Bill > HR6322

This bill, titled the "End Financing for Hamas and State Sponsors of Terrorism Act," aims to evaluate and disrupt the financing of Hamas, a Palestinian Islamic resistance movement that the U.S. has designated as a terrorist organization. The key provisions include: 1) requiring the Secretary of the Treasury to submit a report on the major sources of financing for Hamas, U.S. and multilateral efforts to disrupt its illicit financial flows, and an implementation plan for a multilateral strategy to undermine Hamas's ability to finance armed hostilities against Israel; 2) directing the Secretary of the Treasury to develop a multilateral strategy with U.S. allies and partners to ensure that Hamas is incapable of financing such hostilities; and 3) prohibiting the use of the Exchange Stabilization Fund to exchange Special Drawing Rights (a type of international reserve asset) from or to benefit state sponsors of terrorism.

Business and Industry

https://www.congress.gov/bill/118th-congress/house-bill/6322/all-info