No Support for Terror Act
No Support for Terror Act
Plain Language Summary
# No Support for Terror Act (HR 462) Summary **What the Bill Would Do** The No Support for Terror Act would prevent U.S. funds from supporting countries or groups involved in genocide or terrorism. Specifically, it would require the U.S. Treasury Department to instruct American representatives at the International Monetary Fund (IMF) to block financial aid (called Special Drawing Rights) to countries that commit genocide or sponsor terrorism. Additionally, the bill would require Treasury, State Department, and USAID to jointly review all money given to nonprofits and international organizations to make sure none of it reaches terrorist groups like the Taliban. **Who It Affects** The bill primarily affects U.S.
foreign aid distribution and international financial institutions. It would impact countries designated as state sponsors of terrorism, countries committing genocide, and nongovernmental organizations or international organizations that receive U.S. assistance. **Current Status** HR 462 was introduced by Rep. W. Gregory Steube (R-FL) in the 119th Congress and is currently in committee, meaning it has not yet been voted on by the full House of Representatives.
CRS Official Summary
No Support for Terror ActThis bill establishes measures to prevent the allocation or use of certain funds to support genocide or terrorism.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. (Special Drawing Rights are international reserve assets created by the IMF to supplement member countries' official foreign exchange reserves.)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.
Latest Action
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.