No Support for Terror Act

Bill: 119-hr-462
Sponsor: full_name: Rep. Steube, W. Gregory [R-FL-17]
Introduced: 2025-01-15
Policy area: Foreign Trade and International Finance
Subjects: Congressional oversight

International monetary system and foreign exchange

International organizations and cooperation

Terrorism

War crimes, genocide, crimes against humanity
Latest action: action_date: 2025-01-15
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: 2025-01-15
action_desc: Introduced in House
text: <p><strong>No Support for Terror Act</strong></p><p>This bill establishes measures to prevent the allocation or use of certain funds to support genocide or terrorism.</p><p>Specifically, the bill requires the Department of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund (IMF) to oppose the allocation of Special Drawing Rights to any country that is a perpetrator of genocide or a state sponsor of terrorism and to advocate that the IMF adopt a rule prohibiting such an allocation.&nbsp;(Special Drawing Rights are international reserve assets created by the IMF to supplement member countries' official foreign exchange reserves.)</p><p>Further, the bill requires Treasury, the Department of State, and the U.S. Agency for International Development to jointly review and report on assistance provided to nongovernmental organizations and international organization to ensure such assistance is not being provided to the Taliban or other terrorist organizations. Each prime awardee of this assistance must provide evidence that all subawardees are complying with U.S. anti-terrorism financing laws.</p>

tv_txt: I 119th CONGRESS 1st Session H. R. 462 IN THE HOUSE OF REPRESENTATIVES January 15, 2025 Mr. Steube 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 prevent allocations of Special Drawing Rights at the International Monetary Fund for countries that are perpetrators of genocide or state sponsors of terrorism, and to prevent United States tax dollars from directly going to the Taliban or other terrorists or terrorist-harboring nations.

1. Short title This Act may be cited as the No Support for Terror Act . 2. Preventing allocations of Special Drawing Rights at the International Monetary Fund for countries that are perpetrators of genocide or state sponsors of terrorism The Bretton Woods Agreements Act ( 22 U.S.C. 286 et seq. ) is amended by adding at the end the following: 75. Preventing allocations of Special Drawing Rights for countries that are perpetrators of genocide or state sponsors of terrorism The Secretary of the Treasury shall instruct the United States Executive Director at the Fund to use the voice and vote of the United States to— (1) oppose the allocation of Special Drawing Rights to any country that is a perpetrator of genocide or a state sponsor of terrorism, as determined by the Secretary of State; and (2) advocate that the Fund adopt a rule prohibiting such an allocation. . 3. Preventing United States tax dollars from being provided to the Taliban or other terrorist organizations or countries that harbor terrorist organizations (a) Review (1) In general The Secretary of the Treasury, the Secretary of State, and the Administrator of the United States Agency for International Development shall jointly conduct a review of assistance provided to nongovernmental organizations and international organizations to ensure such assistance is not being further provided to the Taliban or other terrorist organizations or countries that harbor terrorist organizations in accordance with United States anti-terrorism financing laws. (2) Report Not later than 90 days after the date of the enactment of this Act, the Secretary of the Treasury, the Secretary of State, and the Administrator of the United States Agency for International Development shall jointly submit to Congress a report that contains the results of the review conducted under paragraph (1). (b) Recipient requirements Not later than 180 days after the date of the enactment of this Act, the Secretary of the Treasury, the Secretary of State, and the Administrator of the United States Agency for International Development shall each require prime awardees of assistance to provide evidence that all sub-awardees of such assistance are complying with United States anti-terrorism financing laws.