Bill 118 hr 9495, also known as the Stop Terror-Financing and Tax Penalties on American Hostages Act, is a piece of legislation introduced in the US Congress with the aim of addressing the issue of terror-financing and provid...
ing relief to American hostages and their families.
The main objective of this bill is to prevent terrorist organizations from receiving financial support by imposing stricter penalties on individuals or entities found to be financing terrorism. This includes increasing the resources and capabilities of law enforcement agencies to track and prosecute those involved in terror-financing activities.
Additionally, the bill seeks to provide tax relief to American hostages and their families who may face financial burdens as a result of their captivity. This includes exempting them from certain tax penalties and providing them with financial assistance to help cover any expenses incurred during their ordeal.
Overall, the Stop Terror-Financing and Tax Penalties on American Hostages Act aims to strengthen national security efforts by targeting the sources of funding for terrorist organizations, while also providing support to American hostages and their families during difficult times.