements for rescission and waiver, Congress enacts a joint resolution of approval according to a specified procedure.