Prevent the Financing of Terrorism Through the Drug Trade Act

Bill: 118-hr-6589
Sponsor: full_name: Rep. De La Cruz, Monica [R-TX-15]
Introduced: 2023-12-05
Policy area: International Affairs
Latest action: action_date: 2023-12-05
text: Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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.

Summaries:
action_date: 2023-12-05
action_desc: Introduced in House
text: <p><strong>Prevent the Financing of Terrorism Through the Drug Trade Act</strong></p><p>This bill requires the Department of the Treasury to submit a report to Congress on terrorist financing in the Americas. The report must include (1) an analysis of the major moneymaking sources for Hamas and Hezbollah terrorist financing in the Americas, (2) an analysis of the extent to which Hamas and Hezbollah are linked to drug trafficking organizations in the Americas, and (3) a description of U.S. and multilateral efforts to disrupt such financing. &nbsp;</p><p>In the next National Terrorist Financing Risk Assessment report, Treasury must identify Hamas as a primary threat and fully describe its terrorist financing activities.&nbsp;</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 6589 IN THE HOUSE OF REPRESENTATIVES December 5, 2023 Ms. De La Cruz introduced the following bill; which was referred to the Committee on Financial Services , and in addition to the Committee on Foreign Affairs , 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 A BILL To require a report on terrorist financing in the Americas, and for other purposes.

1. Short title This Act may be cited as the “ Prevent the Financing of Terrorism Through the Drug Trade Act ”. 2. Report on terrorist financing in the Americas (a) In general Not later than 180 days after the date of the enactment of this Act, the Secretary of the Treasury shall submit to Congress a report that includes the following: (1) An analysis of the major money making sources for terrorist financing by Hamas and Hezbollah in Mexico, Central America, South America, and the Caribbean. (2) An analysis of the amount of money held by Hamas and Hezbollah in Mexico, Central America, South America, and the Caribbean, including an identification of the countries in which it is being held. (3) An analysis of the extent to which Hamas and Hezbollah are linked to drug trafficking organizations in Mexico, Central America, South America, and the Caribbean and an analysis of the amount of their funds raised through the narcotics trade. (4) A description of United States and multilateral efforts to disrupt financing by Hamas and Hezbollah in Mexico, Central America, South America, and the Caribbean. (5) An evaluation of the United States efforts to disrupt financial flows from Mexico, Central America, South America, and the Caribbean to Hamas and Hezbollah. (b) National Terrorist Financing Risk Assessment report The Secretary of the Treasury shall, in the next National Terrorist Financing Risk Assessment report issued by the Department of the Treasury on or after the date of the enactment of this Act— (1) identify Hamas as a Primary Threat under the report’s section relating to Threats ; and (2) include a full description of Hamas’s activities relating to terrorist financing under such section.