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H. Rept. 118-799,Part 1 1 (2024-12-05)

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                    118TH CONGRESS                                      REPT. 118-799
                       2d Session     HOUSE   OF REPRESENTATIVES            Part 1







                     END   FINANCING FOR HAMAS AND STATE SPONSORS OF
                                            TERRORISM ACT




                                     DECEMBER 5, 2024.-Ordered to be printed




                         Mr. McHENRY,   from  the Committee  on Financial Services,
                                          submitted  the following



                                             REPORT


                                               together with


                                            MINORITY VIEWS

                                            [To accompany H.R. 6322]

                              [Including cost estimate of the Congressional Budget Office]

                      The  Committee  on  Financial Services, to whom  was referred the
                    bill (H.R. 6322) to evaluate and  disrupt financing to Hamas,   and
                    to amend  title 31, United States Code, to prohibit the exchange sta-
                    bilization fund from being used  to deal in Special Drawing  Rights
                    from  state sponsors of terrorism, and  for other purposes,  having
                    considered the same, reports favorably thereon with an  amendment
                    and recommends   that the bill as amended do pass.

                                                 CONTENTS

                                                                                    Page
                    Purpose and Sum m ary  ........................................................................................... .  2
                    Background and Need for  Legislation  ....................................................................  2
                    R elated H earings  .....................................................................................................  3
                    Com m ittee  Consideration  ........................................................................................  3
                    C om m ittee  V otes  .....................................................................................................  3
                    Com m ittee  Oversight Findings  ...............................................................................  6
                    Perform ance Goals  and  Objectives  .........................................................................  6
                    Congressional Budget Office  Estimates   .................................................................  6
                    New Budget Authority, Entitlement Authority, and Tax Expenditures .............     7
                    Federal M andates  Statem ent  .................................................................................  7
                    Advisory Com m ittee  Statem ent  ..............................................................................  7
                    Applicability  to  Legislative  Branch  ........................................................................  7
                    Earm ark Identification  ............................................................................................  7
                    Duplication of Federal Program s  ............................................................................  7
                    Section-by-Section  Analysis of the  Legislation  ......................................................  7
                       59-006