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.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Prohibition on Finan-
cial Transactions With Countries Supporting Terrorism
Act of 1997’’.
SEC. 2. FINANCIAL TRANSACTIONS WITH TERRORISTS.
Section 2332d of title 18, United States Code, is
amended—
(1) in subsection (a)—
(A) by striking ‘‘Except as provided in reg-
ulations issued by the Secretary of the Treas-
ury, in consultation with the Secretary of State,
whoever’’ and inserting ‘‘Whoever’’; and
(B) by inserting ‘‘of 1979’’ after ‘‘Export
Administration Act’’; and
(2) in subsection (b)(1), by inserting ‘‘, except
that such term does not include any transaction inci-
dent to routine diplomatic relations among coun-
tries’’ after ‘‘1956(c)(4)’’.
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Prohibition on Finan-
cial Transactions With Countries Supporting Terrorism
Act of 1997’’.
SEC. 2. FINANCIAL TRANSACTIONS WITH TERRORISTS.
Section 2332d of title 18, United States Code, (relating
to financial transactions) is amended—
(1) in subsection (a)—
(A) by striking ‘‘Except as provided in reg-
ulations issued by the Secretary of the Treasury,
in consultation with the Secretary of State, who-
ever’’ and inserting ‘‘Whoever’’; and
(B) by inserting ‘‘of 1979’’ after ‘‘Export
Administration Act’’; and
(2) in subsection (b)(1), by inserting after
‘‘1956(c)(4)’’ the following: ‘‘, except that such term
does not include any transaction ordinarily incident
to—
‘‘(A) routine diplomatic relations among
countries;
‘‘(B) an official act by a representative of,
or an act which is authorized by and conducted
on behalf of, the United States Government;
‘‘(C) the broadcasting or reporting of news
by organizations regularly engaged in such ac-
tivity; or
‘‘(D) the provision of assistance intended to
relieve human suffering;
‘‘(E) the receipt of emergency medical serv-
ices;
‘‘(F) any postal, telegraphic, or other per-
sonal communication which does not involve a
transfer of anything of value;
‘‘(G) the protection of intellectual property
rights of any United States person;
‘‘(H) the performance of any contract or
agreement that was entered into before June 12,
1997, but not those renewed after such date;
‘‘(I) the provision of hospitality or trans-
portation services; or
‘‘(J) the payment of a claim to any United
States person’’.
SEC. 3. REPORT ON EFFECTS OF ENACTMENT.
Beginning not later than one year after the date of
enactment of this Act, the Secretary of the Treasury, in con-
sultation with the Secretary of State, shall issue an annual
report to Congress on—
(1) the impact of this prohibition on United
States businesses; and
(2) any means by which a negative impact
might be ameliorated.