S. 358: Stop Terrorist Operational Resources and Money Act

115th Congress · introduced 2017-02-13 · International Affairs · Latest: Read twice and referred to the Committee on Foreign Relations.

federal

Follow this bill, step by step

Where it came from: introduced 2017-02-13 · official record
Who proposed it: Sen. Casey, Robert P., Jr. [D-PA] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Foreign Relations. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Stop Terrorist Operational Resources and Money Act

Plain summary

Stop Terrorist Operational Resources and Money Act This bill expresses the sense of Congress regarding the importance of the United States and its partners curtailing the financial resources of the Islamic State of Iraq and the Levant (ISIL). The President may designate a country as a Jurisdiction of Terrorism Financing Concern if the President determines that government officials know, or should know, that activities are taking place within the country that substantially finance the operations of, or acts of international terrorism by, foreign terrorist organizations. The President shall, after so designating a country: (1) submit a report that identifies the country and sets forth the information used to make such designation; and (2) take one or more actions to limit military and technology exports, cut or suspend development and security assistance, and suspend credit, procurement, and contracting by federal agencies with respect to such country. The President may, as an alternative to such actions, enter into an agreement with a foreign government that obligates such government to more effectively counter activities that finance the operations of, or acts of international terrorism by, foreign terrorist organizations. With respect to a financial institution, the President: (1) may remove a limitation or condition for national security purposes, and (2) shall not be required to apply sanctions if the sanctionable activity is terminated or the institution is taking significant steps to do so. The Foreign Assistance Act of 1961 is amended to permit the allocation of funds for countering terrorism financing under the program to provide technical assistance to foreign governments and foreign central banks of developing or transitional countries. The President shall prescribe regulations to prohibit, or impose strict conditions on, the opening or maintaining in the United States of a correspondent account or a payable-through account by a foreign financial institution that knowingly: facilitates a significant transaction or transactions for ISIL or its affiliates; facilitates a significant transaction for a person acting on behalf of, or owned or controlled by, ISIL or its affiliates; or engages in money laundering or significant financial services to carry out such an activity. The bill prescribes penalties for violations of such prohibitions. The Foreign Relations Authorization Act, Fiscal Years 1988 and 1989 is amended to include in the annual country reports on terrorism for each foreign country in which terrorism financing activities are taking place assessments of such activities and government preventive efforts and capacities.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Stop Terrorist Operational Resources and Money Act

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Casey, Robert P., Jr. [D-PA] · 4 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Elizabeth Warren (D-MA), Margaret Wood Hassan (D-NH)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (6)

Authorization: A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Fiscal year: The 12-month period a government uses for its budget. The federal fiscal year runs from October 1 to September 30 and is named for the calendar year in which it ends. Most states use July 1 to June 30.
Jurisdiction: The area or the matters a government or court has authority over.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115s358.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/s>

Record fed-us-cong115-s358 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115