119th Congress · HOUSE BILLBILL

H.R. 462 — No 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 15, 2025

Last action Jan 15, 2025

Pipeline · Bill → Law

Step 1

Introduced

Jan 15, 2025

Step 2

Referred

Jan 15, 2025

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 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 In...

Provisions · 3 sectionsIntroduced in House

Timeline · 3 actions

Jan 15, 2025

Introduced in House

Jan 15, 2025

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 15, 2025