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Hamas and Other Palestinian Terrorist Groups International Financing Prevention Act

Source: Congress.gov  ·  3,503 words in original text
This bill creates new penalties against foreign people and foreign countries that support terrorist groups including Hamas, Palestinian Islamic Jihad, Al-Aqsa Martyrs Brigade, and the Lion's Den. The law aims to stop these groups from getting money, materials and support from other countries, and to prevent them from using goods like medicine to smuggle weapons.
Foreign individuals and companies that knowingly provide money, materials or services to these terrorist groups. Foreign countries that provide support to these groups. U.S. government agencies responsible for enforcing these penalties. Congressional committees that receive reports about enforcement.
• The President must impose financial sanctions (freezing money and property in the U.S.) on foreign individuals who knowingly provide significant financial, material or technological support to acts of terrorism, or who conduct significant business deals with senior members of the listed terrorist groups. (Sec. 3) • The President must impose penalties on foreign countries that knowingly provide significant material or financial support to the listed terrorist groups or engage in significant transactions that help these groups' terrorist activities. (Sec. 4) • These penalties against countries include suspending U.S. aid for at least one year, instructing the U.S. to vote against loans from international banks for one year, and banning exports of weapons and controlled items to that country for one year. (Sec. 4) • The President must issue rules and guidance to carry out these sanctions within 60 days of enactment. (Sec. 3, Sec. 4) • The President may waive (skip) sanctions for national security reasons or to deliver food, medicine and medical supplies, if Congress is notified at least 15 days in advance. (Sec. 3, Sec. 4) • The President must submit reports to Congress every 180 days about efforts to disrupt the money-raising, financing and money-laundering activities of these groups worldwide. (Sec. 5)
The President gains authority to freeze property and money belonging to foreign individuals and countries that support the named terrorist groups. Foreign countries supporting these groups face suspension of U.S. aid and trade restrictions. The U.S. will actively oppose loans to sanctioned countries from international financial institutions. Congress will receive regular reports on the financial networks of these groups and which countries are supporting them.
"Act of terrorism" means a violent or dangerous activity intended to intimidate civilians, influence government policy through intimidation, or harm people through mass destruction, assassination, kidnapping or hostage-taking. (Sec. 8) "Humanitarian aid" means food, medicine and medical supplies. (Sec. 8) "Material support" is defined by existing federal law about supporting terrorism. (Sec. 8) "United States person" means a U.S. citizen, permanent resident, or any company organized under U.S. law including foreign branches. (Sec. 8)
Not specified in bill text. However, the President has 180 days from enactment to impose sanctions on foreign individuals and foreign countries. The President has 60 days from enactment to issue regulations. Reports to Congress begin 90 days after enactment and continue every 180 days thereafter. The law automatically expires on the earlier of seven years after enactment or 30 days after the President certifies that the listed groups are no longer designated as terrorist organizations and no longer face existing terrorism sanctions.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.