Sec. 5. Assistance for countering terrorism finance
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/bill/115/s/358/is/section-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Congress makes the following findings: In many nations in which financial markets and institutions are misused to finance the operations of, or acts of international terrorism by, foreign terrorist organizations, there are not adequate laws or regulations, or the enforcement of such laws or regulations, to effectively prevent such misuse. In providing foreign assistance, the United States should prioritize— the promotion and development of laws and regulations that prevent misuse of financial markets and institutions to finance the operations of, or acts of international terrorism by, foreign terrorist organizations; and the enhancement of enforcement capabilities of such laws and regulations.
Section 129(b) of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2151aa(b) ) is amended— in paragraph (1), by inserting and to counter financial crimes and material support to terrorism after private sector growth ; and in paragraph (2)— in subparagraph (D), by striking and at the end; in subparagraph (E), by striking the period at the end and inserting ; and ; and by adding at the end the following: the capability to investigate, prosecute, and hold accountable individuals and entities that finance the operations of, or acts of international terrorism by, groups designated by the Secretary of State, in consultation with the Secretary of the Treasury and the Attorney General, as foreign terrorist organizations under section 219(a) of the Immigration and Nationality Act ( 8 U.S.C. 1189(a) ). .
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