Gottheimer, Mast introduce non-partisan Hamas International Financing Prevention Act
WASHINGTON, DC – US Congressmen Josh Gottheimer (NJ-5) and Brian Mast (FL-18) officially introduced bipartisan law HR3685, the Hamas International Financing Prevention Actto impose financial sanctions on foreign persons, agencies and governments that support Hamas, the Palestinian Islamic Jihad or their partners. This new bipartisan bill now has more than 50 bipartisan co-sponsors.
Terrorists in the Gaza Strip, including Hamas, recently fired more than 4,500 rockets at civilians in Israel and the West Bank in just 11 days, killing both Israelis and Palestinians.
Recent reports showed an increase in cryptocurrency donations to Hamas since the conflict began, circumventing international sanctions.
“Last month the Hamas terrorist group fired thousands of rockets at Israel while using Gazans, including women and children, as human shields. It is vital that the United States and our allies continue to isolate terrorist groups like Hamas and the Palestinian Islamic Jihad by cutting them off at the source. ” said Congressman Gottheimer, vice chairman of the House of Representatives’ national security subcommittee on financial services. “This law will increase sanctions to weaken these terrorist groups that threaten our ally Israel, undermine peace and further destabilize the Middle East. At the last Congress, the House of Representatives passed an earlier version of this law that includes important humanitarian considerations. I hope Congress will come together to pass the bipartisan Hamas International Financing Prevention Act so that it can go into effect. “
“After my service in the army, I decided to work as a volunteer alongside the Israeli armed forces, because our countries share the common ideals of freedom, democracy and mutual respect for all people. Hamas preaches destruction to Israel and death to the values we hold dear in the United States. ” said Congressman Brian Mast (FL-18). “The United States cannot tolerate anyone who supports these radical Islamic terrorists.”
Hamas and the Palestinian Islamic Jihad are foreign terrorist organizations (FTOs) and are specifically designated by the US government as global terrorists. Hamas is responsible for the deaths of more than 400 Israelis and at least 25 US citizens. The Palestinian Islamic Jihad has claimed several terrorist attacks in Israel, including one that killed a New Jersey student.
Similar bipartisan law passed the House of Representatives in the last Congress, and Gottheimer continues to seek to build on that dynamic and work with the U.S. Senate to bring it into effect in this Congress.
The Palestinian Law to Prevent Terrorism from International Terrorism requires the President to submit to Congress for the next three years an annual report identifying any foreign person, entity, or body of a foreign state who knowingly and materially belongs to Hamas, the Palestinian Islamic Jihad or an affiliate or successor will help one of these organizations. After identifying the organizations, the President must impose two or more sanctions, including the denial of a) export-import guarantees, b) defense support under the Arms Export Control Act, c) export of ammunition under an agreement in which an identified person is party, d) Export of goods or technology controlled for national security reasons; e) Loans in excess of $ 10 million; or f) Confiscation of property in the United States.
The bill also requires the President to report to Congress on any government that supports acts of terrorism and materially supports Hamas, the Palestinian Islamic Jihad, or any affiliated or successor organization, or the President chooses to be involved in a significant transaction to help knowingly and materially Hamas, the Palestinian Islamic Jihad, or any affiliated or successor organization. Once the governments have been identified, the president must suspend U.S. aid to that government for one year, instruct the executive directors of each international financial institution to vote against any loan or technical assistance to that government, and prohibit any export of ammunition to that government for one year. In addition, the President must prohibit this government from trading in foreign currency under United States jurisdiction and prevent the transfer of any credit or payment of this government between financial institutions under United States jurisdiction.
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