Hamas and Other Palestinian Terrorist Groups International Financing Prevention Act

Floor Speech

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Mr. HILL. Mr. Speaker, I thank Chairman McCaul, and I certainly thank the gentleman from Florida (Mr. Mast) for offering this important bill, H.R. 340, the Hamas International Financing Prevention Act.

In addition to my work on the Foreign Affairs Committee, I serve on the House Financial Services Committee. Over the years that I have been in Congress, I have been on the Task Force to Investigate Terrorism Financing and the Subcommittee on Terrorism and Illicit Finance. Today, once again, we come to this House floor to tackle a new form of illicit finance.

It was shocking to a lot of people in America to read in The Wall Street Journal that Hamas is now using digital assets in order to raise funds and move money around. Just as we tackle illicit charitable use, illicit cash use, illicit bank use, this committee is dedicated to tackling this new form of escaping our anti-money laundering Bank Secrecy Act laws in order to fund terror.

I expect all of my colleagues to be together, working together to pass this bill and, in fact, standing up against this new form of terror finance by using digital assets.

We look forward to working on that issue in both the Financial Services Committee and the Foreign Affairs Committee, and I congratulate the gentleman from Florida for his leadership.

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