HR Bill 9495 Stop Terror-Financing and Tax Penalties on American Hostages Act

Purpose and Summary

Chamber: House

Introduced date: 2024-09-09

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 providing 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.

Recent Activity

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

Alternative Names

Stop Terror-Financing and Tax Penalties on American Hostages Act

Stop Terror-Financing and Tax Penalties on American Hostages Act

Stop Terror-Financing and Tax Penalties on American Hostages Act

To amend the Internal Revenue Code of 1986 to postpone tax deadlines and reimburse paid late fees for United States nationals who are unlawfully or wrongfully detained or held hostage abroad, to terminate the tax-exempt status of terrorist supporting organizations, and for other purposes.

Stop Terror-Financing and Tax Penalties on American Hostages Act

Stop Terror-Financing and Tax Penalties on American Hostages Act

Stop Terror-Financing and Tax Penalties on American Hostages Act

Stop Terror-Financing and Tax Penalties on American Hostages Act

To amend the Internal Revenue Code of 1986 to postpone tax deadlines and reimburse paid late fees for United States nationals who are unlawfully or wrongfully detained or held hostage abroad, to terminate the tax-exempt status of terrorist supporting organizations, and for other purposes.

Associated Legislation

A bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.

To amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.

Stop Tax Penalties on American Hostages Act of 2024

Stop Tax Penalties on American Hostages Act of 2024

Stop Tax Penalties on American Hostages Act of 2024

Stop Tax Penalties on American Hostages Act of 2024

To amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.

A bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.

Stop Tax Penalties on American Hostages Act of 2024

Stop Tax Penalties on American Hostages Act of 2024

To amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.

A bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.

Providing for consideration of the bill (H.R. 1449) to amend the Geothermal Steam Act of 1970 to increase the frequency of lease sales, to require replacement sales, and for other purposes, and providing for consideration of the bill (H.R. 9495) to amend the Internal Revenue Code of 1986 to postpone tax deadlines and reimburse paid late fees for United States nationals who are unlawfully or wrongfully detained or held hostage abroad, to terminate the tax-exempt status of terrorist supporting organizations, and for other purposes.

Stop Tax Penalties on American Hostages Act of 2024

Stop Tax Penalties on American Hostages Act of 2024

To amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.

A bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.

Providing for consideration of the bill (H.R. 1449) to amend the Geothermal Steam Act of 1970 to increase the frequency of lease sales, to require replacement sales, and for other purposes, and providing for consideration of the bill (H.R. 9495) to amend the Internal Revenue Code of 1986 to postpone tax deadlines and reimburse paid late fees for United States nationals who are unlawfully or wrongfully detained or held hostage abroad, to terminate the tax-exempt status of terrorist supporting organizations, and for other purposes.

Policy Areas

Taxation

Potential Impact

Administrative remedies

Detention of persons

Diplomacy, foreign officials, Americans abroad

Internal Revenue Service (IRS)

Tax administration and collection, taxpayers

Tax-exempt organizations

Terrorism

Sponsors and Supporters

Rep. Tenney, Claudia [R-NY-24]

Rep. Tenney, Claudia [R-NY-24]

Rep. Tenney, Claudia [R-NY-24]

Rep. Tenney, Claudia [R-NY-24]

Rep. Tenney, Claudia [R-NY-24]

Rep. Tenney, Claudia [R-NY-24]

Rep. Tenney, Claudia [R-NY-24]

Rep. Tenney, Claudia [R-NY-24]

Rep. Tenney, Claudia [R-NY-24]

Rep. Tenney, Claudia [R-NY-24]

Rep. Tenney, Claudia [R-NY-24]

Rep. Tenney, Claudia [R-NY-24]

Cosponsors and Supporters

Rep. Kustoff, David [R-TN-8]

Rep. Schneider, Bradley Scott [D-IL-10]

Rep. Titus, Dina [D-NV-1]

Rep. Malliotakis, Nicole [R-NY-11]

Committees and Subcommittees

Ways and Means Committee

Variations and Revisions