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New US Sanctions to Stop Foreign Support for Hamas and Palestinian Islamic Jihad.

This law mandates the US government to impose strict economic sanctions on foreign individuals, entities, and governments that knowingly provide financial or material support to Hamas, Palestinian Islamic Jihad, or related terrorist groups in Gaza and the West Bank. The goal is to cut off international funding and supply networks used for terrorism, thereby enhancing US national security. Sanctions include freezing assets within US jurisdiction and restricting access to US financial services and exports.
Key points
Freezing Assets: Any property or financial interests of foreign individuals or groups supporting Hamas/PIJ that are within US reach must be blocked.
Government Penalties: Foreign governments providing material support face suspension of US aid, opposition to international loans, and bans on US defense and controlled exports.
Humanitarian Exception: Sanctions do not apply to transactions involving food, medicine, medical equipment, or humanitarian assistance.
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Additional Information
Print number: 118_S_1647
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2023-05-17