To require that certain measures be taken with respect to countries of concern regarding terrorist financing.

Bill: 109-hr-1952
Sponsor: Rep. Kelly, Sue W. [R-NY-19]
Introduced: 2005-04-28 in the House
Policy area: International Affairs
Subjects: Bank records
Charities
Congress
Congress and foreign policy
Congressional oversight
Congressional reporting requirements
Congressional veto
Crime and Law Enforcement
Criminal investigation
Development credit institutions
Economic assistance
Expedited congressional procedure
Extradition
Foreign Trade and International Finance
Foreign banks and banking
Foreign loans
Fund raising
Government Operations and Politics
Government paperwork
Legislative resolutions
Military assistance
Money laundering
President and foreign policy
Prosecution
Sanctions (International law)
Searches and seizures
Senate rules and procedure
Social Welfare
State-sponsored terrorism
Technical assistance
Terrorism
Treaties

Summary:
action_date: 2005-04-28
text: 
Directs the Secretary of the Treasury to identify and report annually on each country that is a country of concern because its government is not complying with the International Convention for the Suppression of the Financing of Terrorism, regardless of whether the country is a party to the Convention.
 
Requires with respect to such a country: (1) withholding of 50 percent of bilateral assistance; and (2) withholding of access to financial institution multilateral assistance. 
 
Authorizes the Secretary to require domestic financial institutions to take special measures with respect to a country of concern, including financial institutions operating outside the United States engaging in financial transactions in such country to the same extent as if such country or financial institution were of primary money laundering concern. 
 
Exempts a country from such prohibitions if the President certifies to Congress that: (1) during the previous year the country has cooperated fully with the United States or has taken adequate steps to terminate financial support for terrorism; or (2) for a country that would not otherwise qualify for such certification, vital U.S. national interests apply.


Legislative actions:
action_date: 2005-05-19
text: Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
action_date: 2005-05-16
text: Referred to the Subcommittee on International Terrorism and Nonproliferation.
action_date: 2005-04-28
text: Referred to the Committee on Financial Services, and in addition to the Committee on International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-04-28
text: Referred to the Committee on Financial Services, and in addition to the Committee on International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-04-28
text: Referred to the Committee on Financial Services, and in addition to the Committee on International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-04-28
text: Introduced in House
action_date: 2005-04-28
text: Introduced in House