To prevent allocations of Special Drawing Rights at the International Monetary Fund for countries that are perpetrators of genocide or state sponsors of terrorism, and to prevent United States tax dollars from directly going to the Taliban or other terrorists or terrorist-harboring nations.

Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Bill 119 hr 462 aims to prevent the International Monetary Fund (IMF) from providing Special Drawing Rights (SDRs) to countries that are known perpetrators of genocide or state sponsors of terrorism. Additionally, the bill seeks to ensure that United States tax dollars do not directly fund the Taliban or other terrorist organizations, or nations that harbor terrorists.

The bill is designed to hold countries accountable for their actions by restricting their access to financial resources provided by the IMF. By denying SDR allocations to countries engaged in genocide or terrorism, the bill aims to discourage these harmful behaviors and promote international peace and security.

Furthermore, the bill aims to protect American taxpayers by ensuring that their money does not inadvertently support terrorist activities or regimes that support terrorism. By preventing US tax dollars from going to terrorist organizations or nations that harbor terrorists, the bill seeks to safeguard national security interests and prevent the funding of violent extremist groups. Overall, Bill 119 hr 462 represents a bipartisan effort to promote accountability and transparency in international financial institutions, while also safeguarding US national security interests and taxpayer dollars.