Sec. 121. Sense of Congress on defeating terrorist financing by the Islamic State of Iraq and Syria
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/bill/114/s/2377/is/section-121·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is the sense of Congress that— the United States should— strongly support coordinated international efforts by the G–20, the international Financial Action Task Force, the United Nations, and other appropriate international bodies to bolster comprehensive programs to target and combat terrorist financing by ISIS, and to expand international information-sharing related to activities of ISIS; provide necessary funding and support for the international Counter-ISIS Financing Group and ensure robust information-sharing within that Group and among allied countries participating in efforts to combat terrorist financing by ISIS; expand technical assistance, support, and guidance to the governments of countries that are allies of the United States and to foreign financial institutions in such countries to enable those governments and institutions to rapidly expand their capacity— to identify and designate for the imposition of sanctions persons that are part of ISIS or that knowingly fund or otherwise facilitate activities of ISIS; to identify and disrupt financing networks used by ISIS and terrorists allied with ISIS; and to cut ISIS off completely from the international financial system; urge governments of countries that are allies of the United States— to aggressively implement programs to combat terrorist financing by ISIS; and to prosecute, to the fullest extent of the laws of those countries, persons that are part of ISIS or that knowingly fund or otherwise facilitate activities of ISIS and are within the jurisdiction of those governments; encourage the governments of all G–20 countries to implement measures with respect to persons designated as part of ISIS, or as persons that knowingly fund or otherwise facilitate activities of ISIS, by the United States as of the date of the enactment of this Act, and to designate promptly and impose sanctions with respect to such persons under their own laws; continue to support efforts by the Government of Iraq— to secure the financial system of Iraq, including banks, exchange houses, and other similar entities, from ISIS-related terrorist financing; and to dismantle and disrupt ISIS terrorist financing networks; continue to disrupt efforts by the Government of Syria— to engage in oil purchases or other financial transactions with ISIS or affiliates or intermediaries of ISIS; or to engage in extortion or any other criminal activity that might benefit ISIS; and seek to expand cooperation among G–20 and countries that are allies of the United States to strengthen the protection of antiquities and prevent ISIS from engaging in the theft, transport, and sale of cultural objects for the purpose of financing terrorism; and the Senate should promptly approve, on a bipartisan basis, the nomination, pending on the date of the enactment of this Act, of the Under Secretary for Terrorism and Financial Crimes of the Department of the Treasury, who leads the efforts of the United States to counter terrorist financing by ISIS.