PlainBillCongress, translated.Legislation. Context. Public interest.Referred to Subcommittee on Technology, Terrorism, Government.
Congressional Research Service
Version 00 · Introduced in Senate · Jun 10, 1997
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.
People & committees
Sen. Ashcroft, John [R-MO] · R–MO
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Referred to Subcommittee on Technology, Terrorism, Government.
Sponsor introductory remarks on measure. (CR S5735-5736)
Read twice and referred to the Committee on Judiciary.
Sponsor introductory remarks on measure. (CR S5463-5464)
Introduced in Senate
Primary sources
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Source last updated: Aug 10, 2026. Consult Congress.gov for the current record.
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