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No Funding for Terrorist Licenses: New OFAC Rules

This act aims to restrict the funding or support of terrorist organizations by blocking funds for the implementation of certain licenses issued by the Office of Foreign Assets Control (OFAC). This means the government will have less flexibility in authorizing transactions that could indirectly support groups designated as terrorist, potentially impacting national and international security. For citizens, this signifies a strengthening of anti-terrorism policy, though the direct impact on daily life is minimal.
Key points
Blocks funds for the implementation of five specific OFAC licenses (General License 22-26) issued on January 17, 2024, related to sanctions against Ansarallah.
All future OFAC licenses concerning Ansarallah (designated as a Specially Designated Global Terrorist) will require Congressional approval, increasing legislative oversight of sanctions policy.
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Expired
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Additional Information
Print number: 118_HR_7358
Sponsor: Rep. Ogles, Andrew [R-TN-5]
Process start date: 2024-02-14
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No Carveouts for Terrorists Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7358.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-02-14.

What are the main provisions?

Key points include:

  • Blocks funds for the implementation of five specific OFAC licenses (General License 22-26) issued on January 17, 2024, related to sanctions against Ansarallah.
  • All future OFAC licenses concerning Ansarallah (designated as a Specially Designated Global Terrorist) will require Congressional approval, increasing legislative oversight of sanctions policy.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Ogles, Andrew [R-TN-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Foreign Affairs.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Security Courts and Law Economy