Prohibition on Financial Transactions With Countries Supporting Terrorism Act of 1997

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.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 10 June 1997

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 10 June 1997

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• Introduced in Senate

  summary · EN · 10 June 1997

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