118th Congress · HOUSE BILLBILL

H.R. 689No Support for Terror Act

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.

Foreign trade and international finance
Introduced Jan 31, 2023
Last action Jan 31, 2023
Pipeline · Bill → Law
Step 1
Introduced
Jan 31, 2023
Step 2
Referred
Jan 31, 2023
Financial Services · Foreign Affairs
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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 (a currency support tool) 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 allocation. 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 internati...

Provisions · 3 sectionsIntroduced in House
Timeline · 3 actions
Jan 31, 2023
Introduced in House
Jan 31, 2023
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.
Jan 31, 2023
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.