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H.R.748 / 105th Congress

Prohibition on Financial Transactions With Countries Supporting Terrorism Act of 1997

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 123.

Official summary

Version 00 · Introduced in House · Feb 13, 1997

Prohibition on Financial Transactions With Countries Supporting Terrorism Act of 1997 - Amends the Federal criminal code to: (1) repeal provisions providing for exceptions, pursuant to regulations issued by Secretary of the Treasury in consultation with the Secretary of State, to the prohibition against engaging in a financial transaction with the government of a country designated as a country supporting international terrorism; and (2) exclude from the definition of "financial transaction" any transaction incident to routine diplomatic relations among countries.

Read the summary on Congress.gov
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Who introduced it

Rep. McCollum, Bill [R-FL-8] · R–FL

Committees

  • Judiciary Committee
2 cosponsorship records, including any withdrawals

Actions

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  1. Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 123.

  2. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

  3. Received in the Senate.

  4. Motion to reconsider laid on the table Agreed to without objection.

  5. On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 377 - 33, 1 Present (Roll no. 249).

    House roll call 249 · Individual votes
  6. Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 377 - 33, 1 Present (Roll no. 249).

    House roll call 249 · Individual votes
  7. Considered as unfinished business. (consideration: CR H4878-4879)

  8. At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the Chair announced that further proceedings on the motion would be postponed.

  9. DEBATE - The House proceeded with forty minutes of debate.

  10. Considered under suspension of the rules. (consideration: CR H4864-4868)

  11. Mr. McCollum moved to suspend the rules and pass the bill, as amended.

  12. Placed on the Union Calendar, Calendar No. 81.

  13. Reported (Amended) by the Committee on Judiciary. H. Rept. 105-141.

  14. Reported (Amended) by the Committee on Judiciary. H. Rept. 105-141.

  15. Ordered to be Reported (Amended) by Voice Vote.

  16. Committee Consideration and Mark-up Session Held.

  17. Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.

  18. Subcommittee Consideration and Mark-up Session Held.

  19. Subcommittee Hearings Held.

  20. Referred to the Subcommittee on Crime.

  21. Referred to the House Committee on the Judiciary.

  22. Introduced in House

  23. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.748 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

Examine H.R.748 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Institutions and government scope

Conservative lens

Examine H.R.748 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Individual rights and government power

Liberty lens

Examine H.R.748 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

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