Prohibition on Financial Transactions With Countries Supporting Terrorism Act of 1997
Latest action (10 Jun 1997): Introduced
What this bill does
Generate a neutral, plain-English explanation of what this bill does, who it affects and what happens next — grounded in the official text.
Official summary
Prohibition on Financial Transactions With Countries Supporting Terrorism Act of 1997 - Amends the Federal criminal code to repeal provisions providing for exceptions, pursuant to regulations issued by the Secretary of the Treasury, to the prohibition on engaging in a financial transaction with the government of a country designated as a country supporting international terrorism. Makes such prohibition inapplicable to financial transactions: (1) engaged in by Federal officers or employees acting within official capacity; (2) for the sole purpose of providing humanitarian assistance in such countries; (3) involving travel or other activities by journalists or other members of the news media in such countries; or (4) within a certain class and with a specified country that are covered by a presidential determination that such transactions are vital to national security interests. Directs the President to report a determination to specified congressional committees at least 30 days before it is to take effect. Makes such determinations effective for 12 months and permits extensions.
Common questions
- What does S. 873 do?
- Prohibition on Financial Transactions With Countries Supporting Terrorism Act of 1997 - Amends the Federal criminal code to repeal provisions providing for exceptions, pursuant to regulations issued by the Secretary of the Treasury, to the prohibition on engaging in a financial transaction with the government of a country designated as a country supporting international terrorism. Makes such prohibition inapplicable to financial transactions: (1) engaged in by Federal officers or employees acting within official capacity; (2) for the sole purpose of providing humanitarian assistance in such countries; (3) involving travel or other activities by journalists or other members of the news media in such countries; or (4) within a certain class and with a specified country that are covered by a presidential determination that such transactions are vital to national security interests. Directs the President to report a determination to specified congressional committees at least 30 days before it is to take effect. Makes such determinations effective for 12 months and permits extensions.
- Has S. 873 become law?
- Not yet. As of 10 Jun 1997, S. 873 is introduced.
- Who sponsored S. 873?
- S. 873 was sponsored by Sen. John Ashcroft [R-MO, 1995-2000] (Republican-MO), with 1 cosponsor.
- What's the latest action on S. 873?
- Introduced (10 Jun 1997).
Related bills in Crime and Law Enforcement
Safe Cloud Storage Act
Prison Staff Safety Enhancement Act
BOP Direct-Hire Authority Act
Officer Leslie Coffelt U.S. Secret Service Police Act of 2026
Bill100 mirrors the public U.S. legislative record from Congress.gov and GovTrack and adds plain-English AI summaries. It is an information tool, not legal, compliance or lobbying advice, and it is not affiliated with the U.S. Congress or any government agency. AI summaries can simplify or omit detail — every bill links to the official source; verify there before you rely on it.