Official Summaries

No Support for Terror Act

This 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.

Current Full Text

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 462 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 462

 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.


_______________________________________________________________________


                    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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``No Support for Terror Act''.

SEC. 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:

``SEC. 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.''.

SEC. 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.
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