No Support for Terror Act

H.R. 462, the No Support for Terror Act, would establish safeguards to ensure U.S. funds do not support genocide or terrorism. The bill would direct the Treasury Department to instruct the U.S. representative at the International Monetary Fund to oppose allocating Special Drawing Rights (international reserve assets) to countries that perpetrate genocide or sponsor terrorism. It would also push the IMF to adopt a formal rule preventing such allocations.

Additionally, the bill would require the Treasury Department, State Department, and U.S. Agency for International Development to jointly review and report on assistance given to nongovernmental organizations and international organizations. This review would ensure such assistance is not reaching the Taliban or other designated terrorist organizations. Prime recipients of U.S. assistance would need to provide evidence that all organizations they work with comply with U.S. anti-terrorism financing laws.

The bill is currently in committee and has not yet been voted on by the full House. If enacted, it would create new oversight mechanisms intended to prevent U.S. financial support from reaching entities involved in terrorism or genocide.