Hamas and Other Palestinian Terrorist Groups
International Financing Prevention Act

The House of Representatives voted 363-46 to adopt H.R. 340, the Hamas and Other Palestinian Terrorist Groups International Financing Prevention Act. This bill imposes sanctions targeting Hamas, Palestinian Islamic Jihad, and any affiliate or successor groups.

The President must periodically report to Congress a list of each foreign person (individual or entity) that knowingly provides significant support or services to or is involved in a significant transaction with a senior member or supporter of the targeted groups.

The President must periodically report to Congress a list of foreign governments that have repeatedly provided material support for the targeted groups' terrorist activities. The President shall bar these governments from receiving for one year (1) U.S. assistance, or (2) exports of controlled munitions. The Department of Treasury must instruct U.S. leadership of international financial institutions to oppose providing assistance to an identified government for one year.

The bill provides for certain exceptions and waivers, such as for transactions that would serve U.S. national interests.

The President must report to Congress and periodically provide briefings on other specified topics related to the targeted groups, such as where these groups secure financing and surveillance equipment.

Source: Congress.gov, (November 1, 2023).